---
schema_version: "secwatch.filing_event.v1"
accession: "0001607062-23-000283"
form_type: "8-K"
ticker: "SOPA"
cik: "0001817511"
company_name: "SOCIETY PASS INCORPORATED."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:34:34.627491+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Society Pass Q1 revenue up 358% YoY; gross margin expands to 33.5%

## Summary
- Revenue of $2.04M vs $445K in Q1 2022; gross profit of $686K vs loss of $15K.
- Gross margin improved to 33.5% from -3.3% YoY and from 25.5% in Q4 2022.
- Cash operating expenses grew only 20% YoY ($3.39M vs $2.82M) while revenue surged 358%.
- Cash on hand $13.7M; book value $15.6M as of March 31, 2023.
- Management projects cash profitability sometime in 2023.

## SEC filing metadata
- accession: 0001607062-23-000283
- form_type: 8-K
- ticker: SOPA
- cik: 0001817511
- company_name: SOCIETY PASS INCORPORATED.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000283/0001607062-23-000283-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000283/sopa051723form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001607062-23-000283
- JSON: https://secwatch.observer/filing/0001607062-23-000283.json
- Plain text: https://secwatch.observer/filing/0001607062-23-000283.txt

## Key facts
- Earnings Releases
  SOCIETY PASS INCORPORATED. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: Exchange Commission (SEC). Click Here (on SEC website) to view 1Q 2023 Form 10-Q filing. Summary Points: • 1Q 2023 revenues grew 358% year on year (from $445,090 in 1Q 2022 to $2,042,580 in 1Q 2023). • 1Q 2023 digital advertising revenues totaled $1,283,774, up from $0 in 1Q 2022. • 1Q 2023 travel platform revenues totaled $486,707, up from $0 in 1Q 2022. • 1Q
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000283/0001607062-23-000283-index.htm
- Earnings Releases
  SOCIETY PASS INCORPORATED. reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: 1Q 2023 revenues grew 358% year on year (from $445,090 in 1Q 2022 to $2,042,580 in 1Q 2023).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817511/000160706223000283/0001607062-23-000283-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.