The following is a summary of the Treasure Global Inc (TGL) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Treasure Global Inc reported a gross profit of $217,000 in Q3, marking a 47% increase from the same period last year.

• Total revenue, however, shrank to $1.6 million this quarter, down 76% from the previous quarter.

• The company narrowed its net loss to $1.7 million, a marked improvement from $2.9 million loss in Q3 2023.

• Cash balance stood at $0.3 million, a significant decline from prior year's figure of $4.1 million.

Business Progress:

• Treasure Global initiated a move for an ATM offering that aims to secure $2.99 million for funding business innovations.

• Launch of ZCITY Premium Store has enhanced the company's gross profit growth while collaborations and partnerships have positioned the company to leverage potential in the blockchain market and AI applications.

• Expansion into Meta's live shopping events and AI integrated gaming, along with securing a $2 million marketing contract, represent forward-looking steps in leveraging AI capabilities.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.