SOPA

Society Pass Inc (Nasdaq: SOPA) Reports Outsized Revenue Growth and Margin Expansion for 1Q 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023
Media Group, TMG, Contextual advertising, Travel, Telecommunications, Sopa, Food, SOPA, Growth, Security (finance), Ecosystem, Video game, SEA

NEW YORK, NY, May 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces unaudited financial results for first quarter ended 31 March 2023 and a filing of its 1Q 2023 Form 10-Q with the Securities and Exchange Commission (SEC).

Key Points: 
  • • 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.
  • Raynauld Liang, Society Pass Inc. Chief Financial Officer, explains, “Our outsized first quarter 2023 financial performance validates our acquisitions-focused business plan here in SEA.
  • For 1Q 2023, we achieved year-on-year revenue growth of 358%, whilst recognising year-on-year cash operating expenses increase of only 20%.

Society Pass (Nasdaq: SOPA) Releases Its Paradigm Shifting Society Pass Loyalty App/Society Points Platform Targeted at Its 3.3 Million Registered Consumers and 650k Registered Merchants in Southeast Asia

Retrieved on: 
Thursday, May 4, 2023
Friends, Sopa, Telephone numbers in Hungary, Reward, SEA, Theosophical Society Point Loma - Blavatskyhouse, COVID-19, SOPA, Ecosystem, Online shopping

MarketsandMarkets forecasts that the global loyalty management market size to grow from US$8.6 billion in 2021 to US$18.2 billion in 2026.

Key Points: 
  • MarketsandMarkets forecasts that the global loyalty management market size to grow from US$8.6 billion in 2021 to US$18.2 billion in 2026.
  • Rokas Sidlauskas, Chief Marketing Officer of SoPa, comments, “The Society Pass loyalty platform creates long lasting customer loyalty via rewards and incentives, replaces cash discounting, and generates additional revenues for merchants.
  • Our business strategy encourages cross-vertical shopping for our registered consumers and registered merchants in the SoPa ecosystem.
  • As we build out our loyalty platform, the Society Pass loyalty app will offer a wide range of offers and reward options: gamification, badges, tiers, birthday surprises, and early access privileges.”

Institutional Analyst: Society Pass (Nasdaq: SOPA) – Portfolio Comprised of Mini Versions of Booking.com, Inditex, Youtube, and America Movil

Retrieved on: 
Thursday, April 27, 2023
Travel, Food, Sopa, Wall Street, PT, SEA, Equity, Acquisition, Theosophical Society Point Loma - Blavatskyhouse, Risk, SOPA, Ecosystem, System, Cryptocurrency, Online shopping, Security (finance), Holding company

Click here to view the full Institutional Analyst Equity Research Report on Internet Stock Review website or here on Society Pass Inc. website.

Key Points: 
  • Click here to view the full Institutional Analyst Equity Research Report on Internet Stock Review website or here on Society Pass Inc. website.
  • In February 2021, the company acquired an online lifestyle platform of Leflair branded assets (the “Leflair Assets”) in Vietnam.
  • In May 2022, SoPa acquired Gorilla Networks Pte Ltd and Gorilla Mobile Singapore Pte Ltd to operate a mobile telecommunications company in Singapore.
  • VLeisure Acquisition – In April of 2023, Nusatrip acquired VLeisure, a Ho Chi Minh City, a Vietnam-based online B2B hotel platform.

Society Pass Inc. (Nasdaq: SOPA)'s Travel Platform, NusaTrip, Acquires Vietnam's VLeisure, Marks its First Acquisition Outside of Indonesia

Retrieved on: 
Thursday, April 13, 2023
Online, IATA, Software as a service, IPO, Vietnam National Administration of Tourism, B2B, Marketing, Head, Sopa, OTA, Phan, SEA, B2C, Government, Acquisition, SOPA, Knowledge, Growth, Ecosystem, Tourism, Travel

The VLeisure acquisition extends NusaTrip's base of operations and geographical reach outside of Indonesia for the first time.

Key Points: 
  • The VLeisure acquisition extends NusaTrip's base of operations and geographical reach outside of Indonesia for the first time.
  • Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.
  • The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic.
  • According to Web In Travel, gross bookings in 2025 will reach 94% of the record 2019 levels.

Maxim: Society Pass (Nasdaq: SOPA) Compelling Valuation; 4Q22 EBITDA Beats Forecast; Positive on Organic Growth & M&A

Retrieved on: 
Wednesday, April 5, 2023
Online, OnLive, Telecom, Human, Advertising, Blockchain, Partnership, TMG, EV, Travel, F&B, Contextual advertising, Online food ordering, Sopa, Metric, SEA, Gorilla, EBITDA, Acquisition, DCF, Loyalty, SE, SOPA, Growth, Digital, Ecosystem, Stripe, Social media, Online travel auction, Retail, Online shopping, Airline, Maxim

Click Here ( https://tinyurl.com/3cakppp on Maxim research website) or Here ( https://tinyurl.com/5fh5vnyr on Society Pass website) to view the full Maxim research report.

Key Points: 
  • Click Here ( https://tinyurl.com/3cakppp on Maxim research website) or Here ( https://tinyurl.com/5fh5vnyr on Society Pass website) to view the full Maxim research report.
  • - 4Q22 results highlight early stages of growth - SoPa's 4Q22 revenue of $2.6M increased significantly from $0.4M in the prior year quarter.
  • - Outlook - Maxim narrows its EBITDA loss estimate for 2023, primarily due to factoring in better expense control.
  • - Society Pass is in the early stages of building an SEA e-commerce company with six verticals:
    1) Lifestyle.

