Core Viewpoint - MoneyHero Limited is set to release its first quarter 2025 results on June 13, 2025, and will hold a conference call to discuss these results [1] Group 1: Company Overview - MoneyHero Limited operates as a personal finance aggregation and comparison platform, as well as a digital insurance brokerage in Greater Southeast Asia [3] - The company has a presence in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes MoneyHero, SingSaver, Money101, Moneymax, and Seedly [3] - As of December 31, 2024, MoneyHero had over 290 commercial partner relationships and approximately 6.2 million Monthly Unique Users across its platforms [3] Group 2: Financial Communication - The conference call to discuss the first quarter results will take place at 8:00 a.m. EDT on June 13, 2025 [1] - Investors can access the call via a registration link for the webcast or audio conference [2] - A replay of the webcast will be available on the Investor Relations website for 12 months following the event [2]

Membership and User Engagement - As of December 31, 2024, MoneyHero Group had approximately 7.5 million members across Singapore, Hong Kong, Taiwan, and the Philippines[27] - In 2024, the company recorded over 1.7 million applications for financial product purchases and over 0.7 million approved applications, compared to the same figures in 2023[28] - User data indicates a total of 7,784,000 active users, representing a 15% increase compared to the previous quarter[35] - The platforms averaged over 5.2 million page views per month in 2024[28] - The company published over 180 articles per month on its blogs in 2024[28] Financial Performance - Revenue for the years ended December 31, 2022, 2023, and 2024 was US$68.1 million, US$80.7 million, and US$79.5 million, respectively[30] - The company reported a loss of US$49.4 million, US$172.6 million, and US$37.8 million for the years ended December 31, 2022, 2023, and 2024, respectively[30] - Revenue for the year ended December 31, 2024, was $79,511,000, a decrease of 1.4% compared to $80,671,000 in 2023[42] - Operating loss increased to $40,192,000 in 2024 from $30,026,000 in 2023, reflecting a higher cost structure[42] - Total comprehensive loss for 2024 was $34,037,000, significantly improved from $173,451,000 in 2023[42] Revenue Sources - In 2024, internet leads generation and marketing service income accounted for approximately 89.5% of total revenue, down from 94.0% in 2023[30] - Approximately 39.8%, 33.4%, 8.4%, 17.6%, and 0.9% of total revenue in 2023 was generated from Singapore, Hong Kong, Taiwan, the Philippines, and Malaysia, respectively[66] - Over 60% of total revenue in 2022, 2023, and 2024 was derived from credit card products[73] - Insurance commission income was reported as $1.7 million, $3.4 million, and $5.2 million in 2022, 2023, and 2024, representing 2.4%, 4.2%, and 6.5% of total revenue respectively[74] Market Presence and Expansion - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the next fiscal year[35] - The company has provided guidance for the next quarter, expecting revenue to be in the range of 1,100 to 1,150 million USD, which would indicate a growth of approximately 5% to 10%[35] - New product launches are anticipated to contribute an additional 200 million USD in revenue over the next fiscal year[35] - The company has reported a significant increase in revenue, with a total of 1,043 million USD for the latest quarter, reflecting a growth of 10% year-over-year[35] Compliance and Regulatory Risks - The company is facing regulatory uncertainties regarding foreign investments, particularly concerning cash transfers from Hong Kong to Mainland China[37] - The company has emphasized the importance of compliance with PRC regulations, which could impact its financial operations and overall business strategy[37] - The company is subject to various legal, accounting, and compliance expenses as a public entity, which may increase if it no longer qualifies as an "emerging growth company"[61] - Non-compliance with data protection laws in various jurisdictions, such as the EU GDPR and Singapore's PDPA, could result in fines up to 10% of annual turnover for organizations exceeding S$10 million[97] Operational Challenges - The company continues to face risks related to economic conditions and competition in the Southeast Asian market, which may impact future performance[51] - The company must continuously adapt to market trends and evolving user preferences to maintain competitiveness[82] - The company faces increasing scrutiny from regulators regarding data privacy and security, particularly in the U.S. and Europe, which may impact its operations[107] - The company may face significant legal and operational challenges in Hong Kong, affecting the ability to serve legal processes and conduct investigations[209] Financial Stability and Cash Flow - Net cash flows used in operating activities were $24,888,000 in 2024, compared to $17,043,000 in 2023, indicating increased cash burn[44] - Cash and cash equivalents at the end of 2024 were $42,522,000, down from $68,641,000 at the end of 2023[44] - Current assets decreased to $78,282,000 in 2024 from $106,947,000 in 2023, indicating a reduction in liquidity[43] - Total liabilities decreased to $32,656,000 in 2024 from $35,963,000 in 2023, reflecting improved financial stability[43] Strategic Investments and Acquisitions - The company is exploring potential acquisitions to bolster its product offerings, with a budget of up to 300 million USD earmarked for this purpose[35] - The company plans to increase investments in new product offerings and technologies, acknowledging the inherent risks involved[87] - Acquisitions or strategic investments may not yield intended benefits and could disrupt business operations, impacting financial condition[141] Intellectual Property and Legal Risks - The company has 63 registered trademarks, with significant intellectual property held in Singapore and Hong Kong, which are set to expire between March 2026 and March 2035[160] - The company may face challenges in enforcing its intellectual property rights in regions with less robust protections compared to the United States[161] - The company is subject to various legal and regulatory risks, including compliance with anti-money laundering and anti-corruption laws, which could adversely impact its operations[167] Market and Economic Conditions - The COVID-19 pandemic has negatively impacted the global economy, affecting user creditworthiness and demand for the company's products and services[113] - The company may face material adverse effects on its business, financial condition, and results of operations due to unpredictable government measures related to COVID-19 and other public health threats[114] - Political and economic instability in Hong Kong may adversely impact the company's results of operations[188] Nasdaq Compliance - As of April 7, 2025, the company received a bid deficiency notice from Nasdaq regarding non-compliance with the minimum bid price requirement, with a deadline to regain compliance by October 6, 2025[221] - The company must achieve a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days to regain compliance with Nasdaq[221] - The company may consider implementing a reverse share split to regain compliance with Nasdaq's listing requirements if necessary[221]

