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Society Pass Incorporated Announces 1-for-15 Reverse Split

Stocks Changes in company's own shares

NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SOPA” or the “Company”), Southeast Asia’s (SEA) next generation, e-commerce ecosystem, today announced that the board approved a proposed 1-for-15 shares reverse split of its common stock (the "Reverse Split").

GlobeNewswire Inc. • 26/04/2024 à 22:50:00
Society Pass Incorporated Common Stock
Address: 30 GONDOLIERS BLUFF
Postal Code: 92657
City: NEWPORT COAST
State: CA
Phone Number: (949) 300-9898
Website: https://www.thesocietypass.com
Status: Active
Company Info

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together to transform how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in Six reportable operating segments: Online Grocery and Food and grocery deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

List Date2021-11-09
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001817511
Composite figiBBG00QX3CQ35
Share Class figiBBG00QX3CQD4
Market Cap5,009,805 USD
SIC Code7389
SIC DescriptionSERVICES-BUSINESS SERVICES, NEC
Share Class Shares Outstanding2520000
Weighted Shares Outstanding2517490
Round Lot100
Updated date2024-05-05
Stats
Last 5 days
7-05
6-05
4-05
3-05
2-05
Last
2.164
1.88
1.955
1.96
1.766
Variance
15.11%
-5.62%
-0.1%
11.05%
-4.02%
Open
1.88
1.992
1.957
1.765
1.84
Highest
2.625
2.174
1.957
2.051
1.976
Lowest
2.537
2.08
1.955
2.04
1.95
History
PeriodVarhighestlowest
1 week
454.52%
2.05
1.921
1 month
1177.38%
0.17
0.126
3 month
921.9%
0.22
0.126
6 month
921.9%
0.22
0.126
1 year
921.9%
0.22
0.126
3 year
921.9%
0.22
0.126
5 year
921.9%
0.22
0.126
10 year
921.9%
0.22
0.126
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-11 2023-08-10 2023-11-14 UNPUB
Assets 26,074,425 23,973,480 20,737,275 UNPUB
Current Assets 16,862,370 14,594,840 12,051,661 UNPUB
Current Liabilities 9,350,649 10,198,391 9,867,144 UNPUB
Equity 15,565,493 12,709,828 9,948,555 UNPUB
Equity Attributable To Noncontrolling Interest -450,000 -413,765 -419,481 UNPUB
Equity Attributable To Parent 16,015,493 13,123,593 10,368,036 UNPUB
Liabilities 10,508,932 11,263,652 10,788,720 UNPUB
Liabilities And Equity 26,074,425 23,973,480 20,737,275 UNPUB
Noncurrent Assets 9,212,055 9,378,640 8,685,614 UNPUB
Noncurrent Liabilities 10,508,932 1,065,261 921,576 UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-11 2023-08-10 2023-11-14 UNPUB
Exchange Gains/Losses -428,145 89,170 381,844 UNPUB
Net Cash Flow -5,175,395 -2,907,877 -2,638,636 UNPUB
Net Cash Flow, Continuing -4,747,250 -2,997,047 -3,020,480 UNPUB
Net Cash Flow From Financing Activities -541,988 -98,537 -10,000 UNPUB
Net Cash Flow From Financing Activities, Continuing -541,988 -98,537 -10,000 UNPUB
Net Cash Flow From Investing Activities -190,061 -27,460 -78,766 UNPUB
Net Cash Flow From Investing Activities, Continuing -190,061 -27,460 -78,766 UNPUB
Net Cash Flow From Operating Activities -4,015,201 -2,871,050 -2,931,714 UNPUB
Net Cash Flow From Operating Activities, Continuing -4,015,201 -2,871,050 -2,931,714 UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-11 2023-08-10 2023-11-14 UNPUB
Comprehensive Income/Loss -11,467,773 -6,311,405 -3,962,015 UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest -5,677,144 -3,173,820 0 UNPUB
Comprehensive Income/Loss Attributable To Parent -5,790,629 -3,137,585 -3,962,015 UNPUB
