Sopa

Ascendiant Capital Markets: Society Pass Inc (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher

Retrieved on: 
Monday, August 21, 2023
Urbanization, High, International, Kid, Capital market, Authorization, Sopa, Research, BUY, The Company, NPV, SOPA, Ecosystem, The Story I Am About to Tell, Population growth, Financial services, Online shopping, SEA, Woman

Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.

Key Points: 
  • Click Here (on Society Pass website) or Here (on Ascendiant Capital Markets website) to view the full Ascendiant Capital Markets Equity Research Report.
  • - Strong 2Q 2023 Revenue Growth: SoPa reported its quarterly financial results on 10 August with 2Q 2023 revenues totaling $2.2 million, representing a 338% y-o-y.
  • Ascendiant notes that Inetindo's annual revenue of ~$30 million will be a significant contributor to Society Pass results going forward.
  • - Significant 2023 Revenue Growth and Expected Cash Profitability in 2H 2023: SoPa stated that 2023 revenue run rate can be $60 - 100 million and it expects to reach cash profitability sometime in 2H 2023.

Society Pass Inc (Nasdaq: SOPA)/Thoughtful Media Group Inc. Enters Philippines Market and Launches Creator Economy Focused Advertising Platform

Retrieved on: 
Wednesday, August 16, 2023
Well, MCN, Advertising, TMG, Noli de Castro, Marketing, Metro Manila, Internet, Sopa, Social commerce, Social media, Gushcloud International, Internet access, SOPA, Ecosystem, Video game, SEA

SoPa officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Philippines market.

Key Points: 
  • SoPa officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Philippines market.
  • TMG will present its Philippines executive team and disruptive influencer advertising business model at a media presentation in Manila on Thursday, 17 August 2023.
  • MANILA, Aug. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Incorporated (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the official launch of its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Philippines market.
  • TMG Philippines will offer premium branded campaigns, MCN, sports marketing and e-sports verticals and we look forward to serving the creator and advertiser communities.”

Society Pass Inc (Nasdaq: SOPA)/Thoughtful Media Group Inc Enters Philippines Market and Launches Creator Economy Focused Advertising Platform

Retrieved on: 
Wednesday, August 16, 2023
Well, MCN, Advertising, TMG, Noli de Castro, Marketing, Metro Manila, Internet, Sopa, Social commerce, Social media, Gushcloud International, Internet access, SOPA, Ecosystem, Creative industries, Video game, SEA

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

Key Points: 
  • - SoPa officially launches Thoughtful Media Group (TMG), the leading digital advertising platform in Southeast Asia, in the Philippines market.
  • - TMG will present its Philippines executive team and disruptive influencer advertising business model at a media presentation in Manila on Thursday, 17 August 2023.
  • MANILA, Aug 16, 2023 - (ACN Newswire) - Society Pass Incorporated (Nasdaq: SOPA) ("SoPa"), Southeast Asia (SEA)'s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the official launch of its digital advertising platform, Thoughtful Media Group Inc (TMG), in the Philippines market.
  • I look forward to seeing Billy and his team create the most unique and powerful advertising platform here in Philippines".

Maxim: Society Pass (Nasdaq: SOPA) - Compelling Valuation; Positive on Organic Growth & M&A; Raises Revenue Targets for 2023 and 2024

Retrieved on: 
Monday, August 14, 2023
Human, Travel, EV, F&B, Sopa, SEA, EBITDA, Acquisition, Theosophical Society Point Loma - Blavatskyhouse, DCF, Loyalty, Apple, SOPA, Ecosystem, Retail, Maxim

Click Here ( https://tinyurl.com/2baz2xsm on Maxim research website) or Here (https://tinyurl.com/y3k9c5dn on Society Pass website) to view the full Maxim research report.

