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Society Pass Inc. (SOPA) announces Maxim Group LLC's equity research update, highlighting SOPA's low EV/revenue multiple, 3Q23 results beating estimates, positive outlook on expanding businesses geographically, and strong balance sheet with $8.2M unrestricted cash.
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End-of-Day
1.85%
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Society Pass Inc. (SOPA) announces that Greenridge Global LLC has issued an equity research update. The 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%. Third Quarter 2023 results show a 10.6% improvement in Revenue from the year ago period, with the bulk of the Revenue coming from Thoughtful Media and NusaTrip. The partnership with Guangzhou Junwei International Travel Service Co. Ltd creates new opportunities for NusaTrip in the SEA region.
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12.03%
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Society Pass Incorporated (Nasdaq: SOPA) announces unaudited financial results for the third quarter ended 30 September 2023 and filing of its 3Q 2023 Form 10-Q with the SEC. The company reported cash on hand of $8.2 million, 9 months 2023 revenues grew 117.0% year on year, and gross profit margin improved to 28.1% in 9 months 2023. SoPa operates in digital advertising, travel, lifestyle, fintech/loyalty, and telecoms in five SEA countries, employing approximately 200 people. The CEO forecasts profitability for its main subsidiaries in 2023 and expects significant revenue generation through the SoPa Loyalty App and spinning out its main subsidiaries.
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-0.35%
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Society Pass Incorporated (Nasdaq: SOPA) requests an additional 180 days to comply with Nasdaq's minimum bid price requirement. The company believes it meets all other listing requirements.
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End-of-Day
-0.7%
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SoPa (Nasdaq: SOPA) - NusaTrip Announces Strategic Partnership with Jun Wei to Enhance Travel Options in SEA and China
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End-of-Day
-5.42%
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Greenridge Global LLC has initiated equity research coverage on Society Pass Inc. (Nasdaq: SOPA), Southeast Asia's next generation loyalty, fintech, and e-commerce ecosystem.
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-7.2%
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Society Pass Incorporated (Nasdaq: SOPA) has received the Enterprise Asia’s 2023 “Fast Enterprise Award for E-Commerce” award. The award ceremony was held on October 5, 2023, in Ho Chi Minh City, Vietnam. The award recognizes entrepreneurial excellence in the Asia Pacific region and honors business leaders and organizations that have shown outstanding performance and social responsibility. Tan Yee Siong, CFO of SoPa, expressed pride in receiving the award and highlighted the company's investment in recruitment, training, and best practices. Kevin Vong, Executive Director of Enterprise Asia, congratulated SoPa for being selected as the winner in the e-Commerce Industry category.
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-6.23%
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Thoughtful Media Group Inc announces sponsorship of local live music events in Southeast Asia, creating marketing opportunities for advertisers. The first concert is set to launch in Jakarta in 4Q 2023, with a focus on local musicians. TMG aims to reach over 2.5 million people in the next year, providing significant sponsorship opportunities for advertisers and influencers. The projected annual earnings from these concerts is $680K.
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Rhea-AI Sentiment
End-of-Day
6.67%
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Thoughtful Media Group Inc announces the launch of a new MediaGram partnership with Indonesian actor and producer Chicco Jerihko to develop an online fitness community in Indonesia.
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Society Pass Inc. enters into a structured financing agreement with Strattners FZCO for an equity line of credit.
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32.96%
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Society Pass Incorporated
Nasdaq:SOPA
SOPA Rankings
SOPA Stock Data
4.56M
21.33M
32.64%
4%
0.87%
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About SOPA
a lifestyle application, powered by ai cognitive analytics technology, sitting at the nexus between consumers and merchants in southeast asia, the society pass transforms business models by: 1. brokering transactions for consumers by through a wide array of value-enhancing and time-saving products and services; and 2. monetizing data for platform partners.