Treasure Global, Inc. ( (TGL) ) has released its Q1 earnings. Here is a breakdown of the information Treasure Global, Inc. presented to its investors.
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Treasure Global, Inc., a Delaware-based company, operates in the payment processing industry with its flagship online-to-offline e-commerce platform, ZCITY, which focuses on providing instant rebates and rewards to users. In its latest earnings report for the quarter ended September 30, 2024, Treasure Global, Inc. revealed a significant decline in revenues, reporting $207,371 compared to $13.5 million in the same period last year. However, the company showed a reduced net loss of $950,707, down from $2.1 million, indicating improvements in operational efficiency. Key highlights include an increase in total assets to $7.1 million from $4.3 million and a notable rise in stockholders’ equity. Despite these enhancements, the company faces challenges in its liquidity due to ongoing losses and a substantial accumulated deficit. Looking ahead, Treasure Global, Inc. plans to stabilize its financial position through equity financing and strategic partnerships to support its working capital needs and drive future growth.
