NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing corporate transformation, Society Pass Incorporated (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, today announces the roll out of a comprehensive mergers and acquisition (“M&A”) strategy to capture potential significant valuation arbitrage acquisition opportunities across privately-held companies located in SEA, Europe and North America. The Company will be partnered up with selected regional an ...

NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- As part of its ongoing corporate transformation, Society Pass Inc. (Nasdaq: SOPA) (the “Company”), Southeast Asia’s (SEA) next generation e-commerce ecosystem, today announces the evolution of its business model to re-position itself as an acquirer and operator of AI-driven software and network infrastructure companies located in SEA, Europe and North America. The Company looks to invest in and acquire equity stakes in data centre and telecoms operators over the n ...

Core Insights - Society Pass Incorporated (SOPA) reported a quarterly loss of $0.89 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.07, marking an earnings surprise of -1,171.43% [1] - The company's revenues for the quarter ended September 2025 were $1.38 million, missing the Zacks Consensus Estimate by 42.5% and down from $1.68 million a year ago [2] - The stock has increased by approximately 87.1% since the beginning of the year, outperforming the S&P 500's gain of 14.6% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is -$0.07 on revenues of $2.4 million, and for the current fiscal year, it is -$0.42 on revenues of $8.8 million [7] Industry Context - The Technology Services industry, to which Society Pass Incorporated belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]

