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Society Pass | 10-Q: Q3 2024 Earnings Report

Society Pass | 10-Q: Q3 2024 Earnings Report

Society Pass | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/15 06:29

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Society Pass reported Q3 2024 revenue of $1.68 million, down 26% from $2.27 million in Q3 2023, with digital marketing and online ticketing segments driving the decline. Gross profit decreased to $366,000 from $563,000, while gross margin contracted to 22% from 28% year-over-year due to lower profit margins across all business segments.The company significantly reduced its operating expenses to $1.54 million from $4.71 million in Q3 2023, primarily through cost control improvements and marketing strategy redesign. Sales and marketing expenses decreased to $40,263 from $236,874, while general and administrative expenses declined to $1.49 million from $4.46 million year-over-year.Net loss narrowed to $1.38 million from $3.92 million in Q3 2023, reflecting the company's effective cost management initiatives. As of September 30, 2024, Society Pass maintained a cash position of $4.27 million and total assets of $16.98 million, with the company focusing on growing its digital marketing and online ticketing businesses while scaling back food delivery operations.
Society Pass reported Q3 2024 revenue of $1.68 million, down 26% from $2.27 million in Q3 2023, with digital marketing and online ticketing segments driving the decline. Gross profit decreased to $366,000 from $563,000, while gross margin contracted to 22% from 28% year-over-year due to lower profit margins across all business segments.The company significantly reduced its operating expenses to $1.54 million from $4.71 million in Q3 2023, primarily through cost control improvements and marketing strategy redesign. Sales and marketing expenses decreased to $40,263 from $236,874, while general and administrative expenses declined to $1.49 million from $4.46 million year-over-year.Net loss narrowed to $1.38 million from $3.92 million in Q3 2023, reflecting the company's effective cost management initiatives. As of September 30, 2024, Society Pass maintained a cash position of $4.27 million and total assets of $16.98 million, with the company focusing on growing its digital marketing and online ticketing businesses while scaling back food delivery operations.
Society Pass報告2024年第三季度營業收入爲168萬,較2023年第三季度的227萬下降26%,數字營銷和在線票務部門導致收入下滑。毛利潤從563,000下降至366,000,毛利率從28%收縮至22%,這是由於所有業務板塊的利潤率下降所致。公司顯著減少了營業費用,從2023年第三季度的471萬降至154萬,主要通過成本控制改進和營銷策略重新設計來實現。銷售和營銷費用從236,874下降至40,263,而一般和行政費用則從446萬下降至149萬,同比下降。淨虧損從2023年第三季度的392萬縮減至138萬,反映了公司有效的成本管理措施。截至2024年9月30日,Society Pass保持了427萬的現金儲備和1698萬的總資產,該公司專注於發展其數字營銷和在線票務業務,同時縮減外賣概念業務。
Society Pass報告2024年第三季度營業收入爲168萬,較2023年第三季度的227萬下降26%,數字營銷和在線票務部門導致收入下滑。毛利潤從563,000下降至366,000,毛利率從28%收縮至22%,這是由於所有業務板塊的利潤率下降所致。公司顯著減少了營業費用,從2023年第三季度的471萬降至154萬,主要通過成本控制改進和營銷策略重新設計來實現。銷售和營銷費用從236,874下降至40,263,而一般和行政費用則從446萬下降至149萬,同比下降。淨虧損從2023年第三季度的392萬縮減至138萬,反映了公司有效的成本管理措施。截至2024年9月30日,Society Pass保持了427萬的現金儲備和1698萬的總資產,該公司專注於發展其數字營銷和在線票務業務,同時縮減外賣概念業務。
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