Welcome to our dedicated page for Society Pass Incorporated news (Ticker: SOPA), a resource for investors and traders seeking the latest updates and insights on Society Pass Incorporated stock.
Society Pass Incorporated (SOPA) operates a data-driven e-commerce ecosystem across Southeast Asia, integrating AI-powered digital marketing, merchant services, and lifestyle platforms. This page provides investors and industry observers with centralized access to the company's latest developments.
Track official press releases, financial updates, and strategic announcements covering acquisitions, partnerships, technology innovations, and market expansion initiatives. Our curated news collection helps stakeholders monitor SOPA's progress in key sectors including online grocery delivery, travel reservations, and merchant POS solutions.
Discover how SOPA leverages its AI cognitive analytics to enhance consumer experiences and merchant value across six operational segments. Bookmark this page for timely updates on the company's evolving role in Southeast Asia's digital transformation.
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NusaTrip (Nasdaq: SOPA) announces a strategic partnership with VNTravel to supply regional and international flights and hotels to Vietnamese customers. VNTravel, the leading travel technology company in Vietnam, offers over 30,000 premium accommodation options and partners with more than 200 global airlines. With Vietnam's tourism sector expecting 8% YOY growth until 2027, the partnership enables NusaTrip customers to explore the best travel offers to and from Vietnam, while empowering customers in Vietnam to transact with NusaTrip with ease and convenience.
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Society Pass Inc. (SOPA) has been granted an extension by NASDAQ until 20 May 2024 to regain compliance with the minimum $1.00 per share bid price requirement. The company remains committed to executing its strategic initiatives and delivering value to its shareholders.
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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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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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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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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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SoPa (Nasdaq: SOPA) - NusaTrip Announces Strategic Partnership with Jun Wei to Enhance Travel Options in SEA and China
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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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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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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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Society Pass Incorporated
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