Revenue Performance - Revenue for the three months ended September 30, 2025, was $1,380,382, a decrease from $1,675,894 in the same period of 2024, while revenue for the nine months ended September 30, 2025, increased to $5,355,380 from $5,233,483 in 2024[331]. - Digital marketing revenue for the nine months ended September 30, 2025, was $4,049,548, down from $4,542,073 in 2024, primarily due to a drop in MCN viewer revenue and awarded premium contracts[332]. - Online ticketing and reservations revenue increased to $1,287,769 for the nine months ended September 30, 2025, compared to $650,480 in 2024, attributed to partnerships with more vendors for competitive pricing[332]. - United States revenue decreased from $2,679,269 to $1,284,480, a decline of approximately 52% due to customer content restrictions[333]. - Vietnam revenue decreased from $557,402 to $41,703, a decline of approximately 93% due to fewer projects awarded[333]. - Singapore revenue increased from $140,216 to $1,753,635, an increase of approximately 1155% driven by digital marketing and online ticketing[333]. - In the Lifestyle sector, the Company generated revenue of $10,212 million for the three months ended September 30, 2025, compared to $4,931 million for the same period in 2024, representing a year-over-year increase of 106%[384]. - For the nine months ended September 30, 2025, revenue in the Lifestyle sector was $17,591 million, down from $29,360 million in 2024, indicating a decline of 40%[385]. - Telecommunications revenue for the three months ended September 30, 2025, was $75 million, a decrease from $106 million in 2024, reflecting a decline of 29%[390]. - For the nine months ended September 30, 2025, telecommunications revenue was $472 million, significantly lower than $4,849 million in 2024, marking a decline of 90%[391]. - Online advertising revenue for the three months ended September 30, 2025, was $801,422 million, down from $1,461,480 million in 2024, a decrease of 45%[402]. - For the nine months ended September 30, 2025, online advertising revenue was $4,049,548 million, compared to $4,542,073 million in 2024, a decline of 11%[403]. Financial Performance - Gross income for the three months ended September 30, 2025, was $887,340, significantly higher than $365,646 in the same period of 2024[331]. - Total operating expenses for the three months ended September 30, 2025, were $6,131,964, compared to $1,540,260 in 2024, leading to a loss from operations of $5,244,624[331]. - Net loss for the three months ended September 30, 2025, was $5,280,759, compared to a net loss of $1,380,578 in the same period of 2024[331]. - General and Administrative expenses increased significantly to $5,995,012 for the three months ended September 30, 2025, compared to $1,486,362 in 2024, reflecting a 303% increase[340]. - For the three months ended September 30, 2025, the net loss attributable to Society Pass Incorporated was $5,118,989, compared to a net loss of $1,377,885 for the same period in 2024, indicating an increase in net loss of approximately 271.5%[438]. - The diluted net loss per share for the nine months ended September 30, 2025, was $(1.30), compared to $(2.25) for the same period in 2024, showing an improvement of approximately 42.2%[438]. - The weighted average common shares outstanding for the nine months ended September 30, 2025, was 6,105,525, compared to 2,733,145 for the same period in 2024, representing an increase of approximately 123.5%[438]. Cash and Assets - As of September 30, 2025, cash and cash equivalents totaled $6,552,702, with accounts receivable at $1,337,498[345]. - Net cash used in operating activities for the nine months ended September 30, 2025, was $22,521,547, compared to $1,178,148 in 2024[348]. - Net cash provided by financing activities for the nine months ended September 30, 2025, was $21,650,885, primarily from public offerings[354]. - As of September 30, 2025, cash and cash equivalents amounted to $6,552,702, down from $7,630,079 as of December 31, 2024, indicating a decrease of approximately 14.1%[361]. - The Company reported inventories of $82,131 as of September 30, 2025, a decrease of 47.9% compared to $157,734 as of December 31, 2024[365]. - There was no allowance for doubtful accounts recorded as of September 30, 2025, and December 31, 2024, indicating effective management of accounts receivable[364]. - The Company reported contract assets of $79,826 million as of September 30, 2025, down from $333,188 million at the end of 2024[420]. - Contract liabilities decreased to $750,528 million on September 30, 2025, from $1,426,901 million at the end of 2024, indicating a reduction of 47%[422]. - The Company recorded a right of use asset of $838,050, an increase from $751,672 as of December 31, 2024[444]. Strategic Initiatives - The company has made several acquisitions to expand its e-commerce ecosystem, including the acquisition of digital marketing and travel agencies in 2023[320][322]. - The loyalty platform allows consumers to earn Society Points, which are used to enhance sales through data aggregation and consumer behavior analysis[316]. - The company operates in various sectors including loyalty, lifestyle, telecommunications, digital marketing, and travel, aiming to create a comprehensive digital ecosystem in Southeast Asia[315]. - The company’s telecommunications platform, Gorilla, allows users to convert unused mobile data into digital assets, enhancing customer engagement[318]. - The telecommunications platform "Gorilla" ceased local mobile data services to refocus on overseas internet data services, indicating a strategic shift in business operations[380]. - The Company acquired NusaTrip Group, expanding its reach into the Southeast Asian travel industry, with over 1.2 million registered users and connections to over 80 million unique visitors[383]. - TMG, a digital media platform acquired by the Company, has uploaded over 675,000 videos with over 80 billion views, enhancing the Company's digital marketing capabilities[382]. Compliance and Accounting - The Company has opted out of the extended transition period for compliance with new or revised accounting standards, committing to adhere to applicable standards on their effective dates[356]. - The Company adopted ASC 842 for leases, recognizing operating lease right-of-use assets and liabilities based on the present value of lease payments[440]. - The Company follows ASC Topic 718 for share-based compensation, recognizing stock-based compensation as an expense during the three and nine months ended September 30, 2025, and 2024[444]. - The Company issued warrants in connection with financing and collaboration arrangements, measured at fair value using the Black-Scholes Option Pricing Model[445]. - The Company assesses loss contingencies related to legal proceedings and recognizes estimated liabilities in its financial statements if a material loss is probable and can be estimated[450]. - The carrying amounts of the Company's financial assets and liabilities approximate their fair values due to the short maturity of these instruments[455]. - The Company adopted ASU No. 2023-09, which requires additional disclosures for income tax components, effective for annual periods beginning after December 15, 2024[457]. - The Company is evaluating the potential impact of ASU 2024-03, which requires disclosures about certain costs and expenses, effective for annual periods beginning after December 15, 2026[458]. - The Company concluded that its disclosure controls and procedures are not effective at the reasonable assurance level as of the end of the reporting period[465]. - There were no changes in the Company's internal control over financial reporting that materially affected its effectiveness during the period ended September 30, 2025[466].

