Treasure Global, Inc. ( (TGL) ) has released its Q3 earnings. Here is a breakdown of the information Treasure Global, Inc. presented to its investors.
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Treasure Global, Inc. is a Delaware-based holding company primarily engaged in the payment processing industry and operates an online-to-offline e-commerce platform known as ZCITY. The company focuses on providing a seamless payment solution and capitalizing on big data using artificial intelligence technology.
In its latest earnings report for the quarter ended March 31, 2025, Treasure Global, Inc. highlighted a significant improvement in financial performance, reporting a net income of $1.26 million compared to a net loss of $1.71 million in the same period last year. The company also launched a new revenue stream in customized software development services, marking a strategic expansion into the technology sector.
Key financial metrics from the report include a gross profit of $486,283, up from $217,006 in the previous year, and a notable increase in total assets to $30.4 million from $4.3 million. The company also reported a significant change in the fair value of derivative liabilities, contributing to a total other income of $1.3 million. Despite these gains, Treasure Global, Inc. continues to face challenges with operating expenses and cash flow from operations.
Looking ahead, Treasure Global, Inc. aims to address liquidity concerns through equity financing and financial support from related parties. The management remains focused on leveraging its innovative platform and exploring new growth opportunities to enhance its market position and financial stability.