Treasure Global Inc. Q1 FY2024 earnings call

• Announced acquisition of AI technology to introduce an artificial intelligent robot for ZCITY's TikTok Live Commerce, creating an immersive shopping experience.
• Launched a merchant AI engine for ZCITY in collaboration with Boost, personalizing e-voucher deals for users.
• Released TAZTE 2.0, an upgraded digital food and beverage management system, aiming to drive margin growth.
• Expanded Foodlink as a master franchisor, with Abe Yus expanding curry puff distribution.
• Formed e-commerce venture in Indonesia with HBD, granted exclusive rights to promote ZCITY in Indonesia.
• Partnered with VCI Global to develop AI-powered travel platform for Malaysian travelers.
• Secured partnership with Malaysia Retail Chain Association for TAZTE as exclusive digital food and beverage solution.
• Collaborated with Ministry of Domestic Trade for Package Rahmah program and Borderland Music Festival for cashless ticketing platform using ZCITY app.

For the first quarter of Fiscal Year 2024, total revenue was $13.5 million, down from $15.6 million in the same period of the previous year. Gross profit was approximately $163,000, up from $37,000 compared to the same period last year. ZCITY, a key segment, has over 2.66 million registered users and 2,026 registered merchants as of November 6, 2023. TAZTE, another segment, saw a 1.5x increase in gross merchandise value (GMV), 2x growth in total transactions, and 2.5x increase in monthly transaction users.

• Focus on further expansion into Indonesia and Southeast Asia.
• Expect further improvement in gross profit and margin as revenue-generating initiatives continue.
• Projected 100% overall gross profit growth every month from the partnership with UCSI Hospital for health and wellness.

• Forward-looking statements are subject to numerous conditions beyond the company's control, as outlined in the Risk Factors section of the company's Form 10-K for the year ended June 30, 2023, and subsequent filings with the SEC.