Society Pass rporated(US:SOPA) Globenewswireยท2025-10-06 11:29Company 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]