Financial Data and Key Metrics Changes - Adjusted EBITDA loss improved to $2.9 million in Q4 2024, a significant improvement from losses of $6.4 million in Q1, $9.3 million in Q2, and $5 million in Q3 [5][6] - Gross margin expanded by 25 percentage points year over year, while net loss narrowed to $18.8 million from $94.3 million during the same period last year [6][12] - Total revenue fell by 40% year over year to $15.7 million, primarily due to a strategic pivot towards high-margin products [12] Business Line Data and Key Metrics Changes - Insurance revenue grew by 40% to $8.2 million in 2024, now accounting for a double-digit share of total revenue [7] - Wealth revenue surged by 138% to $8.5 million in 2024, driven by strong demand for investment products [7] - Revenue from insurance products increased by 10% year over year to $2.1 million, accounting for 14% of total revenue [12] Market Data and Key Metrics Changes - Registered members reached 7.5 million, up 42% year on year, indicating strong user engagement [6] - Approved applications grew by 21% year over year to 767,000, reflecting increasing user trust [6] Company Strategy and Development Direction - The company aims to achieve $100 million in revenue in 2025 and generate positive adjusted EBITDA in the second half of the year [6] - Focus on diversifying revenue mix towards high-margin products, lowering operating expenses, and improving operational efficiency [5][8] - Strategic pillars include consumer pull, conversion expertise, operating leverage, strong provider partnerships, and insurance brokerage [7][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining top-line growth momentum and highlighted the importance of strategic partnerships and technology investments [6][9] - The company is committed to becoming an AI-first organization, with initiatives underway to enhance customer service and automate workflows [9][50] - Management believes the stock is undervalued and expects the market to recognize the strength of the business model and operational performance [60] Other Important Information - The company has a debt-free balance sheet with $42.5 million in cash, providing a strong foundation for future growth [9] - Significant restructuring has led to a 45% reduction in employee-related expenses, optimizing the cost structure [42] Q&A Session Summary Question: What is the company's strategy to lower acquisition costs and leverage the growing membership base? - The company is focusing on customer segmentation and personalized marketing to lower customer acquisition costs, leveraging the growing registered member base for deeper engagement and monetization [19][20] Question: How much is insurance revenue expected to contribute for FY 2025? - While specific revenue guidance is not provided, insurance is expected to become a more meaningful driver in 2025, supported by new product offerings and enhanced customer experiences [22][23] Question: What is the capital allocation strategy given the current cash position? - The company maintains a disciplined approach to capital allocation, ensuring liquidity for operations while exploring growth opportunities that align with high-margin products and technology partnerships [27][28] Question: Which markets are expected to drive growth in 2025? - Singapore and Hong Kong are identified as mature markets for investment, while the Philippines and Taiwan present significant growth potential through enhanced conversion strategies and partnerships [30][32] Question: What impact has the reorganization had on cost structure and margins? - The restructuring has optimized the cost base, resulting in a significant reduction in employee-related expenses and improved adjusted EBITDA loss [41][42] Question: How are advertising and marketing expenses expected to change going forward? - Marketing expenses increased in 2024 due to targeted growth opportunities, but the company plans to maintain disciplined spending while optimizing campaigns for better ROI [45][47] Question: What are the plans for AI and automation? - The company is embedding AI into workflows to enhance operational efficiency, with initiatives in customer service and content creation already showing positive results [50][51] Question: How does the company plan to leverage the Nasdaq listing? - The Nasdaq listing has enhanced credibility and provided flexibility for growth initiatives, with a focus on executing the efficiency strategy to drive revenue growth and profitability [59][60]