Society Pass' (Nasdaq: SOPA) Thoughtful Media Group Launches The Creator Economy in the Indonesian Market

Retrieved on: 
Tuesday, April 4, 2023
Well, Advertising, Business development, TMG, Marketing, F&B, Social commerce, The Co Founder, Beauty, Internet, Connection, SOPA, Ecosystem, Social media, Mobile phone, Media, SEA

- Society Pass officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Indonesian market.

Key Points: 
  • - Society Pass officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Indonesian market.
  • - TMG has integrated More Media into TMGI, a multi-platform advertising service provider connecting content creators and brands in Indonesia.
  • JAKARTA, Apr 4, 2023 - (ACN Newswire) - Society Pass Inc (Nasdaq: SOPA), Southeast Asia (SEA)'s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces the official launch of its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Indonesian market.
  • TMG will introduce its new Indonesia management team and business model at a media presentation in Jakarta on 05 April 2023.

Society Pass Inc. (Nasdaq: SOPA)’s Travel Platform, NusaTrip, Acquires Vietnam’s VLeisure, Marks Its First Acquisition Outside of Indonesia

Retrieved on: 
Thursday, April 13, 2023
Online, IATA, Software as a service, IPO, Vietnam National Administration of Tourism, B2B, Marketing, Internet, Head, Sopa, OTA, Phan, SEA, B2C, Government, Acquisition, SOPA, Knowledge, Growth, Ecosystem, Tourism, Travel

The VLeisure acquisition extends NusaTrip’s base of operations and geographical reach outside of Indonesia for the first time.

Key Points: 
  • The VLeisure acquisition extends NusaTrip’s base of operations and geographical reach outside of Indonesia for the first time.
  • Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.
  • The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic.
  • Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer and NusaTrip Chairman, expounds, “We happily welcome VLeisure into our ever-expanding NusaTrip ecosystem.

Maxim: Society Pass (Nasdaq: SOPA) – Compelling Valuation; 4Q22 EBITDA Beats Forecast; Positive on Organic Growth & M&A

Retrieved on: 
Wednesday, April 5, 2023
Online, OnLive, Telecom, Human, Advertising, Blockchain, Partnership, TMG, EV, Travel, F&B, Contextual advertising, Online food ordering, Sopa, Metric, SEA, Gorilla, EBITDA, Acquisition, DCF, Loyalty, SE, SOPA, Growth, Digital, Ecosystem, Stripe, Social media, Online travel auction, Retail, Pharmaceutical industry, Airline, Maxim

Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.

Key Points: 
  • Click Here (on Maxim research website) or Here (on Society Pass website) to view the full Maxim research report.
  • • 4Q22 results highlight early stages of growth – SoPa’s 4Q22 revenue of $2.6M increased significantly from $0.4M in the prior year quarter.
  • • Outlook – Maxim narrows its EBITDA loss estimate for 2023, primarily due to factoring in better expense control.
  • • Society Pass is in the early stages of building an SEA e-commerce company with six verticals:
    1) Lifestyle.

Society Pass' (Nasdaq: SOPA) Thoughtful Media Group Launches in Vietnam Market, Revolutionizing the Creator Economy with Integrated Marketing Services

Retrieved on: 
Wednesday, March 29, 2023
Online, Fintech, TMG, Sports marketing, Marketing, Premium Brands Holdings Corporation, Blackbird (online platform), SOPA, Growth, Ecosystem, Social, Mobile phone, Creative industries, SEA

- Society Pass officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Vietnamese market.

Key Points: 
  • - Society Pass officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Vietnamese market.
  • After being acquired by SOPA in July 2022, TMG has transformed into a multi-platform integrated advertising platform connecting content creators and brands.
  • With headquarters in Bangkok, Thailand, TMG has expanded its ecosystem of integrated advertising services to include Vietnam and Indonesia.
  • Following its corporate restructuring, TMG has become a fully integrated marketing powerhouse with four core businesses: Online Platforms, Premium Brands, Social-selling, and Sports Marketing.

Society Pass Inc (Nasdaq: SOPA) Reports Compelling 4Q 2022 and FY 2022 Financial Results

Retrieved on: 
Thursday, March 23, 2023
Online, Food, Travel, Telecommunications, Sopa, Digital media, Securities and Exchange Commission (Philippines), SOPA, Growth, Security (finance), Ecosystem, Cryptocurrency, Video game, SEA

https://www.sec.gov/ix?doc=/Archives/edgar/data/1817511/0001607062230001...

Key Points: 
  • https://www.sec.gov/ix?doc=/Archives/edgar/data/1817511/0001607062230001...
    - 4Q 2022 gross profit grew to $673,969 from -$27,328 in 4Q 2021.
  • - 4Q 2022 gross margin percentage improved to 25.5% from -6.5% in 4Q 2021.
  • Raynauld Liang, Society Pass Inc Chief Financial Officer, explains, "Our compelling fourth quarter 2022 and full year 2022 financial results validate our acquisitions-focused business plan here in SEA.
  • For 4Q 2022 and full year 2022, we achieved year on year revenue growth of 530% and 984%, respectively.