Company Movements - Spruce Biosciences, Inc. experienced a monumental surge, with its price jumping to $136.81, marking a 1451% increase due to the FDA granting Breakthrough Therapy Designation for its tralesinidase alfa enzyme replacement therapy for treating Sanfilippo Syndrome Type B [1][7] - OneMedNet Corporation Warrants saw its price increase by 233.17% to $0.19, related to a strategic partnership with Palantir Technologies to enhance its healthcare AI and data analytics capabilities [2][7] - OneMedNet Corporation also made notable gains, with its price escalating by 184.88% to $2.93, driven by investor optimism around its technology and the partnership with Palantir Technologies [3][7] - Society Pass Incorporated experienced a 146.18% increase in its price to $3.47, following an analyst upgrade based on the company's robust second-quarter performance and positive future outlook [4][7] - Argo Blockchain plc saw its price rise by 106.89% to $0.86, despite uncertainty over its financial future, linked to ongoing negotiations regarding a senior secured loan crucial for its recapitalization plan [5][7] Market Dynamics - The significant price movements of these companies underscore the diverse factors at play in the financial markets, including technological innovations, clinical advancements, and strategic corporate actions [6][7]

Core Insights - Society Pass Inc. experienced a significant increase in share price following a positive equity research report from Ascendiant Capital Markets, which highlighted strong Q2 2025 results and an improved outlook for the company [1][6]. Financial Performance - Society Pass reported revenue of $2.5 million for Q2 2025, marking a 46% increase year-over-year and exceeding estimates of $1.5 million. The company achieved earnings of 10 cents per share, contrasting with an expected loss of 24 cents per share [1][3]. - Ascendiant raised its revenue forecast for 2025 to $8.8 million from $6.2 million and adjusted its earnings estimate to a loss of 42 cents per share from a loss of 1.04 dollars. For 2026, revenue projections were increased to $10 million from $9 million, with a revised loss estimate of 47 cents per share compared to a previous loss of 63 cents [3]. Market Position and Valuation - Society Pass operates in Southeast Asia, focusing on digital media, travel, and lifestyle platforms, with a presence in Vietnam, Indonesia, the Philippines, Singapore, and Thailand [2]. - The company's current market capitalization is approximately $5 million, significantly lower than its estimated cash reserves of $29 million, which includes $17 million raised from the IPO of its subsidiary NusaTrip [4]. - NusaTrip shares are trading near $8.00, approximately double their IPO price, and Society Pass holds about 12 million shares in NusaTrip, representing a 75% stake valued at around $100 million [5]. Future Prospects - Ascendiant reaffirmed a Buy rating for Society Pass and raised its 12-month price forecast to $18 from $15, citing favorable growth prospects and a discount to intrinsic value despite near-term commercialization challenges [6]. - Society Pass's subsidiary, Thoughtful Media, is expected to go public by the end of 2025, with a valuation anticipated to be comparable to NusaTrip [4]. Compliance and Stock Performance - Society Pass received confirmation from the Nasdaq Capital Market on September 2, 2025, regarding compliance with Rule 5550(b)(2), ensuring the company meets the minimum stockholders' equity requirement [7]. - Following the positive report, Society Pass shares were trading 106.3% higher at $2.89 [7].

Company Developments - Advanced Micro Devices (NASDAQ:AMD) shares surged over 27% following a landmark agreement with OpenAI to deploy up to 6 gigawatts of AMD Instinct GPU power for AI infrastructure [2][3] - The initial phase includes a rollout of 1 gigawatt of AMD Instinct MI450 GPUs in the second half of 2026, with plans for further expansions across multiple generations of AMD's data center chips [2] Market Movements - Spruce Biosciences, Inc. (NASDAQ:SPRB) shares increased by 316% after receiving U.S. FDA breakthrough therapy designation for its enzyme replacement therapy for Sanfilippo Syndrome Type B [9] - OneMedNet Corporation (NASDAQ:ONMD) shares surged 143% after selecting Palantir Technologies to enhance its healthcare AI and real-world data analytics operations [9] - Society Pass Incorporated (NASDAQ:SOPA) shares rose by 113% [9] - Lixiang Education Holding Co., Ltd. (NASDAQ:LXEH) shares fell 58% [9] - Skye Bioscience, Inc. (NASDAQ:SKYE) shares dropped 54% after failing to meet primary endpoint in a study [9] - Dragonfly Energy Holdings Corp. (NASDAQ:DFLI) shares decreased by 28% following a $25 million public offering announcement [9] Commodity Updates - Oil prices increased by 0.7% to $61.28, while gold rose by 1.8% to $3,977.90 [6] - Silver traded up 1.1% to $48.485, whereas copper fell by 1.4% to $5.0365 [6]