Financial Data and Key Metrics Changes - Adjusted EBITDA loss improved to $2,900,000 in Q4 2024, the best quarterly performance since going public, compared to losses of $6,400,000 in Q1, $9,300,000 in Q2, and $5,000,000 in Q3 [5][6] - Gross margin expanded by 25 percentage points year over year, while net loss narrowed to $18,800,000 from $94,300,000 during the same period last year [6] - Total revenue fell by 40% year over year to $15,700,000, driven by a strategic pivot towards high-margin products [12][13] Business Line Data and Key Metrics Changes - Insurance revenue grew by 40% to $8,200,000 in 2024, now accounting for a double-digit share of total revenue [8] - Wealth revenue surged by 138% to $8,500,000 in 2024, driven by deepening banking relationships and robust demand for investment products [8] - Revenue from insurance products increased by 10% year over year to $2,100,000, accounting for 14% of total revenue, compared to 7% during the same period last year [13] Market Data and Key Metrics Changes - Registered members reached 7,500,000, up 42% year on year, reflecting strong user engagement [6] - Approved applications grew 21% year over year to 767,000, indicating increasing user trust and robust demand [6] Company Strategy and Development Direction - The company aims to achieve $100,000,000 in revenue in 2025 and generate positive adjusted EBITDA in the second half of the year [6] - Focus on diversifying revenue mix towards high-margin products, lowering operating expenses, and improving operational efficiency [5] - Strategic pillars include consumer pull, conversion expertise, operating leverage, strong provider partnerships, and insurance brokerage [7][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in regaining top-line growth momentum and highlighted the importance of a debt-free balance sheet and $42,500,000 in cash for future growth [10] - The company is positioned to capture a greater share of the large and growing addressable market in banking and insurance [10] - Management emphasized the commitment to becoming an AI-first organization, with several initiatives already underway to enhance operational efficiency [10][59] Other Important Information - The company has implemented a comprehensive reorganization to streamline operations and reduce costs, resulting in a 45% year-over-year decrease in employee-related expenses [46] - Marketing expenses increased in 2024 but were strategically focused on high-margin verticals, with a 23% reduction in marketing spend year over year in Q4 [50][52] Q&A Session Summary Question: What is the company's strategy to lower acquisition costs and leverage the growing registered membership base? - The company is focusing on customer segmentation and personalized marketing campaigns to lower customer acquisition costs, leveraging the growing member base for deeper engagement and monetization [21][22] Question: How much is the insurance revenue expected to contribute for FY 2025 and what will be the key drivers? - While specific revenue guidance is not provided, insurance is expected to become a more meaningful driver in 2025, with initiatives like a real-time car insurance platform and enhanced travel insurance offerings [25][26] Question: What is the capital allocation strategy given the current cash position? - The company maintains a disciplined approach to capital allocation, ensuring liquidity for operations while exploring growth opportunities that align with high-margin products and technology partnerships [31][32] Question: What markets are expected to drive growth in 2025? - Singapore and Hong Kong are identified as mature markets for simultaneous investment across strategic pillars, while the Philippines and Taiwan present emerging opportunities for growth [34][36] Question: Can you elaborate on the impact of the reorganization on cost structure and margins? - The restructuring has optimized the cost base and improved productivity, resulting in a significant reduction in employee-related expenses and enhanced operating leverage [46][47] Question: What are the plans for AI and automation, and their expected contributions? - The company is embedding AI into workflows to enhance operational efficiency, with initiatives in customer service and content creation already showing positive results [55][56] Question: How does the company plan to leverage the Nasdaq listing and improve stock performance? - The Nasdaq listing has enhanced credibility and provided flexibility for growth initiatives, with a focus on executing the efficiency strategy to drive revenue growth and profitability [64][65]

