Greenridge Global: Society Pass Inc’s (Nasdaq: SOPA) 3Q 2023 Financial Results Inline with Estimates; Maintains Optimistic View of SOPA’s Business Plan
Click Here (on Society Pass website) to view the full Greenridge Global Equity Research Report.
- Click Here (on Society Pass website) to view the full Greenridge Global Equity Research Report.
- • Valuation: Greenridge Global’s valuation is based on an EV/Revenue multiple of roughly 3 times its 2025 Revenue estimate of $33.32 million, discounted back one year at 20%.
- • 3rd Quarter 2023 Results Inline with Estimates: SoPa reported third quarter results with Revenue of $2.3 million, a 10.6% improvement from the year ago period.
- Given SoPa’s history of acquisitions, a successful integration could ultimately result in an investment or acquisition directly into Junwei.