SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs fro ...

Exhibit 99.1 UP FINTECH HOLDING LIMITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in US$, except for share, per share data, or otherwise noted) | --- | --- | --- | |----------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------------| | | As of December 31, \n2023 \nUS$ | As of June 30, (Unaudited) \n2024 \nUS$ | | Assets: | | | | Cash and cash equivalents | 322,599,616 | 392,528,408 | | Cash-s ...

2024 年 09 月 10 日 公司研究 评级：买入(首次覆盖) [Table_Title] 获客加速+交易放量，质押减值拖累业绩兑现 ——老虎证券（TIGR）公司动态研究 研究所： 证券分析师： 孙嘉赓 S0350523120002 sunjg@ghzq.com.cn 最近一年走势 相对表现 1M 3M 12M 市场环境和全面产品供应助推，2024Q2 公司营收及交易量再创新 高。1）公司 2024Q2 实现营业收入 8743.70 万美元，同比增长 32.4%， 环比+10.8%；实现净收入 7385.50 万美元，同比增长 32.8%，环比 +15.1%；归母净利润 2.6 百万美元，Non-GAAP 归母净利润 5.2 百 万美元，同比减少 66.10%，环比-64.67%。净利润下降是由于公司 暂停港股质押业务因市场形势极端，价格大幅下滑，计提了 1320 万 美元的损失准备，从而对贷款余额计提了准备金。2）2024Q2 公司 分别实现佣金收入/利息收入/其他收入 34.10 百万美元/44.20 百万美 元/6.30 百万美元，同比分别+54.9%/+21.2%/+31.6%，活跃的市场 环境和 ...

Daniel Balakov My Buy investment rating for UP Fintech Holding Limited (NASDAQ:TIGR) remains unchanged. Investors should ignore the headline earnings miss for TIGR, as this was attributable to a one-off provision which won't likely recur in the future. Instead, the market should reward UP Fintech for its positive growth momentum. TIGR achieved significant revenue growth acceleration in Q2 2024, and delivered a substantial top line beat. The favorable growth momentum for TIGR is likely to be sustained go ...

Investment Rating - The report does not explicitly state the investment rating for Tiger Brokers (TIGR) [1] Core Views - Tiger Brokers' Q2 2024 revenue reached $87.4 million, a 32.8% YoY increase, driven by strong trading volume and market sentiment recovery [1] - Net income attributable to shareholders was $2.6 million, a 66.1% YoY decline, primarily due to a one-time full provision [1] - Non-GAAP net income was $5.2 million, significantly lower YoY and QoQ, also impacted by the one-time provision [1] - Brokerage commission income reached a historical high for the quarter, driven by a rebound in trading volume [1] - Margin financing interest income increased due to improved market sentiment [1] - IPO distribution income contributed to a 31.6% YoY increase in other income [1] Financial Performance - Total revenue: $87.4 million, up 32.8% YoY [1] - Net income attributable to shareholders: $2.6 million, down 66.1% YoY [1] - Non-GAAP net income: $5.2 million, down significantly YoY and QoQ [1] - Brokerage commission income: $34.1 million, up 62.5% YoY and 23.9% QoQ [1] - Margin financing service fee income: $28.6 million, up 19.8% YoY [1] - Other income: $6.3 million, up 31.6% YoY [1] Operational Highlights - Total trading volume: $3.35 billion, up 73.5% YoY and 17.1% QoQ [1] - Mixed commission rate: 3.2bp, down 0.2bp YoY but up 0.8bp QoQ [1] - Customer assets reached $3.82 billion, a 16.2% QoQ increase, marking the seventh consecutive quarter of growth [1] - Number of funded customers: 230,790, up 16.8% YoY and 5.2% QoQ [1] - The company is confident in achieving its target of 150,000 new funded customers for 2024 [1] Cost and Expense Breakdown - Execution and clearing fees: $2.8 million, up 37.9% YoY [1] - Employee compensation and benefits: $28.6 million, up 19.8% YoY [1] - Occupancy, depreciation, and amortization: $2.1 million, down 16.6% YoY [1] - Marketing expenses: $13.2 million, up 345.1% YoY, reflecting increased investment during market recovery [1] - General and administrative expenses: $6.4 million, up 35.7% YoY [1] Future Outlook - The company has stopped its Hong Kong stock pledge and cash-out business, eliminating similar risks in the future [1] - Tiger Brokers is expected to benefit from the US and Hong Kong stock market resonance, with strong momentum in funding, trading volume, and other metrics [1]

佣金收入迅速增长，新加坡香港市场持续 开拓 核心观点 ⚫ 营收及利润增长明显，后续降息或将导致利息收入承压。1）公司 1Q24 实现营业收 入 7895 万美元， +19%yoy/+13%qoq ； 实 现 净 收 入 6416 万美元， +11%yoy/+19%qoq；归母净利润1233万美元/Non-GAAP归母净利润1471万美元， +55%yoy/+42%yoy 。 2 ） 1Q24 公司分别实现佣金收入 / 利息收入 / 其他收入 2779/4384/449 万美元，+9%/+27%/+30%yoy，+27%/+10%/-8%qoq，其中佣金收 入为 3Q22 以来新高，在高利率背景下利息收入连续九季度增长，但美联储降息后或 将导致后续公司利息收入下滑。 ⚫ 新加坡市场产品不断丰富，入金客户与交易规模共同驱动佣金收入持续增长。1） 24 年 3 月开发 Tiger BOSS 借记卡，成为第一家在新加坡推出创新借记卡解决方案 的公司。用户每消费一美元即可赚取零星股票，从而激发用户投资乐趣。1Q24 单季 入金客户新增 2.88 万，预计借记卡将吸引更多入金客户并提高入金转化率，24 全年 有望新增接近 ...

EXHIBIT 99.1 UP Fintech Holding Limited Reports Unaudited Second Quarter 2024 Financial Results Singapore, August 30, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: "In the second quarter, driven by a more active market environment and our comprehensive product offeri ...

UP Fintech Holding Limited (NASDAQ:TIGR) Q2 2024 Earnings Conference Call August 30, 2024 8:00 AM ET Company Participants Aaron Li - Head of Investor Relations Wu Tianhua - Chairman and Chief Executive Officer John Zeng - Chief Financial Officer Conference Call Participants Hua Fan - CICC Cindy Wang - China Renaissance Judy Zhang - Citi Operator Ladies and gentlemen, thank you for standing by, welcome to the UP Fintech Holding’s Limited Second Quarter 2024 Earnings Conference Call. At this time, all partici ...

SINGAPORE, Aug. 30, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “In the second quarter, driven by a more active market environment and our comprehensive product offerings, trading volumes increased 23.9% quarter over quarter and 62.5% year over ye ...

SINGAPORE, Aug. 19, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (“UP Fintech” or the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global investors, today announced that it will report its financial results for the second quarter ended June 30, 2024, before the U.S. market opens on August 30, 2024. UP Fintech’s management will hold an earnings conference call at 8:00 AM on August 30, 2024, U.S. Eastern Time (8:00 PM on August 30, 2024, Singapore/Hong Kong Time). Conference C ...