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Ascendiant Capital Markets: Society Pass Inc. (Nasdaq: SOPA) 2Q 2023 Saw Strong Revenue Growth of 338% Year on Year; Major Acquisition and Expected Cash Probability in 2H 2023 to Drive Share Price Higher
LOL nice headline - “cash probability” ya mean PROFITABILITY
$SOPA - 👆Up 8.3% Pre-Market/Current Price $0.50
2Q/1H 2023 Financial Results Illustrate Continuing Breakneck Revenue Growth and Exceptional Profit Margin Expansion; Confidently Forecasts Achieving Cash Profitability in 2H 2023
SOPA
Society Pass Inc
0.6948
0.0888 (14.65%)
Volume: 765,057
Day Range: 0.665 - 0.778
Bid: 0.6811
Ask: 0.6948
Last Trade Time: 12:32:20 PM EDT
Total Trades: 1,811
$SOPA - Up 10%/ Current Price $0.68
Ascendiant Capital Initiates Coverage On Society Pass with Buy Rating, Announces Price Target of $3.5
$SOPA - Up 6% Pre-Market/ Current Price $0.56
Subsidiary, NextGen Retail Inc, to Acquire Indonesia's PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World's 4th Most Populous Economy
More Acquisitions Coming https://www.nextgenretail.store/our-ventures
From what I'm hearing
"• Q2 revenue was $500k, versus less than $10k in the year-ago period as revenue from the flurry of acquisitions the company is engaged in starts to flow in. With several more acquisitions that have closed or are scheduled to close in Q3, so just with acquisitions, Spartan Capital sees revenue increasing significantly." https://www.globenewswire.com/en/news-release/2022/08/08/2493830/0/en/Spartan-Capital-Society-Pass-Nasdaq-SOPA-Revenue-up-5-700-as-Acquisitions-Start-Kicking-in.html
E-commerce/ Digital Marketing – Society Pass Incorporated's (NASDAQ: SOPA) ($SOPA) interview with Dennis Nguyen, Founder/CEO/Chairman, Linda Cutler, Director, John McKie, Director and Peter Vichiara, Legal Counsel https://finance.yahoo.com/news/street-airs-televised-corporate-interviews-133000255.html
thank you fer heads up <> Society Pass Inc
$SOPA - Up 14% Pre-Market/ Current Price $0.54
Society Pass Inc Subsidiary, NextGen Retail Inc, to Acquire Indonesia’s PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World’s 4th Most Populous Economy
Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia’s PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World’s 4th Most Populous Economy
SOPA new 52 week low
SOPA new low wash trade potential
$SOPA: Lotta chinese tickers going....... SOPA now at $0.92
This one has a tendancy to go at odd times.
Worth watching to see where and when some serious BUY volume steps into it.
Seeing HKD and HUDI go today definitely raises the interest here
GO $SOPA
"With an app relaunch soon, the re-entry into the Philippines market, the entry into the Indonesia market, and the holiday shopping season approaching, Spartan Capital sees significant growth for Leflair."
https://leflair.com/en
Spartan Capital: Society Pass (Nasdaq: SOPA) Revenue up 5,700% as Acquisitions Start Kicking in
https://apnews.com/press-release/newmediawire/technology-9fe865128f3953a64af2da25a20cfbcc
New York, NY - ( NewMediaWire ) - August 08, 2022 - Spartan Capital Securities LLC (“Spartan Capital”) issues Equity Research Report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”).
Click Here (on Society Pass website) to view the full Spartan Capital Equity Research Report.
Summary Points:
• Q2 revenue was $500k, versus less than $10k in the year-ago period as revenue from the flurry of acquisitions the company is engaged in starts to flow in. With several more acquisitions that have closed or are scheduled to close in Q3, so just with acquisitions, Spartan Capital sees revenue increasing significantly.
• A year ago, SoPa’s only operating business unit was #HOTTAB, and its business serving hotels and restaurants was negatively impacted by the pandemic.
• In 3Q last year, its Leflair business unit, purchased out of bankruptcy, relaunched and is the main driver of revenue. Leflair operates in Vietnam and offers flash sales on luxury fashion, beauty, and home products with several sales daily to keep consumer interest high. With an app relaunch soon, the re-entry into the Philippines market, the entry into the Indonesia market, and the holiday shopping season approaching, Spartan Capital sees significant growth for Leflair.
• The Q2 numbers included a full quarter of revenue from Pushkart, which offers supermarket delivery in Philippines, and Handycart, which offers restaurant delivery, also in Vietnam. Handycart plans to relaunch with a new app and new business model; Spartan Capital looks for its growth to accelerate.
• In Q2 SoPa acquired Gorilla Networks, which is a blockchain-based mobile phone service provider targeting the regional travel market. It is presently generating minimal revenue, but its app is on track to launch in the Fall, so it too should accelerate.