Core Insights - MoneyHero Limited reported a significant narrowing of net loss to US$(18.8) million in Q4 2024 from US$(94.3) million in the same period last year, indicating progress towards profitability [2][8][14] - The company achieved an Adjusted EBITDA loss of US$(2.9) million in Q4 2024, an improvement from US$(4.6) million in the prior year, marking its best quarterly performance since going public [2][8][14] - Revenue for Q4 2024 decreased by 40% year-over-year to US$15.7 million, primarily due to a strategic shift towards high-margin products [14][19] Financial Performance - Full year 2024 revenue decreased by 1% year-over-year to US$79.5 million, driven by a focus on profitability and diversification towards high-margin products [14][21] - Insurance revenue grew by 40% year-over-year to US$8.2 million, accounting for 10% of total revenue, while wealth products revenue surged by 138% to US$8.5 million [14][21] - Total operating costs and expenses for Q4 2024 decreased to US$25.2 million from US$45.6 million in the same period last year, reflecting the company's efficiency strategy [14][21] Operational Highlights - The company reported a 42% increase in registered members and a 21% rise in approved applications year-over-year in 2024, indicating strong customer engagement [2][21] - MoneyHero remains the largest digital acquisition partner for credit cards across its markets, leveraging this position to expand into high-margin verticals [4][29] - The company is committed to becoming an AI-first organization, with initiatives underway to deploy AI-powered customer service tools and automate workflows [5][6] Strategic Focus - Looking ahead to 2025, MoneyHero plans to maintain its focus on scaling high-margin verticals, particularly in insurance, while tightening cost controls [5][11] - The company has adopted a 'buy-over-build' philosophy for its product and tech strategy, enabling faster innovation through strategic partnerships [5][11] - A comprehensive reorganization and restructuring exercise is underway to streamline operations and enhance efficiency [10][11]

Core Insights - MoneyHero has launched an end-to-end car insurance purchasing journey in Hong Kong, enhancing its position in digital insurance brokerage and conversion optimization [1][4][6] Company Developments - The integration with bolttech allows customers to compare real-time insurance quotes and purchase policies directly on MoneyHero's platform, marking a significant milestone in the industry [1][2][8] - MoneyHero's insurance business has seen a 54% year-over-year revenue increase in the first nine months of 2024, with expectations for continued growth [5][6] Market Context - Hong Kong's motor vehicle business recorded gross written premiums exceeding HK$5 billion, with an insurance penetration rate of 17.2% in 2023, indicating a strong market opportunity for digital transformation [3][4] - The introduction of a fully integrated car insurance journey aligns with MoneyHero's strategic goals of leading the insurance brokerage sector and enhancing conversion rates [4][6] Future Outlook - The company anticipates similar success with car insurance as seen with travel insurance, which achieved conversion rates up to two times higher due to its seamless purchasing model [4][6] - Plans are in place to enhance the insurance purchasing experience across other markets and product lines, ensuring continued innovation in the industry [6][9]

Core Insights - MoneyHero Limited is expanding its collaboration with TransUnion to launch the Credit Hero Club in Hong Kong in Q2 2025, building on the success of a pilot program in 2023 [1][2] Group 1: Company Overview - MoneyHero is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia [1][6] - The company operates in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes platforms like MoneyHero, SingSaver, Money101, Moneymax, and Seedly [6][8] - As of September 30, 2024, MoneyHero had approximately 7.4 million Monthly Unique Users across its platform [8] Group 2: Credit Hero Club Initiative - The Credit Hero Club aims to empower consumers in Hong Kong to understand, manage, and improve their credit health, addressing the fragmented access to real-time credit insights [2][3] - Consumers will receive unlimited free access to their personal credit scores, personalized tips to enhance creditworthiness, and tailored recommendations for financial products [7] Group 3: Strategic Importance - The launch of Credit Hero Club is a strategic milestone for MoneyHero, expected to enhance user engagement, increase customer lifetime value, and strengthen revenue performance across its credit product portfolio [5] - The initiative is designed to create value for both consumers and financial institutions by improving transparency and simplicity in the consumer credit journey [4]

Company Overview - MoneyHero Limited (NASDAQ:MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia [3] - The company operates in Singapore, Hong Kong, Taiwan, and the Philippines, with a brand portfolio that includes B2C platforms such as MoneyHero, SingSaver, Money101, Moneymax, and Seedly, along with the B2B platform Creatory [3] - As of September 30, 2024, MoneyHero had over 270 commercial partner relationships and approximately 7.4 million Monthly Unique Users across its platforms [3] Upcoming Financial Results - MoneyHero will release its fourth quarter and full year 2024 results on April 29, 2025, before market opens [1] - A related conference call to discuss the results will be held at 8:00 a.m. EDT on the same day [1] Investor Engagement - Investors and interested parties can listen to the conference call via a registration link for the webcast or audio conference [2] - The webcast replay will be available on the Investor Relations website for 12 months following the event [2] Backing and Support - The company is backed by notable investors including Peter Thiel and Richard Li, enhancing its credibility and market position [3]

SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (NASDAQ:MNY) ("MoneyHero" or the "Company"), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, has launched a new three-click travel insurance purchase feature for its members in Singapore. This enhancement allows returning users to instantly purchase travel insurance in just three simple clicks, eliminating the need to repeatedly fill out forms and savin ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...