Core Viewpoint - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - Society Pass Incorporated (SOPA) has increased by 139% to $3.34 - Critical Metals Corp. (CRML) has risen by 79% to $14.30 - Sanmina Corporation (SANM) is up 26% at $144.61 - Palisade Bio, Inc. (PALI) has gained 25% to $2.00 - Advanced Micro Devices, Inc. (AMD) has increased by 24% to $205.07 - Odyssey Marine Exploration, Inc. (OMEX) is up 22% at $2.46 - Youxin Technology Ltd (YAAS) has risen by 21% to $3.14 - NioCorp Developments Ltd. (NB) is up 18% at $9.38 - Snow Lake Resources Ltd. (LITM) has increased by 14% to $5.66 - Plug Power Inc. (PLUG) is up 7% at $4.10 [3] Premarket Losers - Rich Sparkle Holdings Limited (ANPA) has decreased by 15% to $22.10 - CCH Holdings Ltd Ordinary Shares (CCHH) is down 15% at $3.73 - Xcel Brands, Inc. (XELB) has fallen by 14% to $2.04 - Quantum Computing Inc. (QUBT) is down 13% at $21.39 - Rent the Runway, Inc. (RENT) has decreased by 12% to $4.70 - MDJM Ltd (UOKA) is down 11% at $2.96 - CID HoldCo, Inc. (DAIC) has fallen by 9% to $2.72 - Algorhythm Holdings, Inc. (RIME) is down 9% at $2.47 - Corbus Pharmaceuticals Holdings, Inc. (CRBP) has decreased by 8% to $13.50 - Art's-Way Manufacturing Co., Inc. (ARTW) is down 7% at $2.58 [4]

Company Overview - Society Pass Inc. is an e-commerce ecosystem founded in 2018, focusing on fast-growing markets in Southeast Asia, including Vietnam, Indonesia, Philippines, Singapore, and Thailand, which together account for over 80% of the region's population [3] - The company operates three interconnected verticals: digital media, travel, and lifestyle, leveraging technology to enhance customer experience and transform the retail value chain in Southeast Asia [3] Financial Performance - In Q2 2025, Society Pass reported revenues of $2.5 million, marking a 46% year-on-year growth, significantly exceeding previous estimates of $1.5 million [5] - The earnings per share for Q2 2025 was $0.10, compared to estimates of $(0.24) [5] - Ascendiant has raised its 2025 revenue estimates to $8.8 million from $6.2 million and adjusted EPS estimates to $(0.42) from $(1.04) [5] - For 2026, revenue estimates have been increased to $10.0 million from $9.0 million, with EPS estimates adjusted to $(0.47) from $(0.63) [5] Market Position and Valuation - Society Pass's market capitalization is approximately $5 million, while it holds an estimated $29 million in cash, including $17 million from NusaTrip's IPO, indicating that its shares are significantly undervalued [5] - NusaTrip, in which Society Pass owns about 75% (approximately 12 million shares), is trading at around $8.00 per share, suggesting an estimated value of $100 million for Society Pass's stake, highlighting a disconnect from its current trading price [5] - Ascendiant maintains a BUY rating for Society Pass, raising its 12-month price target to $18 from $15, based on a net present value analysis, indicating significant upside potential from the current share price [5] Growth Prospects - Society Pass's main products face long commercialization challenges, but the market potential is estimated to be around a billion dollars, presenting high rewards for the associated risks [5]

Core Points - Society Pass Incorporated (SoPa) is a Southeast Asia-based investment holding company that has filed a Form 8-K with the SEC [1] - The company received a notice from Nasdaq on September 2, 2025, confirming compliance with the Equity Rule, which requires a minimum of $2,500,000 in stockholders' equity [2] - Society Pass was founded in 2018 and operates in fast-growing markets including Vietnam, Indonesia, Philippines, Singapore, and Thailand, which together represent over 80% of the Southeast Asia population [3] Company Information - Society Pass completed its initial public offering and began trading on Nasdaq under the ticker SOPA in November 2021 [3] - The company has established offices in major cities across Southeast Asia, including Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore [3]