Key Points: 
  • Click Here ( https://tinyurl.com/2baz2xsm on Maxim research website) or Here (https://tinyurl.com/y3k9c5dn on Society Pass website) to view the full Maxim research report.
  • Specifically, Maxim believes Thoughtful Media can market the company's other brands and the lifestyle business can be expanded geographically.
  • SOPA trades at an EV/revenue multiple of 0.1x Maxim's 2024 revenue estimate vs. the peer average of 2.4x.
  • Maxim's positive outlook is supported by the attractive SEA markets and opportunities to consolidate smaller companies.

Society Pass Inc's (Nasdaq: SOPA) 2Q/1H 2023 Financial Results Illustrate Continuing Breakneck Revenue Growth and Exceptional Profit Margin Expansion; Confidently Forecasts Achieving Cash Profitability in 2H 2023

Retrieved on: 
Thursday, August 10, 2023
KOL, Travel, Telecommunications, Sopa, Food, Acquisition, Royal Navy Recognised Sea Scouts, SOPA, Security (finance), Ecosystem, Beauty salon, Cryptocurrency, Video game, Music, SEA, Coaltar of the Deepers, Apple

- While 1H 2023 revenues grew 348.0% year on year, 1H 2023 cash operating expenses declined 28.0% year on year (from $7,864,068 in 1H 2022 to $5,663,264 in 1H 2023).

Key Points: 
  • - While 1H 2023 revenues grew 348.0% year on year, 1H 2023 cash operating expenses declined 28.0% year on year (from $7,864,068 in 1H 2022 to $5,663,264 in 1H 2023).
  • - While 2Q 2023 revenues grew 338.3% year on year, 2Q 2023 cash operating expenses declined 51.9% year on year (from $4,891,352 in 2Q 2022 to $2,350,345 in 2Q 2023).
  • - While 2Q 2023 revenues grew 7.1% quarter on quarter, 2Q 2023 cash operating expenses declined 29.1% quarter on quarter (from $3,312,918 in 1Q 2023 to $2,350,345 in 2Q 2023).
  • With the continuing performance in our three big verticals, we confidently project attaining cash profitability sometime in 2H 2023."

Society Pass Inc (Nasdaq: SOPA) Announces Payments Partnership with 2C2P to Enhance the Online Shopping Experience in Southeast Asia

Retrieved on: 
Friday, August 4, 2023
IDC, Insurance, Partnership, Travel, F&B, Sopa, BNPL, Alipay, Touch 'n Go eWallet, QR, GCash, SOPA, Growth, Ecosystem, Online shopping, Cryptocurrency, SEA, Somatosensory system

2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets.

Key Points: 
  • 2C2P operates payment services in eight markets across Asia and supports over 250 payment options, from cards to cash to e-wallets.
  • Over the years, 2C2P has established and nurtured an extensive network of partners globally, adhering to local and international regulatory compliance standards.
  • Mr. Sidlauskas added, "In partnering with 2C2P, we automatically increase the potential customer-base within Southeast Asia by millions of potential users.
  • Rachelle Alexis Lim, Executive Director of 2C2P, said, "As we embark on this strategic partnership with Society Pass, we look forward to enhancing the payments experience of SOPA's consumers across SEA.

Society Pass Inc's (Nasdaq: SOPA) Travel Subsidiary, NusaTrip Inc, Acquires IATA-licensed Vietnam International Travel and Service JSC; Acquisition Adds Approximately US$2 million in GMV to NusaTrip Revenue Base

Retrieved on: 
Thursday, July 20, 2023
IATA, Travel, VIT, Sopa, World Bank Group, Service, World Bank, Acquisition, SOPA, Ecosystem, Tourism, SEA

NusaTrip previously acquired VLeisure, Vietnam's leading provider of hotel management and payment solutions, in April 2023.

Key Points: 
  • NusaTrip previously acquired VLeisure, Vietnam's leading provider of hotel management and payment solutions, in April 2023.
  • Patrick Soetanto, NusaTrip CEO, comments on the acquisition, "VIT is the first IATA-licensed travel acquisition we have made outside of Indonesia.
  • Founded in Vietnam since 2016, VIT operates inbound and outbound ticketing businesses targeted at corporate and travel tour segments.
  • I am proud to sell VIT to NusaTrip as I know NusaTrip will greatly expand VIT's business here in Vietnam.

