Treasure Global reports Q2 EPS (3c) vs. (12c) last year

Reports Q2 revenue $6.7M vs. $20.4M last year. The decrease in revenues was primarily due to the Company’s focus on increasing growth in higher-margin revenue channels. “TGL continued to be a leading innovator in our markets, hosting first-ever events on TikTok and Meta Platforms, and signing partnerships with regional leaders like AIO Synergy Solutions to collaborate on the development of a data center for artificial intelligence applications,” said Sam Teo, CEO. “I believe that, by integrating our AI technology into platforms like ZCITY, we are in a stronger position to create offerings for our platforms that will attract both new users and partners as well as deepen our existing relationships, helping us to grow our revenue and increase our profitability. Throughout Q2, TGL took steps that I believe have strengthened the company, allowing us to invest in further innovation. These steps included our $4M public offering and signing an agreement to retire our corporate debt. These actions allow us to invest in growth opportunities in our key markets and enable our continued expansion into higher-margin revenue channels, including healthcare, computer and food and beverage products as well as activities to increase subscription memberships”.