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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財年二季報
美股SEC公告 ·  2024/08/20 04:10

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Society Pass reported Q2 2024 revenue of $1.71M, down from $2.19M in Q2 2023, as digital marketing growth was offset by weakness in travel and e-commerce segments. Gross profit reached $464,305 with a 27% margin, while net loss narrowed to $1.94M from $3.31M year-over-year, driven by effective cost controls.Digital marketing revenue grew to $1.53M, representing over 56% of total revenue, while online ticketing revenue declined to $177,033 due to platform system upgrades. The company maintained strong cost discipline with general and administrative expenses decreasing significantly to $2.46M from $3.88M in Q2 2023.As of June 30, 2024, Society Pass held cash and equivalents of $887,837, with total assets of $13.02M. The company continues to focus on its digital marketing and loyalty platform strategy across Southeast Asia while streamlining operations, having ceased local mobile data services to concentrate on overseas internet data services.
Society Pass reported Q2 2024 revenue of $1.71M, down from $2.19M in Q2 2023, as digital marketing growth was offset by weakness in travel and e-commerce segments. Gross profit reached $464,305 with a 27% margin, while net loss narrowed to $1.94M from $3.31M year-over-year, driven by effective cost controls.Digital marketing revenue grew to $1.53M, representing over 56% of total revenue, while online ticketing revenue declined to $177,033 due to platform system upgrades. The company maintained strong cost discipline with general and administrative expenses decreasing significantly to $2.46M from $3.88M in Q2 2023.As of June 30, 2024, Society Pass held cash and equivalents of $887,837, with total assets of $13.02M. The company continues to focus on its digital marketing and loyalty platform strategy across Southeast Asia while streamlining operations, having ceased local mobile data services to concentrate on overseas internet data services.
社會通道報告2024年第二季度的營業收入爲171萬美元,低於2023年第二季度的219萬美元,因爲數字營銷的增長被旅遊和電子商務領域的疲軟所抵消。毛利潤達到464,305美元,毛利率爲27%,而淨虧損則從去年的331萬美元收窄至194萬美元,得益於有效的成本控制。數字營銷的營業收入增長至153萬美元,佔總收入的56%以上,而在線票務收入因平台系統升級下降至177,033美元。公司保持了嚴格的成本管理,總務和行政費用顯著減少至246萬美元,低於2023年第二季度的388萬美元。截至2024年6月30日,社會通道持有現金及現金等價物887,837美元,總資產爲1302萬美元。公司繼續專注於在東南亞的數字營銷和忠誠度平台策略,同時精簡運營,已停止本地移動數據服務,以專注於境外Internet Plus-related數據服務。
社會通道報告2024年第二季度的營業收入爲171萬美元,低於2023年第二季度的219萬美元,因爲數字營銷的增長被旅遊和電子商務領域的疲軟所抵消。毛利潤達到464,305美元,毛利率爲27%,而淨虧損則從去年的331萬美元收窄至194萬美元,得益於有效的成本控制。數字營銷的營業收入增長至153萬美元,佔總收入的56%以上,而在線票務收入因平台系統升級下降至177,033美元。公司保持了嚴格的成本管理,總務和行政費用顯著減少至246萬美元,低於2023年第二季度的388萬美元。截至2024年6月30日,社會通道持有現金及現金等價物887,837美元,總資產爲1302萬美元。公司繼續專注於在東南亞的數字營銷和忠誠度平台策略,同時精簡運營,已停止本地移動數據服務,以專注於境外Internet Plus-related數據服務。
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