Other Comprehensive Income/Loss -6,077,560 -3,002,175 -43,969 UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-05-11 2023-08-10 2023-11-14 UNPUB
Basic Earnings Per Share 0 0 0 UNPUB
Benefits Costs and Expenses 7,432,179 5,495,408 6,186,366 UNPUB
Cost Of Revenue 1,356,343 1,610,073 1,706,502 UNPUB
Costs And Expenses 2,677,846 5,495,408 6,186,366 UNPUB
Diluted Earnings Per Share 0 0 0 UNPUB
Gross Profit 686,237 577,159 562,564 UNPUB
Income/Loss From Continuing Operations After Tax -5,390,213 -3,309,230 -3,918,046 UNPUB
Income/Loss From Continuing Operations Before Tax -5,389,599 -3,308,176 -3,917,300 UNPUB
Income Tax Expense/Benefit 614 1,054 746 UNPUB
Interest Expense, Operating 352 300 278 UNPUB
Net Income/Loss -5,390,213 -3,309,230 -3,918,046 UNPUB
Net Income/Loss Attributable To Noncontrolling Interest -95,286 -6,028 -56,117 UNPUB
Net Income/Loss Attributable To Parent -5,390,213 -3,309,230 -3,861,929 UNPUB
Net Income/Loss Available To Common Stockholders, Basic -5,390,213 -3,309,230 -3,861,929 UNPUB
Operating Expenses 6,136,469 3,992,972 4,705,069 UNPUB
Operating Income/Loss -5,450,232 -3,415,813 -4,142,505 UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 UNPUB
Preferred Stock Dividends And Other Adjustments 0 0 0 UNPUB
Revenues 2,042,580 2,187,232 2,269,066 UNPUB
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-17 2022-08-17 2022-11-14 2023-03-23
Assets 41,624,761 37,497,014 40,715,760 32,698,742
Current Assets 37,081,292 32,950,966 27,972,033 22,996,945
Current Liabilities 1,702,459 2,707,376 12,724,702 11,614,299
Equity 39,413,552 34,362,988 27,642,157 20,011,317
Equity Attributable To Noncontrolling Interest -148,826 -224,725 -319,926 -336,515
Equity Attributable To Parent 39,562,378 34,587,713 27,962,083 20,347,832
Liabilities -39,413,552 -34,362,988 13,073,603 12,687,425
Liabilities And Equity 41,624,761 37,497,014 40,715,760 32,698,742
Noncurrent Assets 4,543,469 4,546,048 12,743,727 9,701,797
Noncurrent Liabilities 2,211,209 3,134,026 13,073,603 12,687,425
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-17 2022-08-17 2022-11-14 2023-03-23
Exchange Gains/Losses -43,841 116,844 73,501 -167,980
Net Cash Flow 7,702,784 -2,954,715 -5,005,553 -4,261,441
Net Cash Flow, Continuing 7,746,625 -3,071,559 -5,079,054 -4,093,461
Net Cash Flow From Financing Activities 10,532,676 -181,263 -168,508 10,182,905
Net Cash Flow From Financing Activities, Continuing 10,532,676 -181,263 -168,508 10,182,905
Net Cash Flow From Investing Activities -225,134 -2,739 521,987 177,393
Net Cash Flow From Investing Activities, Continuing -225,134 -2,739 521,987 177,393
Net Cash Flow From Operating Activities -2,560,917 -2,887,557 -5,432,533 -14,453,759
Net Cash Flow From Operating Activities, Continuing -2,560,917 -2,887,557 -5,432,533 -14,453,759
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-17 2022-08-17 2022-11-14 2023-03-23
Comprehensive Income/Loss -6,591,405 -7,586,594 -95,201 -67,584,211
Comprehensive Income/Loss Attributable To Noncontrolling Interest 6,590,539 7,443,820 9,832,121 -33,675,240
Comprehensive Income/Loss Attributable To Parent -6,636,581 -7,519,719 -9,927,322 -33,908,971
Other Comprehensive Income/Loss 0 0 9,968,266 -33,569,189
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2022-05-17 2022-08-17 2022-11-14 2023-03-23
Basic Earnings Per Share 0 0 0 -1
Benefits Costs and Expenses 7,035,193 8,084,859 12,112,995 39,646,944
Cost Of Revenue 459,883 499,200 1,742,329 4,668,580
