SORA

MKT CAP:$72M

AsiaStrategy

Market Cap

$72M

Consumer Cyclical·Apparel - Footwear & Accessories·🇭🇰 Hong Kong·NASDAQ

Consumer Cyc.·Apparel·🇭🇰·NASDAQ

Stock Price

$2.77-$0.40 (-12.62%)

Apr 24, 2026

Company Details

AsiaStrategy, together with its subsidiaries, engages in trading, distribution, and retail of luxury watches in Hong Kong. The company sells its products under the Omega, Cartier, Rolex, Longines, Audermars Piguet, Patek Philippe, Blancpain...

CEO

Kwan Ngai

IPO Date

May 27, 2025

Website

asiastrategy.io

Key Metrics TTM

Revenue

$36M

— YoY

Net Income

$154.5K

EPS (Diluted)

$0.01

Free Cash Flow

$896.8K

Revenue / Share

$1.71

Gross Margin

7.7%

Operating Margin

2.7%

Net Margin

0.4%

FCF Margin

2.5%

P/S

2.0x

P/E

463.5x

Earnings Reports

FY 2024

May 12, 2025

$18M-6.4%EPS -$0.00

Q4 2024

Dec 31, 2024

$10M+32.8%EPS $0.01

Q2 2024

Jun 30, 2024

$8M-31.2%EPS -$0.01

FY 2023

Dec 31, 2023

$19M+32.3%EPS $0.01

Q4 2023

Dec 31, 2023

$7M+2.6%EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$7M	$631.3K	$96.8K
Q4 22	$7M	$631.3K	$96.8K
Q2 23	$12M	$910.5K	$464.7K
Q4 23	$7M	$461.7K	$294.4K
Q2 24	$8M	$541.3K	-$118.7K
Q4 24	$10M	$875.5K	$347.1K

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	3.9x	475.4x
Q2 24	3.8x	8750.2x
Q4 24	3.5x	826.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	-$1M	-$1M
Q4 22	-$1M	-$1M
Q2 23	-$86.0K	-$86.0K
Q4 23	$1M	$1M
Q2 24	$1M	$1M
Q4 24	-$2M	-$2M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 24	+11.4%	+14.7%
Q4 24	+36.3%	+33.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q4 22	$0	0.0%
Q2 23	$0	0.0%
Q4 23	$0	0.0%
Q2 24	$0	0.0%
Q4 24	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$424.0K	$110.5K
Q4 22	$424.0K	$110.5K
Q2 23	$387.5K	$58.3K
Q4 23	$488.2K	$134.4K
Q2 24	$626.5K	$33.4K
Q4 24	$503.1K	$25.3K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$1M	$0	$1M
Q2 24	$2M	$0	$2M
Q4 24	$3M	$0	$3M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	25M	—	—
Q4 22	25M	0.0%	—
Q2 23	20M	-19.6%	—
Q4 23	20M	0.0%	—
Q2 24	20M	0.0%	-19.6%
Q4 24	21M	+6.4%	-14.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q4 22	—	—
Q2 23	—	—
Q4 23	—	—
Q2 24	—	—
Q4 24	$1M	7

Revenue / Employee