Los Angeles, California – Tenet Fintech Group Inc. held its Q1 2024 Earnings Conference Call on June 7, 2024, addressing shareholders’ questions about the company’s financial results for the first quarter. Led by CEO Johnson Joseph, the discussion focused on the company’s performance and future outlook in light of recent challenges.

During the conference call, Johnson Joseph emphasized the company’s strategic shift in revenue generation, particularly its focus on introducing a new data revenue stream in China. While acknowledging a temporary slowdown in revenue growth in the region, Joseph expressed confidence in the company’s long-term prospects and projected a potential uptick in performance by the third or fourth quarter of the year.

Responding to concerns about recent revenue declines and stock price fluctuations, Joseph reaffirmed the company’s commitment to transitioning to a more sustainable and profitable business model. By emphasizing the importance of generating earnings per share and highlighting the potential profitability of the new data revenue stream, Joseph reassured shareholders of the company’s strategic direction.

The discussion also touched upon the impact of delayed financing on the company’s operations and future plans. Joseph acknowledged some challenges stemming from the delay but remained optimistic about closing the financing by the end of June, underscoring the importance of aligning financial resources with growth opportunities.

Additionally, the conference call addressed the progress of Tenet’s Business Hub initiative, particularly the development of networking and advertising pillars. While specific launch dates were not provided, Joseph outlined the unique complexities of the project, which includes integrating a loyalty system based on Cubeler points to offer free services to small and medium-sized businesses.

Looking ahead, Joseph expressed confidence in expanding the Business Hub to the US by the end of the third quarter, contingent on finalizing adjustments to accommodate the country’s lending rules. The company aims to create a global network connecting businesses in Canada, the US, and China, leveraging data insights to drive revenue growth and foster cross-country interactions among members.

In conclusion, the conference call provided shareholders with insights into Tenet Fintech Group Inc.’s strategic priorities, operational challenges, and growth opportunities in the evolving fintech landscape. Through transparent communication and a focus on long-term value creation, the company aims to navigate current uncertainties and emerge stronger in the months ahead.