Roadzen Q3 revenue $15.64M, up 372% YoY; net loss $30.57M

Roadzen Inc.

2023-Q3 EPS reported -$1.82 revenue$36,722,932

Revenue $15.64M (+372% YoY); brokerage 52%, technology 48% of sales.
Net loss $30.57M includes $26.5M non-cash items; Adj. EBITDA loss $3.1M (14% improvement vs Q2).
92 enterprise customers and ~3,200 SMB customers at quarter end.
CEO cites balanced revenue mix and progress in AI research and global growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Roadzen Inc. reported third quarter of fiscal 2024 results: revenue $15.64 million, net income -$30.57 million.

Period: third quarter of fiscal 2024
Revenue: $15.64 million
Net income: -$30.57 million
Result: reported results

Exact text from the filing

Roadzen Sets New Revenue Milestone for the Third Quarter Ended December 31, 2023 372% Year-Over-Year Increase • Quarterly revenue of $15.64 million, a 372% increase year-over-year. • Net loss of $30.57 million is impacted by non-cash, non-recurring and extraordinary items leading to an Adjusted EBITDA 1 loss of $3.1 million, a 14% improvement in Adjusted EBITDA over the second quarter.

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Source: SEC EDGAR

accession 0000950170-24-013842

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