Treasure (TGL)

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Treasure (TGL) - 2024 Q2 - Earnings Call Transcript
2024-02-15 19:32
Financial Data and Key Metrics - Gross profit for Q2 FY2024 was approximately $346,000, up from $234,000 in the same period last year, reflecting a 47.9% increase [6] - Net loss for Q2 FY2024 was approximately $1.2 million, compared to $2 million in Q2 FY2023, showing a 40% reduction in losses [6] - Total revenue for Q2 FY2024 was $6.7 million, down from $20.4 million in the same period last year, a 67.2% decline [27] - Cash balance as of December 31, 2023, was approximately $1.2 million, compared to $4.7 million as of December 31, 2022 [28] Business Line Data and Key Metrics - ZCITY had over 2.68 million registered users and 2,027 registered merchants as of December 31, 2023 [28] - Quarterly active users for Q2 FY2024 were 156,979, with paid users down by 64% [28] - A total of $0.58 million in transactions were conducted by registered users in Q2 FY2024 [31] - The Premium Store and ZCITY 3D World, powered by AI, have driven higher gross profit and user engagement [12][33] Market Data and Key Metrics - The global gaming market is valued at $212 billion, and ZCITY is positioning itself to capture this market through in-game purchases and virtual goods [12] - The Malaysian e-commerce market is projected to reach USD 20.9 billion by 2029, and the company is leveraging AI to enhance its presence in this market [14] Company Strategy and Industry Competition - The company is focusing on higher-margin businesses, such as TAZTE and ZCITY, and has moved away from lower-margin solutions like e-voucher products [24][35] - Strategic partnerships, such as the one with AIO Synergy, aim to develop next-generation AI solutions and data centers, focusing on the Malaysian market [22][26] - The company is leveraging AI to enhance product offerings, anticipate consumer demand, and increase market share [11][20] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the company's future, citing progress in business strategy and innovation, which has attracted new customers, partners, and investors [2][5] - The company expects to capitalize on the growing Southeast Asian AI market and is committed to developing innovative products and advancing new market opportunities [34] - Management believes the company is well-positioned for future growth and will continue to innovate and generate profitable growth [5][30] Other Important Information - The company raised $4 million through a public offering, using a portion to retire $2.1 million in convertible notes, strengthening its financial position [13] - ZCITY received a silver trophy for the best e-commerce solution at the Marketing Interactive Asia E-commerce Awards 2023 [4] - The company hosted a successful Live Commerce event on TikTok, engaging over 6,400 viewers and leading to approximately 1,100 purchases [21] Q&A Session Summary - No specific questions or answers were provided in the transcript [3][29]
Treasure (TGL) - 2024 Q2 - Quarterly Report
2024-02-14 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________ to________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (I.R.S. ...
Treasure (TGL) - 2024 Q1 - Quarterly Report
2023-11-14 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________ to________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State ...
Treasure (TGL) - 2023 Q4 - Annual Report
2023-09-28 20:05
Revenue Streams - ZCITY's revenue streams include product and loyalty program revenue, transaction revenue, and agent subscription revenue[101]. Economic Environment - The company operates in Malaysia, which is projected to have an average annual GDP growth rate of 4.5% over the next five years according to the IMF[102]. - ZCITY aims to expand operations to other Southeast Asian countries, leveraging solid economic fundamentals and a growing middle class[103]. Growth Strategy - The company plans to recruit new consumers and register more TAZTE merchants efficiently, creating a cycle of growth[104]. - ZCITY's TAZTE program aims to transform traditional F&B business operations, potentially increasing merchant revenues[106]. - The company is evaluating investment and acquisition opportunities in the e-commerce sector to expand service offerings[109]. User Base and Marketing - The company has nearly one million registered users, providing merchants access to a significant consumer database for marketing[106]. Partnerships and Technology - ZCITY is pursuing strategic partnerships with various Malaysian companies to enhance the ZCITY App's value[111]. - ZCITY's technology includes a multilayer cloud-based software platform, which is crucial for its operations and monetization strategy[117]. Workforce - As of June 30, 2023, ZCITY employed 103 full-time employees, focusing on employee well-being and retention strategies[126].
Treasure (TGL) - 2023 Q3 - Quarterly Report
2023-05-08 20:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM_________ to________ COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) | Delaware | 36-4965082 | | --- | - ...
Treasure (TGL) - 2023 Q2 - Quarterly Report
2023-02-14 19:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED December 31, 2022 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM to COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State or other jurisdict ...
Treasure (TGL) - 2023 Q1 - Quarterly Report
2022-12-19 22:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM to COMMISSION FILE NUMBER 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State or other jurisdic ...
Treasure (TGL) - 2022 Q4 - Annual Report
2022-12-05 21:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 001-4147 Treasure Global Inc (Exact name of registrant as specified in its charter) Delaware 36-4965082 (State or other jurisdic ...