Webuy reports $58.3mln FY2024 revenue, first group-level profit in Q4, 30% op.exp. reduction.

• Webuy Global reports FY2024 annual revenue of $58.3mln • Operating expenses reduced by 30% • Achieved first group-level profit in Q4 2024 • Completed reverse stock split for Nasdaq relisting • Deployed AI-driven tools for customer experience enhancement and scalability • Filed 2024 annual report (Form 20-F) with the SEC

Webuy Global Ltd. (OTC: WBUY), a technology-driven community e-commerce and travel platform in Southeast Asia, has reported its FY2024 results, marking a significant milestone with the achievement of its first-ever quarterly profit in Q4 2024. The company generated annual revenue of $58.3 million, maintaining stable performance across core verticals [1].

Key achievements include a 30% reduction in operating expenses through tighter cost control measures and the completion of a 1-for-120 reverse stock split in April 2025, positioning the company for potential Nasdaq relisting. Additionally, the company has implemented AI-driven tools across operations to enhance customer experience and scalability [1].

The shift toward higher-margin verticals, leaner operations, and strategic cost management contributed to the company's breakthrough profitability in Q4 2024. Webuy has focused on streamlining its cost base while redeploying resources toward scalable businesses such as travel [1].

The completed 1-for-120 reverse stock split addresses a critical capital markets challenge for Webuy. While reverse splits don't change fundamental value, they often serve as necessary technical adjustments for OTC-traded companies targeting major exchange listings. A successful Nasdaq relisting would significantly enhance visibility, liquidity, and institutional investor access - particularly valuable for a company with just $11.45 million market capitalization [1].

For context, achieving initial profitability represents a crucial developmental milestone in the lifecycle of emerging technology platforms. The integration of AI-driven tools across operations further demonstrates management's focus on scalable infrastructure that can support growth while maintaining cost discipline [1].

However, investors should note the financial details provided - while Q4 showed profitability, the full year's bottom line wasn't specified, suggesting earlier quarters likely recorded losses. The absence of year-over-year comparisons for revenue also limits comprehensive performance assessment. Nevertheless, the transition from consistent losses to even a single quarter of profitability typically signals improving unit economics and business model validation [1].

On April 22, 2025, Webuy Global filed its 2024 annual report (Form 20-F) with the U.S. Securities and Exchange Commission. The report is available at www.sec.gov and the Company’s investor relations website [1].

References:
[1] https://www.stocktitan.net/news/WBUY/webuy-global-ltd-reports-fy2024-results-and-achieves-first-ever-t9vv6or2xo2u.html