Treasure Global Inc. Reports First Quarter Fiscal Year 2025 Financial Results
Treasure Global Inc. (TGL)
Company Research
Source: GlobeNewswire
NEW YORK and KUALA LUMPUR, Malaysia, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator, had on November 14, 2024 announced its financial results for the first quarter ended September 30, 2024. Key Financial Highlights Revenue for the first quarter was $207,371, compared to $13.46 million for the prior year’s quarter, reflecting the Company’s ongoing pivot toward high-margin business models and deliberate scaling down of low-margin operations. This strategic pivot is expected to benefit long-term revenue quality and stability.Gross profit improved by 6% to $172,172, with the gross profit margin soaring to 83.0% compared to 1.2% in the prior year’s quarter, underscoring the Company’s strategic focus on operational efficiency and high-value revenue streams.Operating loss reduced by 58% to $811,677, compared to $1.92 million in the same quarter last year.Net loss narrowed significantly to $
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News
- Treasure Global Inc. Reports First Quarter Fiscal Year 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
- Treasure Global Inc Announces Strategic Service Partnership with Octagram Investment LimitedGlobeNewswire
- Treasure Global Full Year 2024 Earnings: US$7.67 loss per share (vs US$49.18 loss in FY 2023) [Yahoo! Finance]Yahoo! Finance
- Treasure Global Inc Announces Termination of its At-The-Market Offering ProgramGlobeNewswire
- Treasure Global Inc Strengthens Leadership with Appointment of New Independent DirectorsGlobeNewswire
TGL
Earnings
- 2/14/24 - Beat
TGL
Sec Filings
- 11/18/24 - Form S-1
- 11/14/24 - Form 10-Q
- 11/1/24 - Form 8-K
- TGL's page on the SEC website