Treasure Global reports Q3 EPS ($2.32) vs. ($11.83) last year

Reports Q3 revenue $1.6M vs. $18.2M last year. Over 2.69 million registered users as of March 31, 2024. 60% of paid users transacted three or more times in the quarter ended March 31, 2024.”I am thrilled to announce the achievement of the ZCITY Premium Store, which has not only expanded our product portfolio but has also significantly contributed to the enhancement of our gross profit margins. This growth perfectly aligns with our strategic vision and path forward,” stated Sam Teo, Chief Executive Officer of TGL. “In the third quarter of fiscal year 2024, we successfully filed an S-3 and initiated an at the market offering, with the potential to secure up to USD$2.99 million in aggregate offering proceeds. This strategic financing has provided us with necessary capital while maintaining flexibility and alignment with our growth strategies. The proceeds will drive our business initiatives, creating more value for shareholders. Moving forward, we’ll intensify our artificial intelligence initiatives, expand into new markets, and build upon achievements. Stay tuned as we commit to delivering lasting value and fostering steady growth for our stakeholders. With the establishment of our partnership as the exclusive partner for an AI Blockchain Wallet on Telegram, we are at the forefront of driving innovation in the blockchain sector. This strategic decision not only expands our portfolio but also reinforces our competitive advantage by securing the first right of refusal. Moreover, it opens up promising new business opportunities within the blockchain market.”