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Society Pass press release ( NASDAQ: SOPA ): Q4 gross margin percentage improved to 25.5% from -6.5% in 4Q 2021.
Revenue of $2.64M (+528.6% Y/Y) misses by $0.95M .
With cash on hand of $18.9M and book value of $20.3M on 31 December 2022, SoPa is well capitalised for the expected roll out of Society Pass loyalty platform in 2Q 2023 and continuing acquisitions of SEA companies in loyalty, lifestyle, food & beverage delivery, telecommunications, digital media, and travel verticals for the rest of 2023.