Society Pass Incorporated (SOPA) Earnings Report, Financial Results, Financial analysis

Society Pass Incorporated narrowed first quarter of 2023 net loss per share of $-0.20 compare to net loss per share of $-0.30 recorded in the same quarter a year ago and improved compare to net loss per share of $-0.22 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ -0.2	$ 2 Mill
$+0.10	$+2M +358.91 %

Society Pass Incorporated's Revenue rose by 358.91 % in first quarter of 2023 (Mar 31 2023) year on year, to $2 million and declined by -22.66 % sequentially.

Society Pass Incorporated is Expected to report next financial results on August 16, 2023.

More on SOPA's Income Statement

SOPA's NET INCOME

Society Pass Incorporated's in thefirst quarter of 2023 recorded net loss of $-5.390 million, an improvement compare to net loss of $-6.548 million in I. Quarter a year ago.

Sequentially net loss narrowed from net loss of $-10.003 million realized in previous quarter.

More on SOPA's Growth

Society Pass Incorporated Inventories
Inventories declined by -14.36 % to $0.23 million from I. Quarter a year ago, sequentially inventories fell by -26.35 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-5 million, capital expenditures fell by 521.54%, to $0 millions compare to same quarter a year ago and fell by 62.83% from IV. Quarter (Dec 31 2022).

More on SOPA's Cash flow Statement

Earnings quality

Society Pass Incorporated does not pay out common stock dividend.

In trailing twelve-month period Society Pass Incorporated payed $ -0.59 cash per share, on a free-cash flow basis .

Book value fell by -29.21 % sequentially to $0.57 per share, -21.10% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.33 per share from $ 0.51.

Company issued 2.43 million shares or 9.88 % in Mar 31 2023.

• More on SOPA's Dividends

Market Capitalization (Millions)	17
Shares Outstanding (Millions)	27
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	7
Net Income (TTM) (Millions $)	-33
Cash Flow (TTM) (Millions $)	-17
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Society Pass Incorporated does not pay out common stock dividend.

In trailing twelve-month period Society Pass Incorporated had negative $ -0.59 cash flow per share, on a free-cash flow basis .

Book value fell by -29.21 % sequentially to $0.57 per share, -21.10% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.33 per share from $ 0.51.

Company issued 2.43 million shares or 9.88 % in Mar 31 2023.

• More on SOPA's Balance Sheets

Market Capitalization (Millions)	17
Shares Outstanding (Millions)	27
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	7
Net Income (TTM) (Millions $)	-33
Cash Flow (TTM) (Millions $)	-17
Capital Exp. (TTM) (Millions $)	-1
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Society Pass Incorporated

SOPA's Financial Statements and Analysis