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Society Pass | 10-Q: Q2 2024 Earnings Report

Society Pass | 10-Q: Q2 2024 Earnings Report

Society Pass | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/20 05:10

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Society Pass reported Q2 2024 revenue of $1.71 million, down from $2.19 million in Q2 2023. Net loss narrowed to $1.94 million from $3.31 million year-over-year. The decrease in revenue was primarily due to lower sales in the travel and e-commerce segments.General and administrative expenses decreased significantly to $2.46 million from $3.88 million in Q2 2023, reflecting effective cost control measures. The company's gross profit margin improved slightly to 27% from 26% last year. Digital marketing remained the largest revenue contributor at $1.53 million.As of June 30, 2024, Society Pass had $833,937 in cash and cash equivalents. The company believes it has sufficient liquidity to fund current operations for at least one year, but continues to evaluate potential funding alternatives to support business development and growth strategies.
Society Pass reported Q2 2024 revenue of $1.71 million, down from $2.19 million in Q2 2023. Net loss narrowed to $1.94 million from $3.31 million year-over-year. The decrease in revenue was primarily due to lower sales in the travel and e-commerce segments.General and administrative expenses decreased significantly to $2.46 million from $3.88 million in Q2 2023, reflecting effective cost control measures. The company's gross profit margin improved slightly to 27% from 26% last year. Digital marketing remained the largest revenue contributor at $1.53 million.As of June 30, 2024, Society Pass had $833,937 in cash and cash equivalents. The company believes it has sufficient liquidity to fund current operations for at least one year, but continues to evaluate potential funding alternatives to support business development and growth strategies.
社会通行证报告2024年第二季度营业收入为171万美元,较2023年第二季度的219万美元下降。净亏损从去年的331万美元缩小至194万美元。营业收入的下降主要是由于旅行和电子商务部门的销售减少。一般和行政费用显著下降至246万美元,较2023年第二季度的388万美元有所减少,反映出有效的成本控制措施。公司的毛利润率轻微改善,从去年的26%上升至27%。数字营销仍然是最大的营业收入来源,为153万美元。截至2024年6月30日,社会通行证拥有833,937美元的现金及现金等价物。公司认为,它拥有足够的流动性来资助当前的运营,至少可以持续一年,但仍在评估潜在的资金替代方案,以支持业务发展和增长策略。
社会通行证报告2024年第二季度营业收入为171万美元,较2023年第二季度的219万美元下降。净亏损从去年的331万美元缩小至194万美元。营业收入的下降主要是由于旅行和电子商务部门的销售减少。一般和行政费用显著下降至246万美元,较2023年第二季度的388万美元有所减少,反映出有效的成本控制措施。公司的毛利润率轻微改善,从去年的26%上升至27%。数字营销仍然是最大的营业收入来源,为153万美元。截至2024年6月30日,社会通行证拥有833,937美元的现金及现金等价物。公司认为,它拥有足够的流动性来资助当前的运营,至少可以持续一年,但仍在评估潜在的资金替代方案,以支持业务发展和增长策略。
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