Treasure Global Inc. Q3 FY2024 earnings call

• Achieved the new ZCITY Premium Store, which broadened product portfolio and boosted gross profit margin.
• Successfully filed and initiated an ATM offering securing up to $2.99 million in aggregate offering price.
• Further solidified competitive advantage in blockchain market with partnership as exclusive provider of an AI forcing wallet on Telegram.
• Secured a $2 million marketing contract with Satria Dunia Sdn Bhd to showcase premium Korean beauty products using ZCITY advanced AI marketing engine.
• Talking with Shanghai Guangxi Chamber of Commerce about running the Malaysia Pavilion to access Chinese online shopping market.
• ZCITY Premium Store sold over 6,000 Bill Saver Bonanza Packs in 4 months, enhancing user engagement and gross profit stream.
• Launched 10 exciting mini games integrated with AI Game Creator in ZCITYs 3D World.
• Won MARKETING-INTERACTIVE Asia eCommerce Awards 2023 silver trophy for best e-commerce solution.

In the third quarter of Fiscal 2024, Treasure Global's gross profit reached $217,000, marking a substantial increase of 47% compared to the same period last year. Total revenue for the quarter was $1.6 million, a decrease of approximately 76% from the second quarter of Fiscal 2024. Net losses decreased to approximately $1.7 million compared to approximately $2.9 million in the third quarter of Fiscal 2023. As of March 31, 2024, cash balance was approximately $0.3 million. ZCITY had over 2.69 million registered users and over 2,027 registered merchants as of March 31, 2024. Quarterly active users were 41,455, with 0.19 million transactions by registered users in the quarter ended March 31, 2024. Revenue contribution details weren't explicitly broken down by product segment in the transcript.

• Reallocated resources away from lower margin offerings towards high-margin solutions for long-term gain.
• Positive outlook on innovation and market expansion efforts.
• Expecting good standing with NASDAQ, demonstrating commitment to corporate governance and transparency.