• During Q3, SoPa has already closed on the acquisitions of Mangan, restaurant delivery in the Philippines, and Thoughtful Media Group (TMG), social influencer marketing company covering Southeast Asia, so both should deliver partial quarters of revenue in Q3 and full quarters of revenue in 4Q. TMG generated $5.8 million in revenue in 2021, so it alone should add roughly $1.5 million to quarterly revenue.
• SoPa has also announced the acquisition of online travel provider Nusatrip in Indonesia with closing, adding a partial quarter of revenue to 3Q and a full quarter to 4Q. Regional leisure travel is picking up rapidly, although a few quarters behind the current US boom; Spartan Capital looks for this business to grow rapidly as well.
• The acquisition-driven revenue surge looks like it is only starting. Spartan Capital sees additional acquisitions as the company still had $28 million in cash on June 30, and strong organic growth from each business. Further out, as the Society Pass loyalty program is launched and synergies are realized, Spartan Capital sees even faster growth.
About Society Pass
As a loyalty and data marketing ecosystem in Singapore, Vietnam, Philippines, and Thailand and with offices located in Singapore, Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is an acquisition-focused e-commerce holding company operating 6 interconnected verticals (loyalty, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of consumers and thousands of merchants across multiple product and service categories throughout SEA.
SoPa’s business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and retention for merchants. Since its inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in Southeast Asia.SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines.
Media Contacts:
PRecious Communications
sopa@preciouscomms.com
View the original release on www.newmediawire.com
>>> WITH MUCH MORE COMING >>>
Go home pick me up 3
The market likes the news today
SOPA - "5,669% Year on Year Revenue Growth"
https://finance.yahoo.com/news/society-pass-inc-nasdaq-sopa-120000343.html
SCROLL DOWN
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2.77 high so far in PM
Society Pass Inc (Nasdaq: SOPA) Reports Stellar 2Q 2022 and 1H 2022 Financial Results, Recognises 5,669% Year on Year Revenue Growth from 2Q 2021 and 5,360% Year on Year Revenue Growth from 1H 2021
August 04, 2022 08:00 ET | Source: Society Pass Incorporated
...
Summary Points:
• Second quarter 2022 unaudited revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022).
• 1st half 2022 unaudited revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022).
• With cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia (“SEA”) companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022.
• Since inception, SoPa has onboarded 2.1 million registered consumers and over 6,700 registered merchants/brands onto its ever-expanding platform.
• SoPa launched the beta version of its Society Pass loyalty platform in 2Q 2022, which drives customer acquisition and retention for merchants across SEA.
NEW YORK, NY, Aug. 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), SEA’s leading loyalty and ecommerce ecosystem, today announced that unaudited second quarter 2022 revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022).
Unaudited first half 2022 revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022).
Reporting cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of the Society Pass loyalty platform and continuing acquisitions of Southeast Asia (“SEA”) companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022.
Since inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its ever-expanding next generation digital ecosystem.
Society Pass expects to file its 2Q 2022 Form 10-Q with the Securities and Exchange Commission later this month. During the second quarter 2022, the Company completed the acquisition of Singapore-based Gorilla Networks onto the SoPa platform, opened the Manila office, and launched the beta version of its Society Pass loyalty points platform.
Remarking on Society Pass’ stellar 2Q 2022 financial performance, Society Pass Founder, Chairman and CEO, Dennis Nguyen, explains, “Our continuing robust year-on-year sales expansion substantiates our acquisitions focused operating model. Nine months after relaunch back onto the Vietnam market, Leflair continues to generate strong revenues, whilst our food and beverage (“F&B”) Pushkart and Handycart brands are establishing solid footholds in their respective markets. The acquisition of Gorilla Networks allows us to incorporate Gorilla’s blockchain and Web3 capabilities onto the SoPa ecosystem and enable the new meta-economy for all our portfolio companies. We are poised to achieve new highs in 3Q 2022 as we integrate our next generation loyalty platform onto the rest of our ecosystem as well as opportunistically acquire market leading companies in the lifestyle, F&B, travel, and digital advertising verticals.”
About Society Pass
As a loyalty and data marketing ecosystem in Singapore, Vietnam, Philippines, and Thailand and with offices located in Singapore, Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is an acquisition-focused e-commerce holding company operating 7 interconnected verticals (loyalty, merchant software, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of consumers and thousands of merchants across multiple product and service categories throughout SEA.
SoPa’s business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and retention for merchants. Since its inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in Southeast Asia. SoPa operates #HOTTAB Biz and #HOTTAB POS – a Vietnam-based POS, CRM and analytics technology solutions provider for small and medium-sized enterprises, Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines.
For more information, please check out: http://thesocietypass.com/.
