Welcome to our dedicated page for Treasure Global news (Ticker: TGL), a resource for investors and traders seeking the latest updates and insights on Treasure Global stock.
Treasure Global Inc (TGL) is a cutting-edge technology solutions provider based in Malaysia, specializing in creating innovative platforms for the e-commerce and payment ecosystem. The company’s flagship product, the ZCITY App, offers a unique online-to-offline business model that provides consumers and merchants with instant rebates and cashback programs, while also delivering seamless e-payment solutions in both digital and physical retail environments. The app leverages advanced AI technology to offer personalized deals based on users' purchase history, location, and preferences, significantly enhancing user engagement and satisfaction.
Treasure Global has recently made significant strides in various sectors. For example, they have expanded into the beauty industry by promoting prestige Korean beauty products in Malaysia and Southeast Asia. This strategic move is expected to capitalize on the growing demand for Korean beauty products, which are projected to see substantial revenue growth in the coming years. Furthermore, the company has secured a strategic partnership that grants them the first right of refusal for an AI Blockchain Wallet, enhancing their competitive edge in the blockchain market and opening new avenues for revenue generation.
In the financial realm, Treasure Global reported promising results for the third quarter of the 2024 fiscal year. The company saw a notable increase in gross profit and a significant reduction in net loss. Additionally, Treasure Global has launched an at-the-market (ATM) offering to secure up to $2.99 million, which will be used to further their strategic initiatives and drive shareholder value.
Treasure Global is also making headway in the blockchain industry with innovative projects like the AI-powered crypto mining service integrated with their MVNO services. This initiative aims to fuse telecommunications and blockchain technology, offering users seamless crypto mining capabilities through their mobile services. This move not only opens a new revenue stream but also solidifies Treasure Global's position as a leader in technology-driven solutions.
Furthermore, the company’s TAZTE platform is transforming the food and beverage (F&B) sector in Malaysia. This digital management system provides merchants with an all-encompassing solution to digitalize their operations, thereby optimizing efficiency and increasing profitability. The platform has already shown significant growth in transactions and user engagement, and its market potential is projected to expand substantially in the coming years.
Overall, Treasure Global Inc continues to demonstrate its commitment to innovation and growth, leveraging advanced technologies to drive success across various industries. For more information, please visit https://treasureglobal.co/.
Treasure Global Inc (NASDAQ: TGL) will report its financial results for Q2 FY2023 on February 15, 2023, before market open. The company is known for its innovative e-commerce solutions, including the ZCITY App, which enhances e-payment experiences and offers rewards. As of December 31, 2022, ZCITY boasts over 2.3 million registered users. A conference call featuring CEO Sam Teo and CFO Jaylvin Chan will take place on the same day at 8:30 a.m. ET. Replay options will be available through March 1, 2023. For investors seeking insights into TGL's performance, these results will be crucial.
Treasure Global Inc (TGL) has entered a Memorandum of Understanding (MOU) with Boost to explore a strategic partnership aimed at enhancing financial solutions for Malaysian SMEs. This collaboration will integrate Boost Credit's digital financing services into TGI's TAZTE program, expanding its merchant network and increasing brand visibility. TGI's CEO, Sam Teo, highlighted the importance of this partnership for enhancing brand awareness and credibility in Southeast Asia, aligning with TGI's strategic growth plan.
Treasure Global Inc (NASDAQ: TGL) reported total revenues of approximately $15.6 million for Q1 2023, a decline from $20.4 million in Q1 2022, primarily due to reduced product and loyalty program revenues. The company launched TAZTE, a digital management system for the food and beverage industry, and secured strategic partnerships, including with iPay88 for enhanced payment solutions. Despite a net loss of approximately $3.7 million, TGL's cash reserves increased to $7.0 million, showing a positive shift in working capital.
Treasure Global Inc (NASDAQ: TGL) announced it will release its fiscal first quarter financial results for the period ending September 30, 2022, on December 20, 2022, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results, featuring CEO Sam Teo and CFO Jaylvin Chan. The call will be available via audio webcast and phone, with a replay accessible until January 3, 2023. Treasure Global is focused on e-commerce solutions and rewards programs, with over 2.3 million registered users on its ZCITY app as of November 30, 2022.
Treasure Global Inc (NASDAQ: TGL) has officially launched TAZTE, a digital food and beverage management system aimed at modernizing the F&B industry in Malaysia. After a successful beta phase, TAZTE is now available to TGI's over 2.3 million ZCITY app users. The system provides automated solutions, including digital menus and e-payments, enhancing operational efficiency for merchants. TAZTE is expected to generate new revenue streams for TGI and improve profit margins while addressing industry inefficiencies. Additional features are set to launch, further improving service functionality.
Treasure Global Inc (NASDAQ: TGL) reported a record revenue of $79.7 million for the fiscal year 2022, marking a 468% year-over-year increase. The company successfully completed its IPO, raising a total of $9.2 million. As of November 30, 2022, ZCITY achieved over 2.3 million registered users and 234,000 monthly active users. Despite significant revenue growth, the net loss for fiscal 2022 was approximately $11.7 million, up from $7.9 million in fiscal 2021. TGL aims to enhance user engagement and expand its presence in Southeast Asia and Japan.
Treasure Global Inc (NASDAQ: TGL) will announce its fiscal year 2022 financial results on December 6, 2022, before market opening. The conference call will start at 8:30 a.m. Eastern Time, featuring CEO Sam Teo and CFO Jaylvin Chan. The company operates a unique e-commerce platform offering seamless payment solutions and rewards programs, aiming to bridge online and offline retail experiences in Southeast Asia and Japan. As of November 30, 2022, the ZCITY app, launched by TGL, has over 2.3 million registered users.
Treasure Global Inc (Nasdaq: TGL) announced it is not in compliance with Nasdaq's periodic filing requirements due to the late submission of its Form 10-Q for the period ending September 30, 2022. This follows a previous notice regarding the delayed filing of its 10-K for the fiscal year ending June 30, 2022. The company has until December 19, 2022, to submit a compliance plan or file the required documents. If accepted, TGL may have until March 27, 2023, to regain compliance. The company continues to work on completing these filings to ensure compliance with Nasdaq regulations.
Treasure Global Inc (NASDAQ: TGL) has launched a campaign through its ZCITY app, allowing users in Malaysia to win six months of free petrol. Running until December 31, 2022, participants must spend a minimum of RM30 on ZCITY e-Vouchers to enter the draw for one of 60 prizes, with 20 winners announced each month. This initiative aims to enhance user engagement, especially during the festive season, supported by multiple payment methods and discounts via Zcoins. With over 2.2 million registered users as of October 31, 2022, TGI continues to focus on expanding its e-commerce platform.
Treasure Global Inc (NASDAQ: TGL) reported significant user growth for its e-commerce app, ZCITY, achieving over 2.2 million registered users and 233,000 monthly active users as of October 31, 2022. The platform's quarterly active users increased by 35% year-over-year as of September 30, 2022, contributing to 3.9 million transactions in the fiscal year 2022. Innovations like e-vouchers and the Group Buy feature aim to enhance user engagement. CEO Sam Teo highlighted the effectiveness of the strategic marketing plan in driving user traffic and sales.
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