Treasure Global Reports First Quarter Fiscal Year 2024 Results
NEW YORK and KUALA LUMPUR, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGL,” or the “Company”), an innovative technology solutions provider, today reported its financial results for the first quarter of fiscal 2024 ended September 30, 2023, and provided a business update.
- A total of 1.33 million transactions were transacted by our registered users over the first quarter and quarter to date for fiscal year 2024.
- Total revenues for the first quarter ended September 30, 2023, were $13.5 million, compared with $15.6 million for the first quarter in 2023.
- Gross profit for the first quarter 2024 was approximately $0.16 million, a 338% improvement year-on-year, from approximately $0.04 million for the first quarter 2023.
- Net loss of approximately $2.1 million for the first quarter of 2024, compared to $3.7 million for the first quarter of 2023.