Sopa

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

Retrieved on: 
Thursday, March 23, 2023

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.

Society Pass (Nasdaq: SOPA) Reports Compelling 4Q 2022 and FY 2022 Financial Results; Recognises 530% Year on Year Revenue Growth for 4Q 2022; Recognises 984% Year on Year Revenue Growth for FY 2022; Forecasts Path to Profitability in 2023

Retrieved on: 
Thursday, March 23, 2023

• 4Q 2022 gross profit grew to $673,969 from -$27,328 in 4Q 2021.

Key Points: 
  • • 4Q 2022 gross profit grew to $673,969 from -$27,328 in 4Q 2021.
  • • Full year 2022 gross profit grew to $966,973 from -$190,798 in full year 2021.
  • For 4Q 2022 and full year 2022, we achieved year on year revenue growth of 530% and 984%, respectively.
  • As a result, our management team forecasts achieving profitability in 2H 2023, which is a year earlier than our prior forecasts of 2H 2024.”

Think Equity: Society Pass (Nasdaq: SOPA) - Path to Profitability

Retrieved on: 
Tuesday, March 14, 2023

NEW YORK, Mar 14, 2023 - (ACN Newswire) - Think Equity, LLC ("Think Equity") issues research report on Society Pass Inc. (Nasdaq: SOPA) ("SoPa"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Key Points: 
  • NEW YORK, Mar 14, 2023 - (ACN Newswire) - Think Equity, LLC ("Think Equity") issues research report on Society Pass Inc. (Nasdaq: SOPA) ("SoPa"), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.
  • Click Here (on Society Pass website) to view the full Think Equity research report.
  • https://thesocietypass.com/wp-content/uploads/2022/09/ThinkEquity_Societ...
    - Path to Profitability - Revenues are forecast to grow from $6 million in 2022 to $42 million in 2023.
  • - Travel - With NusaTrip acquisition, Society Pass has on-boarded a total of 3.3 million registered users and over 200,000 registered merchants.

Society Pass Inc. (Nasdaq: SOPA)'s NusaTrip Continues Expansion in Southeast Asia (SEA), Extending Services to Vietnam

Retrieved on: 
Monday, March 6, 2023

According to ASEANFocus, 16 million international tourists and 80 million domestic travelers are projected to spend US$34 billion total travel revenue from 2024 to 2026.

Key Points: 
  • According to ASEANFocus, 16 million international tourists and 80 million domestic travelers are projected to spend US$34 billion total travel revenue from 2024 to 2026.
  • In addition, Civil Aviation Authority of Vietnam also expects a full travel recovery by December 2023 with around 34 million passengers from Vietnam expected to travel internationally, tripling the travel volume from 2022.
  • As recovery continues, we are optimistic towards the market in Vietnam", explained Ngo Thi Cham, Society Pass Vietnam Country Manager.
  • Last year, Society Pass acquired NusaTrip, a Jakarta-based online travel agency to foray into the travel business in SEA.

Institutional Analyst: Our #1 Internet Company, Society Pass (Nasdaq: SOPA), Holds Appeal for Both Traders and Long-Term Investors

Retrieved on: 
Tuesday, February 28, 2023

• Underfollowed – At $1.00 currently, Society Pass has a market value of $28 million with only 28 million shares outstanding.

Key Points: 
  • • Underfollowed – At $1.00 currently, Society Pass has a market value of $28 million with only 28 million shares outstanding.
  • While we consider Society Pass to be under-followed, by no means is it un-followed.
  • There are four Wall Street firms that have initiated coverage with lengthy research reports, totaling over 70 pages, including this report.
  • • Scaleable Sector Offering 100X Growth Potential – There are very few limitations to the scalabilty of the Society Pass business plan.

Institutional Analyst: Our Number #1 Internet Company, Society Pass (Nasdaq: SOPA), Holds Appeal for Both Traders and Long-Term Investors

Retrieved on: 
Tuesday, February 28, 2023

- Underfollowed - At $1.00 currently, Society Pass has a market value of $28 million with only 28 million shares outstanding.