Costs And Expenses 2,677,846 8,084,859 12,112,995 2,677,846
Diluted Earnings Per Share 0 0 0 -1
Gross Profit -14,793 -138 307,935 966,973
Income/Loss From Continuing Operations After Tax -6,591,405 -7,586,594 -10,063,467 -34,015,022
Income/Loss From Continuing Operations Before Tax -6,590,103 -7,585,797 -10,062,731 -34,011,391
Income Tax Expense/Benefit 1,302 797 736 3,631
Interest Expense, Operating 4,045 384 11,277 25,105
Net Income/Loss -6,591,405 -7,586,594 -10,063,467 -34,015,022
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 -228,915
Net Income/Loss Attributable To Parent -6,591,405 -7,586,594 -10,063,467 -34,015,022
Net Income/Loss Available To Common Stockholders, Basic -874,529 -7,586,594 -10,063,467 -5,730,073
Operating Expenses 6,584,931 7,615,974 10,408,311 35,123,029
Operating Income/Loss -6,599,724 -7,616,112 -10,100,376 -34,156,056
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 -28,284,949
Preferred Stock Dividends And Other Adjustments 0 0 0 -28,284,949
Revenues 445,090 499,062 2,050,264 5,635,553
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB UNPUB 2022-03-30
Assets UNPUB UNPUB UNPUB 35,176,357
Current Assets UNPUB UNPUB UNPUB 29,632,687
Current Liabilities UNPUB UNPUB UNPUB 2,439,621
Equity UNPUB UNPUB UNPUB 32,325,683
Equity Attributable To Noncontrolling Interest UNPUB UNPUB UNPUB -102,784
Equity Attributable To Parent UNPUB UNPUB UNPUB 32,428,467
Liabilities UNPUB UNPUB UNPUB 2,850,674
Liabilities And Equity UNPUB UNPUB UNPUB 35,176,357
Noncurrent Assets UNPUB UNPUB UNPUB 5,543,670
Noncurrent Liabilities UNPUB UNPUB UNPUB 2,850,674
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB UNPUB 2022-03-30
Exchange Gains/Losses UNPUB UNPUB UNPUB -4,871
Net Cash Flow UNPUB UNPUB UNPUB 4,871
Net Cash Flow, Continuing UNPUB UNPUB UNPUB 9,742
Net Cash Flow From Financing Activities UNPUB UNPUB UNPUB 33,823,757
Net Cash Flow From Financing Activities, Continuing UNPUB UNPUB UNPUB 33,823,757
Net Cash Flow From Investing Activities UNPUB UNPUB UNPUB -23,004,948
Net Cash Flow From Investing Activities, Continuing UNPUB UNPUB UNPUB -23,009,819
Net Cash Flow From Operating Activities UNPUB UNPUB UNPUB -10,813,938
Net Cash Flow From Operating Activities, Continuing UNPUB UNPUB UNPUB -10,813,938
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB UNPUB 2022-03-30
Comprehensive Income/Loss UNPUB UNPUB UNPUB -102,784
Comprehensive Income/Loss Attributable To Noncontrolling Interest UNPUB UNPUB UNPUB 34,764,249
Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB -34,867,033
Other Comprehensive Income/Loss UNPUB UNPUB UNPUB -102,784
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date UNPUB UNPUB UNPUB 2022-03-30
Basic Earnings Per Share UNPUB UNPUB UNPUB -4
Benefits Costs and Expenses UNPUB UNPUB UNPUB 35,373,489
Cost Of Revenue UNPUB UNPUB UNPUB 710,683
Costs And Expenses UNPUB UNPUB UNPUB 2,677,846
Diluted Earnings Per Share UNPUB UNPUB UNPUB -4
Gross Profit UNPUB UNPUB UNPUB -190,798
Income/Loss From Continuing Operations After Tax UNPUB UNPUB UNPUB -34,864,740
Income/Loss From Continuing Operations Before Tax UNPUB UNPUB UNPUB -34,853,604
Income Tax Expense/Benefit UNPUB UNPUB UNPUB 11,136
Interest Expense, Operating UNPUB UNPUB UNPUB 41,514
Net Income/Loss UNPUB UNPUB UNPUB -34,864,740
Net Income/Loss Attributable To Noncontrolling Interest UNPUB UNPUB UNPUB 0
Net Income/Loss Attributable To Parent UNPUB UNPUB UNPUB -34,864,740
