Society Pass Incorporated (SOPA) Reports Q3 Loss, Misses Revenue Estimates

Core Viewpoint - Society Pass Incorporated (SOPA) reported a quarterly loss of $0.48 per share, which was better than the Zacks Consensus Estimate of a loss of $0.61, marking an earnings surprise of 21.31% [1] - The company’s revenues for the quarter ended September 2024 were $1.68 million, missing the Zacks Consensus Estimate by 32.01% and down from $2.27 million a year ago [2] Financial Performance - The company has surpassed consensus EPS estimates two times over the last four quarters [2] - The stock has lost approximately 78.9% since the beginning of the year, contrasting with the S&P 500's gain of 24.7% [3] Future Outlook - The earnings outlook for Society Pass Incorporated is mixed, with the current consensus EPS estimate for the coming quarter at -$0.44 on revenues of $3.17 million, and -$2.84 on revenues of $9.16 million for the current fiscal year [7] - The company currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Society Pass Incorporated belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Duos Technologies Group, Inc. (DUOT), is expected to report a quarterly loss of $0.25 per share, with revenues projected to be $2.8 million, reflecting an 83% increase from the year-ago quarter [9][10]