Ascendiant Capital Markets: Initiation of Research Coverage for Society Pass Inc (Nasdaq: SOPA) - US$ Billion Market Potential Due to Fast Growing Online Platform in Attractive Southeast Asia Markets

Retrieved on: 
Wednesday, July 12, 2023
Urbanization, Fintech, Media Group, TMG, Kid, Capital market, Sopa, Bag, Research, SEA, BUY, The Company, NPV, Acquisition, SOPA, Digital, Ecosystem, Population growth, Online shopping, Travel, Woman

NEW YORK, July 12, 2023 - (ACN Newswire) - Ascendiant Capital Markets LLC ("Ascendiant") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company").

Key Points: 
  • NEW YORK, July 12, 2023 - (ACN Newswire) - Ascendiant Capital Markets LLC ("Ascendiant") initiates equity research coverage on Society Pass Inc. (Nasdaq: SOPA) ("SoPa" or the "Company").
  • Click Here (on Society Pass website https://thesocietypass.com/wp-content/uploads/AscendiantCapitalMarkets_I... ) or Here (on Ascendiant Capital Markets website https://ascendiant.com/research-reports/company/society-pass-incorporated/) to view the full Ascendiant Capital Markets Equity Research Report.
  • - Initiation of research coverage: SOPA is building the next generation, data-driven, fintech, and e-commerce digital platform in Southeast Asia ("SEA").
  • - US$ billion market potential: Ascendiant believes growth prospects drive approximate billion dollars market potential.

Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia's PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World's 4th Most Populous Economy; Acquisition Onboards Approximately US$30 m

Retrieved on: 
Friday, July 7, 2023
Nextgen, Authorization, Electronics, Sopa, OECD, ASX, Australian Securities Exchange, COVID, Cyprus Securities and Exchange Commission, AUD, Acquisition, GDP, Apple, SOPA, Growth, City, Ecosystem, The Story I Am About to Tell, Online shopping, Cryptocurrency, Retail, SEA

Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.

Key Points: 
  • Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.
  • Operating in Indonesia since 2010, Inetindo employs approximately 300 employees and operates 26 "Story-I" branded Apple stores in 9 cities across Indonesia.
  • I wish Society Pass and NextGen Retail the best of luck as they take over a strong brand in Indonesia.
  • Loic Gautier, CEO of NextGen Retail Inc, explains the acquisition's rationale, "The Story-I acquisition is the natural evolution of our Leflair Vietnam business.

Society Pass (Nasdaq: SOPA) to Formally Introduce Society Pass Loyalty App at Launch Party in Singapore on Wednesday, 28 June 2023

Retrieved on: 
Thursday, June 22, 2023
Collyer Quay, Fintech, Friends, Clifford Pier, Sopa, Telephone numbers in Hungary, SEA, Theosophical Society Point Loma - Blavatskyhouse, SOPA, Ecosystem, Online shopping

SINGAPORE, June 22, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will formally introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party to be held at Clifford Pier, 80 Collyer Quay, Singapore 049326 at 6 pm on Wednesday, 28 June 2023.

Key Points: 
  • SINGAPORE, June 22, 2023 - (ACN Newswire) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it will formally introduce its universal loyalty application, Society Pass Loyalty Wallet, at a launch party to be held at Clifford Pier, 80 Collyer Quay, Singapore 049326 at 6 pm on Wednesday, 28 June 2023.
  • In particular, guests will witness SoPa Loyalty App seamless integration with Nusatrip.com, Indonesia's oldest online travel agency, and Gorilla.Global, Society Pass' travel telecoms company.
  • By 4Q 2023, SoPa expects to connect of all of its subsidiaries within its ecosystem to the SOPA Loyalty App, enabling an unparalleled shopping experience for its 3.3 million registered consumers and 650,000 registered merchants.
  • SoPa Loyalty App offers a wide range of options: gamification, badges, tiers, birthday surprises, and early access privileges.