Key Points: 
  • - Underfollowed - At $1.00 currently, Society Pass has a market value of $28 million with only 28 million shares outstanding.
  • While we consider Society Pass to be under-followed, by no means is it un-followed.
  • There are four Wall Street firms that have initiated coverage with lengthy research reports, totaling over 70 pages, including this report.
  • - Scaleable Sector Offering 100X Growth Potential - There are very few limitations to the scalabilty of the Society Pass business plan.

Dennis Nguyen, Founder/Chairman/CEO of Nasdaq-listed Society Pass Inc (Nasdaq: SOPA) to Speak at NXT CX Summit Indonesia in Jakarta

Retrieved on: 
Monday, February 20, 2023

The title of the conference is "Holistic Approach to Indonesia's Customer Transformation."

Key Points: 
  • The title of the conference is "Holistic Approach to Indonesia's Customer Transformation."
  • Mr. Nguyen is the Founder, Chairman and CEO of SoPa.
  • SoPa aims to transform the entire retail value chain towards a more digital future in SEA with SoPa's first-in-class loyalty, fintech and e-commerce ecosystem.
  • During the conference, Mr. Nguyen will talk about "Society Pass: Building the Next Generation Digital Ecosystem in Southeast Asia" at 10:45 am on Wednesday, 22 Feb 2023.

Dennis Nguyen, Founder/Chairman/CEO of Nasdaq-listed Society Pass Inc. (Nasdaq: SOPA) to Speak at NXT CX Summit Indonesia in Jakarta

Retrieved on: 
Monday, February 20, 2023

The title of the conference is “Holistic Approach to Indonesia’s Customer Transformation.”

Key Points: 
  • The title of the conference is “Holistic Approach to Indonesia’s Customer Transformation.”
    Mr. Nguyen is the Founder, Chairman and CEO of SoPa.
  • He founded Society Pass in 2018 and led the company to its historical initial public offering on Nasdaq in November 2021, being the first Vietnam-based company to complete a traditional IPO outside of Vietnam.
  • SoPa aims to ​​transform the entire retail value chain towards a more digital future in SEA with SoPa’s first-in-class loyalty, fintech and e-commerce ecosystem.
  • During the conference, Mr. Nguyen will talk about “Society Pass: Building the Next Generation Digital Ecosystem in Southeast Asia” at 10:45 am on Wednesday, 22 Feb 2023.

Society Pass (Nasdaq: SOPA) Engages ThinkEquity to Facilitate Stock Repurchase Program of Up to US$2 Million Commencing on 01 February 2023

Retrieved on: 
Wednesday, February 1, 2023

NEW YORK, NY, Feb. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated ("SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that its Board of Directors has approved a stock repurchase program authorising the repurchase of up to US$2 million of its common stock, commencing on 01 February 2023.

Key Points: 
  • NEW YORK, NY, Feb. 01, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated ("SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that its Board of Directors has approved a stock repurchase program authorising the repurchase of up to US$2 million of its common stock, commencing on 01 February 2023.
  • Dennis Nguyen, Founder, Chairman and Chief Executive Officer, comments, “We are pleased to announce the approval of this share repurchase program, providing us with a significant tool to generate shareholder value.
  • As of 31 December 2022, SoPa has approximately US$19 mn of cash and zero long-term debt.
  • The Company had approximately 26.6 million shares outstanding as of 20 January 2023.

Institutional Analyst: Society Pass (Nasdaq: SOPA) – Acquiring and Incubating Startups in the Heart of the Asian Silicon Valley

Retrieved on: 
Tuesday, January 24, 2023

• Southeast Asia: The Asian Silicon Valley – SEA, including Indonesia, Philippines, Singapore, Thailand, and VietNam much like Northern CA, is widely known for having 100’s of thousands of well-educated, technology-savvy entrepreneurs.

Key Points: 
  • • Southeast Asia: The Asian Silicon Valley – SEA, including Indonesia, Philippines, Singapore, Thailand, and VietNam much like Northern CA, is widely known for having 100’s of thousands of well-educated, technology-savvy entrepreneurs.
  • In sum, there are thousands of companies that could potentially be acquired, partially acquired, or incubated by Society Pass to generate shareholder value.
  • It’s worthy to note Mr. Nguyen controls 7.7 million shares and has voting control of over 70% of the shares.
  • Things that if ignored, can and often do later crush the dreams of even the most talented technology start-up founder.