Net Income/Loss Available To Common Stockholders, Basic UNPUB UNPUB UNPUB -1,991,104
Operating Expenses UNPUB UNPUB UNPUB 34,021,405
Operating Income/Loss UNPUB UNPUB UNPUB -34,212,203
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic UNPUB UNPUB UNPUB -32,873,636
Preferred Stock Dividends And Other Adjustments UNPUB UNPUB UNPUB -32,873,636
Revenues UNPUB UNPUB UNPUB 519,885
Calendar
7 May 2024 (Time UTC) Actual Previous Consensus
16:30
United States
MAY 03
509000.000
4906000.000
-1430000.000
16:30
United States
MAY 03
★★
15:00
United States
MAR
6270000000.000
15020000000.000
14800000000.000
15:00
United States
MAR
13:00
United States
4.605
4.548
★★
12:00
United States
★★
11:30
United States
10:00
United States
MAY
41.800
43.200
44.100
09:00
United States
MAY
40.000
08:55
United States
MAY 03
6.000
5.500
07:55
United States
MAY 03
6 May 2024 (Time UTC) Actual Previous Consensus
★★
14:00
United States
Q1
★★
13:00
United States
★★
13:00
United States
Q1
12:50
United States
News Stream
Stocks Financing Agreements
SINGAPORE, May 01, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (NASDAQ: SOPA) (“SoPa” or the “Company”), a leading e-commerce ecosystem in Southeast Asia (“SEA”), is excited to offer additional details related to its successful financing of future growth initiatives, including the Company’s ability to spin off various subsidiaries to monetize intrinsic value and finance future acquisition opportunities.
GlobeNewswire Inc. • 6d ago
Stocks Changes in company's own shares
NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- Society Pass Inc. (Nasdaq: SOPA) (“SOPA” or the “Company”), Southeast Asia’s (SEA) next generation, e-commerce ecosystem, today announced that the board approved a proposed 1-for-15 shares reverse split of its common stock (the "Reverse Split").
GlobeNewswire Inc. • 1w ago
Stocks Major shareholder announcements
Society Pass Inc. (Nasdaq: SOPA) 1Q 2024 Shareholder Update and Analyst Recommendations
GlobeNewswire Inc. • 3mo ago
Stocks Research Analysis and Reports
Society Pass Inc. (Nasdaq: SOPA): Litchfield Hills Initiates Equity Research Coverage; SOPA Growing Rapidly and Nearing Positive EBITDA Inflection
GlobeNewswire Inc. • 4mo ago
Stocks Research Analysis and Reports
Society Pass (Nasdaq: SOPA)/Thoughtful Media: Greenridge Initiates Research Coverage on TMG; To Capture Significant Advertising Market Share In SEA
GlobeNewswire Inc. • 4mo ago
News Product / Services Announcement
Society Pass Inc (Nasdaq: SOPA): Ascendiant Capital Issues 3Q 2023 Equity Research Update; Maintains Positive Outlook on Growth Prospects
GlobeNewswire Inc. • 5mo ago
Management Partnerships
Society Pass Inc (Nasdaq: SOPA) / NusaTrip Inc Partners with Vietnam-based Travel Platform, VN Travel Group, to Jointly Market to Vietnamese Customers
GlobeNewswire Inc. • 5mo ago
News Exchange Members
Society Pass Inc (Nasdaq: SOPA) Granted Extension until 20 May 2024 to Regain Compliance with Nasdaq Listing Rules
GlobeNewswire Inc. • 5mo ago
News Product / Services Announcement
Society Pass Inc (Nasdaq: SOPA): Maxim Issues 3Q 2023 Equity Research Update; Maintains Positive Outlook on Organic Growth & M&A
GlobeNewswire Inc. • 5mo ago
Management Management statements
Greenridge Global : Society Pass Inc’s (Nasdaq: SOPA) 3Q 2023 Financial Results Inline with Estimates; Maintains Optimistic View of SOPA’s Business Plan
GlobeNewswire Inc. • 5mo ago
See All

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