Media Contacts:
PRecious Communications
Society Pass Inc (Nasdaq: SOPA) Reports Stellar 2Q 2022 and 1H 2022 Financial Results, Recognises 5,669% Year on Year Revenue Growth from 2Q 2021 and 5,360% Year on Year Revenue Growth from 1H 2021
August 04, 2022 08:00 ET | Source: Society Pass Incorporated
...
Summary Points:
• Second quarter 2022 unaudited revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022).
• 1st half 2022 unaudited revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022).
• With cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia (“SEA”) companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022.
• Since inception, SoPa has onboarded 2.1 million registered consumers and over 6,700 registered merchants/brands onto its ever-expanding platform.
• SoPa launched the beta version of its Society Pass loyalty platform in 2Q 2022, which drives customer acquisition and retention for merchants across SEA.
NEW YORK, NY, Aug. 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), SEA’s leading loyalty and ecommerce ecosystem, today announced that unaudited second quarter 2022 revenues grew 5,669% year on year (from $7,783 for second quarter ended 30 June 2021 to $445,090 for second quarter ended 30 June 2022).
Unaudited first half 2022 revenues grew 5,360% year on year (from $17,289 for 1st half ended 30 June 2021 to $944,152 for 1st half ended 30 June 2022).
Reporting cash on hand of $28.0 million on 30 June 2022, SoPa is well capitalised for roll out of the Society Pass loyalty platform and continuing acquisitions of Southeast Asia (“SEA”) companies in lifestyle, food & beverage, digital media, and travel verticals for the rest of 2022.
Since inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its ever-expanding next generation digital ecosystem.
Society Pass expects to file its 2Q 2022 Form 10-Q with the Securities and Exchange Commission later this month. During the second quarter 2022, the Company completed the acquisition of Singapore-based Gorilla Networks onto the SoPa platform, opened the Manila office, and launched the beta version of its Society Pass loyalty points platform.
Remarking on Society Pass’ stellar 2Q 2022 financial performance, Society Pass Founder, Chairman and CEO, Dennis Nguyen, explains, “Our continuing robust year-on-year sales expansion substantiates our acquisitions focused operating model. Nine months after relaunch back onto the Vietnam market, Leflair continues to generate strong revenues, whilst our food and beverage (“F&B”) Pushkart and Handycart brands are establishing solid footholds in their respective markets. The acquisition of Gorilla Networks allows us to incorporate Gorilla’s blockchain and Web3 capabilities onto the SoPa ecosystem and enable the new meta-economy for all our portfolio companies. We are poised to achieve new highs in 3Q 2022 as we integrate our next generation loyalty platform onto the rest of our ecosystem as well as opportunistically acquire market leading companies in the lifestyle, F&B, travel, and digital advertising verticals.”
About Society Pass
As a loyalty and data marketing ecosystem in Singapore, Vietnam, Philippines, and Thailand and with offices located in Singapore, Hanoi, Ho Chi Minh City, Manila, Angeles and Bangkok, SoPa is an acquisition-focused e-commerce holding company operating 7 interconnected verticals (loyalty, merchant software, lifestyle, F&B, telecoms, digital media, and travel), which seamlessly connects millions of consumers and thousands of merchants across multiple product and service categories throughout SEA.
SoPa’s business model focuses on analysing user data through its Society Pass loyalty platform and circulation of its universal loyalty points or Society Points. The Society Pass loyalty platform drives customer acquisition and retention for merchants. Since its inception, SoPa has amassed over 2.1 million registered consumers and over 6,700 registered merchants/brands onto its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its consumers, merchants, and acquisitions.
Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in Southeast Asia. SoPa operates #HOTTAB Biz and #HOTTAB POS – a Vietnam-based POS, CRM and analytics technology solutions provider for small and medium-sized enterprises, Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, Handycart.vn, a leading online restaurant delivery service based in Vietnam, Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator, Thoughtful Media Group, a Bangkok-based, a social commerce-focused, premium digital video multi-platform network, and Mangan, the leading local restaurant delivery service in Philippines.
For more information, please check out: http://thesocietypass.com/.
Media Contacts:
PRecious Communications
SOPA Society Pass Inc (Nasdaq: SOPA) Reports Stellar 2Q 2022 and 1H 2022 Financial Results, Recognises 5,669% Year on Year Revenue Growth from 2Q 2021 and 5,360% Year on Year Revenue Growth from 1H 2021
It's dead jim
Under 2
Movement PM
Green soon. Waiting for the great news to send the price to $4's in hours.
Today's showcase in Las Vegas will be a great success.
The short squeeze is imminent. It might send the price $10+ within two days!
And went below 2$ what a pos
Closer and closer.
Closer and closer.
It seems the 2.2 are very near.
Has the time arrived?
Just waiting for the short squeeze.
Bullshit, buy signal just hit my scanner
Ready to run! This week we'll see the 4's again.
Going below 2$