Alset Inc (OQ:AEI)

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
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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

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