Treasure Global Inc. Stock Price, News & Analysis

Treasure Global Inc (NASDAQ: TGL) reported total revenues of approximately $15.6 million for Q1 2023, a decline from $20.4 million in Q1 2022, primarily due to reduced product and loyalty program revenues. The company launched TAZTE, a digital management system for the food and beverage industry, and secured strategic partnerships, including with iPay88 for enhanced payment solutions. Despite a net loss of approximately $3.7 million, TGL's cash reserves increased to $7.0 million, showing a positive shift in working capital.

Treasure Global Inc (NASDAQ: TGL) announced it will release its fiscal first quarter financial results for the period ending September 30, 2022, on December 20, 2022, before market open. The company will host a conference call at 8:30 a.m. Eastern Time to discuss the results, featuring CEO Sam Teo and CFO Jaylvin Chan. The call will be available via audio webcast and phone, with a replay accessible until January 3, 2023. Treasure Global is focused on e-commerce solutions and rewards programs, with over 2.3 million registered users on its ZCITY app as of November 30, 2022.

Treasure Global Inc (NASDAQ: TGL) has officially launched TAZTE, a digital food and beverage management system aimed at modernizing the F&B industry in Malaysia. After a successful beta phase, TAZTE is now available to TGI's over 2.3 million ZCITY app users. The system provides automated solutions, including digital menus and e-payments, enhancing operational efficiency for merchants. TAZTE is expected to generate new revenue streams for TGI and improve profit margins while addressing industry inefficiencies. Additional features are set to launch, further improving service functionality.

Treasure Global Inc (NASDAQ: TGL) reported a record revenue of $79.7 million for the fiscal year 2022, marking a 468% year-over-year increase. The company successfully completed its IPO, raising a total of $9.2 million. As of November 30, 2022, ZCITY achieved over 2.3 million registered users and 234,000 monthly active users. Despite significant revenue growth, the net loss for fiscal 2022 was approximately $11.7 million, up from $7.9 million in fiscal 2021. TGL aims to enhance user engagement and expand its presence in Southeast Asia and Japan.

Treasure Global Inc (NASDAQ: TGL) will announce its fiscal year 2022 financial results on December 6, 2022, before market opening. The conference call will start at 8:30 a.m. Eastern Time, featuring CEO Sam Teo and CFO Jaylvin Chan. The company operates a unique e-commerce platform offering seamless payment solutions and rewards programs, aiming to bridge online and offline retail experiences in Southeast Asia and Japan. As of November 30, 2022, the ZCITY app, launched by TGL, has over 2.3 million registered users.

Treasure Global Inc (Nasdaq: TGL) announced it is not in compliance with Nasdaq's periodic filing requirements due to the late submission of its Form 10-Q for the period ending September 30, 2022. This follows a previous notice regarding the delayed filing of its 10-K for the fiscal year ending June 30, 2022. The company has until December 19, 2022, to submit a compliance plan or file the required documents. If accepted, TGL may have until March 27, 2023, to regain compliance. The company continues to work on completing these filings to ensure compliance with Nasdaq regulations.

Treasure Global Inc (NASDAQ: TGL) has launched a campaign through its ZCITY app, allowing users in Malaysia to win six months of free petrol. Running until December 31, 2022, participants must spend a minimum of RM30 on ZCITY e-Vouchers to enter the draw for one of 60 prizes, with 20 winners announced each month. This initiative aims to enhance user engagement, especially during the festive season, supported by multiple payment methods and discounts via Zcoins. With over 2.2 million registered users as of October 31, 2022, TGI continues to focus on expanding its e-commerce platform.

Treasure Global Inc (NASDAQ: TGL) reported significant user growth for its e-commerce app, ZCITY, achieving over 2.2 million registered users and 233,000 monthly active users as of October 31, 2022. The platform's quarterly active users increased by 35% year-over-year as of September 30, 2022, contributing to 3.9 million transactions in the fiscal year 2022. Innovations like e-vouchers and the Group Buy feature aim to enhance user engagement. CEO Sam Teo highlighted the effectiveness of the strategic marketing plan in driving user traffic and sales.

Treasure Global Inc (NASDAQ: TGL) has partnered with iPay88 to become the exclusive payment gateway for its ZCITY app and Tazte platform. This strategic agreement enhances TGL's regional expansion into Southeast Asia, including Malaysia, Indonesia, Thailand, and the Philippines. iPay88 will provide comprehensive e-commerce and retail payment solutions, facilitating recurring payments and buy now pay later options. TGL aims to capitalize on iPay88's extensive F&B merchant network to boost Tazte's user base, promoting seamless digitalization for merchants and users alike.