Webuy Announces Filing of 2023 Annual Report with the SEC, Launches Travel Business in Indonesia, and Expands into Insurance Referral Program [Yahoo! Finance]
WEBUY GLOBAL LTD. (WBUY)
Company Research
Source: Yahoo! Finance
retailer, today announces that on April 15, 2024, the Company filed its 2023 annual report (20-F) with the SEC. Notable recent events include the Company's launch of a travel business line in Indonesia and expansion into an insurance referral program. Key highlights of the Company's 2023 financial achievements follow: 2023 Financial Highlights Total revenues increased by 38.4% to US$61.7 million from US$44.6 million in the full year of 2022. The increase was mainly driven by sales of groceries in the Indonesian market and demand for the Company's tour packages in Singapore. Gross profit increased by 38.4% to US$5.1 million from US$3.8 million in the full year of 2022. Gross margin was approximately 8.3%, relatively flat compared to 8.4% in the full year of 2022, mainly attributable to the Company's ongoing efficiency optimization initiatives. Recent Developments In early 2024, the Company launched its travel business in Indonesia and expanded its presence in the growing Sout
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News
- Webuy Launches Travel Business in Indonesia [Yahoo! Finance Canada]Yahoo! Finance Canada
- Webuy Launches Travel Business in Indonesia [Yahoo! Finance]Yahoo! Finance
- Webuy Launches Travel Business in IndonesiaGlobeNewswire
- Presenting on the Emerging Growth Conference 70 Day 2 on May 9 Register NowGlobeNewswire
- Webuy to Present at the Emerging Growth Conference on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
WBUY
Sec Filings
- 5/7/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/30/24 - Form 424B4
- WBUY's page on the SEC website