Company: OWLS
Filing Date: 2025-01-24
Form Type: DRS/A
Source: 0000950123-25-000547
Chunk: 24

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-01-24
Form: DRS/A
Chunk 24
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 our payment services, attributed to the acquisition of the payment gateway company, PayNow, in May 2023. Our net operating loss in 2023 decreased to US$6.8 million from US$8.0 million in 2022, primarily due to the revenue contribution from the payment services brought in through acquisition. Our net operating loss for the nine months ended September 30, 2024 increased to US$6.2 million from US$5.0 million for the same period in 2023, primarily driven by increased operating expenses from higher professional service fees related to preparation for this initial public offering and ongoing payment-related license applications. Key recent developments In May 2023, we acquired PayNow, a payment gateway company in Taiwan, for a total cash consideration of US$2.1 million, in order to further supplement our payment services offerings. Since the acquisition, we have been integrating the payment gateway capability within our payment services OwlPay, allowing for a one-stopfull-services payment solutions for our customers. Effective in January 2025, PayNow was transferred from OwlPay Holdings to be held directly by us under OBOOK Holdings Inc. Financial Highlights The following table presents our summary consolidated statement of profit or loss and other comprehensive income (loss) data for the years ended December 31, 2022 and 2023 and for the nine months ended September 30, 2023 and 2024 respectively:

|                            |     | 2022    | For the year ended 
       December 31, |   |     |       |        |   |     | 2023    |        |   |     |       |        |   |     |        |       |   |     | 2023    | For the nine months ended 
             September 30, |   |     |       |        |   |     | 2024    |        |   |     |       |        |   |     |        |      |   |
|:---------------------------|:----|:--------|-------------------:|:--|:----|:------|-------:|:--|:----|:--------|-------:|:--|:----|:------|-------:|:--|:----|:-------|------:|:--|:----|:--------|--------------------------:|:--|:----|:------|-------:|:--|:----|:--------|-------:|:--|:----|: