Society Pass Incorporated Stock Price, News & Analysis

Thoughtful Media Group Inc has launched the TMG Media Network, a new omnichannel advertising solution in Southeast Asia, in partnership with Magnite, Inc. This network allows brand advertisers to effectively reach online consumers and merchants in Southeast Asia, including over 3.3 million registered users in Society Pass's ecosystem. The TMG Media Network combines various advertising formats to deliver personalized media experiences targeting a population of over 650 million. Both companies aim to leverage data-driven strategies to maximize engagement and conversion for advertisers.

Society Pass Inc (SOPA) announces a strategic partnership with Onlive.Site to enhance its loyalty platform by integrating live commerce technology. This collaboration allows Thoughtful Media Group (TMG) to host interactive live shopping shows across various platforms, targeting Southeast Asian markets. The partnership aims to capitalize on the expected growth of the social commerce market, projected to reach US$1.2 trillion by 2025. TMG's influencer network will further expand, bolstering customer engagement and offering innovative revenue streams.

Society Pass Inc. (Nasdaq: SOPA) is an acquisition-focused eCommerce holding company operating in Southeast Asia. With over 3.3 million registered consumers and 200K merchants, the company generated $520K in sales for 2021, projecting $9.5 million in 2022 and increasing to $42.7 million in 2023. Led by a diverse executive team with 150 years of combined experience, Society Pass aims to integrate companies across six verticals, enhancing revenues through its Society Points loyalty platform. Think Equity set a 12-month price target of $6 based on its growth strategy and technological developments.

On September 16, 2022, Society Pass Incorporated (Nasdaq: SOPA) announced the filing of Form 8-K/A with the SEC, detailing the acquisition of AdActive Media CA, Inc. and Thoughtful Thailand Ltd. Through these acquisitions, Society Pass aims to enhance its data-driven loyalty and e-commerce ecosystem in Southeast Asia. The combined 1Q 2022 revenues from the acquired subsidiaries reached $1.31 million, a slight increase from $1.27 million in 1Q 2021, though losses from operations declined. These acquisitions are expected to accelerate Society Pass's expansion into new markets including Indonesia and Singapore.

Argus Research issued a favorable equity report for Society Pass Inc. (SOPA), a Southeast Asian e-commerce platform founded in 2018. SoPa targets high-growth markets like Vietnam and Indonesia, focusing on acquiring smaller companies to expand its ecosystem. With 3.3 million registered users and 205,700 merchants, SoPa's Q2 2022 revenue was approximately $500,000. Argus forecasts 2022 revenues of $7 million, rising to $30 million in 2023, and suggests a fair value of $8 per SOPA share based on anticipated growth driven by its loyalty program and acquisitions.

On August 15, 2022, Society Pass (SOPA) completed its acquisition of Nusatrip, the third largest online travel agency in Indonesia, for $620,000. This acquisition coincides with a booming Indonesian travel market, with international travel up 525% year-to-date. Nusatrip was EBITDA-positive prior to the pandemic and has significant growth potential leveraging synergies with SoPa's existing businesses. Spartan Capital notes this strategic timing allows SoPa to capitalize on a recovering travel sector. The deal positions SoPa for rapid expansion and profitability as the Indonesian market rebounds.

Society Pass Inc. (SOPA) reported significant growth in its 2Q22 revenue, reaching $445K, a sharp increase from $8K year-over-year, though below expectations of $670K. The company ended June 2022 with $28M in cash and no debt, sufficient to fund growth for two years. Maxim Group raised revenue projections, expecting $12.9M for 2022 and $54M for 2023. Despite projected adjusted EBITDA losses widening in 2022 to ($13.9M), a narrowing is anticipated in 2023 to ($2.2M). Maxim views SOPA as undervalued with compelling valuation metrics compared to peers.

Spartan Capital has released an equity research report on Society Pass (SOPA), highlighting its key revenue contributors and growth strategies. Vietnamese e-commerce platform Leflair generated 92% of total revenue, reporting a minor gross loss and a $694k operating loss. The telecom segment, following the acquisition of Gorilla Networks, produced $5.6k in data sales. Despite an operating loss of $7.6 million and negative EBITDA of $4.4 million, the company holds $28 million in cash. Recent acquisitions, costing about $1.2 million, present further growth opportunities.

Society Pass Inc (Nasdaq: SOPA) announced the acquisition of NusaTrip, a leading Online Travel Agency in Indonesia, marking its expansion into the booming Southeast Asian travel market. NusaTrip has onboarded over 1.2 million users and offers products from 500 airlines and 200,000 hotels. This acquisition will enhance Society Pass's ecosystem, integrating multiple business verticals and improving user and merchant growth strategies. The move capitalizes on the growing demand for travel in the post-pandemic landscape, driven by a rising middle class and government tourism initiatives.