Picture of Treasure Global logo

TGL — Treasure Global News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologySpeculativeMicro CapValue Trap

Treasure Global Q2 revenue jumps, net loss widens

Overview

Malaysia-based technology firm's Q2 revenue rose significantly yr/yr

Company reported net loss of USD3.11 mln, offset by derivative liability adjustments

Company advances fintech strategy with OXI Wallet launch

Outlook

Company to scale OXI Wallet ecosystem to expand financial services capabilities

Treasure Global aims to enhance operational efficiency and optimize margins

Company focuses on advancing digital commerce innovation and platform enhancements

Result Drivers

ZCITY PLATFORM - Revenue growth driven by increased E-voucher transactions on ZCITY platform

DIGITAL COMMERCE ENHANCEMENTS - Co is enhancing digital commerce capabilities and expanding platform features to improve user engagement

OXI WALLET INITIATIVE - OXI Wallet expected to support long-term fintech strategy and create new revenue opportunities

Company press release: ID:nGNX5xP4JL

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Revenue$1.08 mln
Q2 Net Income-$3.11 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Treasure Global

See all news