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Treasure Global | 10-K: FY2024 Annual Report

Treasure Global | 10-K: FY2024 Annual Report

Treasure Global | 10-K:2024财年年报
美股SEC公告 ·  2024/10/01 04:37

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Treasure Global Inc reported fiscal year 2024 revenue of $22.1 million, down 68.2% from $69.4 million in FY2023, while gross profit increased 56% to $0.8 million. The decline in revenue was primarily attributed to reduced spending on customer rewards and marketing campaigns as part of strategic cost optimization efforts. Gross margin improved to 3.7% from 0.8% in the prior year.The company continued expanding its digital ecosystem through strategic partnerships and technology investments, including AI software development agreements and the launch of new payment solutions. Operating expenses decreased significantly, with selling expenses down 62.7% to $1.8 million and general administrative expenses reduced by 3.4% to $4.5 million, reflecting improved operational efficiency.Looking ahead, Treasure Global is focusing on enhancing its ZCITY platform capabilities while maintaining cost discipline. The company had $0.2 million in cash as of June 30, 2024, and raised additional capital through share issuances. Management acknowledged going concern risks and is pursuing equity financing and strategic partnerships to strengthen its financial position.
Treasure Global Inc reported fiscal year 2024 revenue of $22.1 million, down 68.2% from $69.4 million in FY2023, while gross profit increased 56% to $0.8 million. The decline in revenue was primarily attributed to reduced spending on customer rewards and marketing campaigns as part of strategic cost optimization efforts. Gross margin improved to 3.7% from 0.8% in the prior year.The company continued expanding its digital ecosystem through strategic partnerships and technology investments, including AI software development agreements and the launch of new payment solutions. Operating expenses decreased significantly, with selling expenses down 62.7% to $1.8 million and general administrative expenses reduced by 3.4% to $4.5 million, reflecting improved operational efficiency.Looking ahead, Treasure Global is focusing on enhancing its ZCITY platform capabilities while maintaining cost discipline. The company had $0.2 million in cash as of June 30, 2024, and raised additional capital through share issuances. Management acknowledged going concern risks and is pursuing equity financing and strategic partnerships to strengthen its financial position.
Treasure Global Inc报告2024财年的营业收入为2210万美元,比2023财年的6940万美元下降了68.2%,毛利润增长56%至80万美元。营业收入下降主要归因于在战略成本优化努力中减少了客户奖励和营销活动的支出。毛利率从上年的0.8%改善至3.7%。公司通过战略合作伙伴关系和科技投资持续扩展其数字生态系统,包括人工智能软件开发协议以及新支付解决方案的推出。营业费用显著降低,销售费用下降62.7%至180万美元,一般管理费用减少3.4%至450万美元,反映出运营效率的改善。展望未来,Treasure Global专注于提升其ZCITY平台的能力,同时保持成本控制。截至2024年6月30日,公司现金为20万美元,并通过发行股份筹集了额外资金。管理层承认存在持续经营风险,并正在寻求股权融资和战略合作伙伴关系以加强其财务状况。
Treasure Global Inc报告2024财年的营业收入为2210万美元,比2023财年的6940万美元下降了68.2%,毛利润增长56%至80万美元。营业收入下降主要归因于在战略成本优化努力中减少了客户奖励和营销活动的支出。毛利率从上年的0.8%改善至3.7%。公司通过战略合作伙伴关系和科技投资持续扩展其数字生态系统,包括人工智能软件开发协议以及新支付解决方案的推出。营业费用显著降低,销售费用下降62.7%至180万美元,一般管理费用减少3.4%至450万美元,反映出运营效率的改善。展望未来,Treasure Global专注于提升其ZCITY平台的能力,同时保持成本控制。截至2024年6月30日,公司现金为20万美元,并通过发行股份筹集了额外资金。管理层承认存在持续经营风险,并正在寻求股权融资和战略合作伙伴关系以加强其财务状况。
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