Roadzen Q2 FY2024 revenue jumps 493% to $15.4M; net loss $31.1M with $27.5M non-cash items

Roadzen Inc.

2023-Q2 EPS reported -$1.81 revenue$21,081,491

Revenue of $15.4M, up 493% YoY; organic growth of 89% plus contributions from strategic acquisitions.
Net loss of $31.1M includes $27.5M non-cash, non-recurring items; adjusted EBITDA loss $3.6M vs $2.3M prior year.
Revenue mix: brokerage solutions 54%, IaaS platform enterprise sales 46%.
Acquired Global Insurance Management (UK) and National Automobile Club (US) in June 2023.
Partners with 90 enterprise clients and 3,000 small/medium businesses.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Roadzen Inc. reported second quarter of fiscal 2024 results: revenue $15.4 million.

Period: second quarter of fiscal 2024
Revenue: $15.4 million
Result: reported results

Exact text from the filing

in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Roadzen Reports Record Revenue for the Second Fiscal Quarter 2024 Revenue Increasing 493% Year-Over-Year to $15.4 Million Key Highlights: • Roadzen's revenue for the quarter ended September 30, 2023 experienced a substantial increase of $12.8 million over the same quarter of the previous fiscal

View on SEC.gov

Browse all earnings releases →

Roadzen Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-063091

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.