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DigiAsia Corp (FAAS) Reports Strong First Half 2024 Financial Results, Achieves 45% Revenue Growth vs First Half of 2023
Newsfileยท 2025-06-13 12:00
Core Insights - DigiAsia Corp reported a 45% increase in revenue for the first half of 2024, reaching over $51 million compared to $35.3 million in the same period of 2023, indicating strong operational leverage and demand for its services [2][6] - The company's net loss improved by 59%, reducing to approximately $1.48 million from $3.68 million in the first half of 2023, reflecting effective execution and growing enterprise demand for its API-driven platform [2][6][7] Financial Highlights - Revenue for the first half of 2024 was $51,110,222, up 45% from $35,321,776 in the first half of 2023 [6] - Net loss was reduced to -$1,478,828, improving 59% from -$3,675,431 in the first half of 2023 [6] Business Strategy and Future Outlook - DigiAsia is planning to establish a corporate Bitcoin treasury to strengthen its balance sheet and align with its digital-first asset strategy, reflecting a commitment to blockchain-based financial infrastructure [3] - The company aims to expand its AI-powered Fintech-as-a-Service solutions across Southeast Asia, India, and the Middle East, enhancing financial inclusion through its embedded finance APIs [4]