Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Argus Research: Society Pass (Nasdaq: SOPA) - Fair Value Represents Significant Upside from Current Valuation

NEW YORK, NY - (NewMediaWire) - May 23, 2022 - Argus Research Co (“Argus”) issues Equity Research Update on Society Pass Inc. (Nasdaq: SOPA).

Click Here to view full Argus Research Equity Research Update.

Summary:

  • The company’s recent market cap near $40 million is less than one-time Argus’ 2022 year-end revenue run-rate forecast of $50 million, well below the average multiple of more than six for a basket of comparable e-commerce peers.

  • In May 2022, Society Pass reported first-quarter 2022 revenues of $445,090, representing more than 4,600% growth over the prior-year period.

  • As of March 31, 2022, Society Pass held nearly $31 million in cash on its balance sheet, with no debt. In Argus’ view, the company is capitalized sufficiently to execute on its robust M&A strategy, while maintaining flexibility to limit share issuances.

  • As of March 2022, Society Pass had amassed more than 1.6 million registered users and over 5,500 affiliated merchants.

  • Based on Argus’ EV/revenue analysis, Argus arrives at a fair value estimate for SOPA of $10 per share, well above current levels.

Building a Loyalty-Driven E-Commerce Platform in Southeast Asia. Society Pass is an e-commerce company operating in fast-growing Southeast Asian markets. The company has built a strong e-commerce platform for consumer goods, luxury fashion, and food and beverage delivery, and provides related software and systems for participating merchants. It is also expanding into additional verticals, including, telecoms, digital advertising, travel booking, and food and beverage ordering.

Business Model. Society Pass acquires smaller e-commerce companies with high growth potential at a relatively low cost, and expands its user base across a robust product and service ecosystem. Society Pass plans to integrate these diverse businesses through a loyalty program called Society Points, which it plans to launch during the second quarter of 2022.

Current Portfolio. Its current portfolio is driven by the Leflair platform, which enables local businesses in Vietnam to sell premium domestic and foreign brands. Leflair features more than 3,500 registered brands, primarily in the fashion & accessories, beauty & personal care, and home & lifestyle categories, and has approximately 1.5 million registered users. In February 2022, Society Pass acquired Handycart, a Vietnamese online restaurant delivery app, and Pushkart, a Philippines online grocery delivery app. Society Pass expects Handycart to provide delivery from 500 restaurants in Hanoi by the end of 2022 and for Pushkart to double its registered user base to over 500,000 and drive app downloads to over 150,000 in 2022.

Significant revenue growth for the next two years. Argus forecasts 2022 revenue of $14 million and 2023 revenue of $38 million, which includes contributions from recent acquisitions, namely Leflair, Pushkart, Handycart, and merchant software business #HOTTAB. Argus expects additional acquisitions to close throughout 2022, including lifestyle, travel-related, and digital-advertising businesses. Helped by the Society Points program’s launch, Argus expects the revenue run rate to be approximately $50 million by the end of the year.

About Society Pass

Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points, Society Points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform’s consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTABBIZ and #HOTTABPOS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam’s leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam.

For more information, please check out: http://thesocietypass.com/.

Media contact

PRecious Communications for SoPa

sopa@preciouscomms.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.