Sector: Industrials | Industry: Construction & Engineering |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 4800 Montgomery Lane, Suite 210 BETHESDA MD 20814 |
Tel: | N/A |
Website: | https://www.alsetinc.com |
IR: | See website |
Key People | ||
Heng Fai Chan Chairman of the Board, Chief Executive Officer, Founder | Tung Moe Chan Co-Chief Executive Officer, Director | Wai Leung Lui Co-Chief Financial Officer |
Rongguo Wei Co-Chief Financial Officer | Michael Gershon Chief Legal Officer | Charles Mackenzie Chief Development Officer |
Business Overview |
Alset Inc. is a diversified holding company. The Company, through its subsidiaries, is engaged in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities and consumer products with operations in the United States, Singapore, Hong Kong, Australia, and South Korea. Its segments include real estate, digital transformation technology and biohealth. Its real estate segment is comprised of LiquidValue Development Inc. (LiquidValue Development). Its digital transformation technology segment is involved in mobile application product development and other businesses, providing information technology services to end-users, service providers and other commercial users through multiple platforms. Its biohealth segment is engaged in research and developing and selling products that promote a healthy lifestyle. Its other business activities include corporate strategy and business development services. |
Financial Overview |
For the fiscal year ended 31 December 2023, Alset Inc revenues increased from $4.5M to $22.1M. Net loss increased 46% to $58.9M. Revenues reflect Real Estate segment increase from $3.1M to $21M, Other segment increase of 91% to $1.1M. Higher net loss reflects Other segment loss increase of 54% to $7.2M, Biohealth Business segment loss increase of 47% to $911K, Digital Transformation Technology segment loss increase of 22% to $450K. |
Employees: | 60 as of Apr 1, 2024 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $22.09M as of Dec 31, 2023 |
EBITDA (TTM): | -$0.80M as of Dec 31, 2023 |
Net annual income (TTM): | -$58.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $7.45M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 9,235,119 as of Apr 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |