secwatch.observer — SEC 8-K summary
======================================

Issuer:     Roadzen Inc. (RDZN)
CIK:        0001868640
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0000950170-24-079599
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Roadzen reports FY2024 revenue $46.7M (+245% YoY) with adjusted EBITDA loss $10.4M
--------------------------------------------------------------------------------

- Full year revenue $46.7M, up 245% from $13.5M; brokerage revenue up 232%, IaaS up 270%.
- Net loss $99.7M includes $89.4M non-cash items; Adjusted EBITDA loss $10.4M vs $9.9M prior year.
- Gross margin improved to 61.2% from 60.1%; policies sold 324,293 (GWP $61.8M) vs 258,546 ($38.0M).
- Cash on hand $11.2M vs $0.6M; added to Russell 2000/3000/Microcap indexes on June 28, 2024.
- Customer agreements: 33 insurers, 68 automotive, ~3,200 agents/fleets; IaaS claims up 36.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024079599/0000950170-24-079599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868640/000095017024079599/rdzn-20240701.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-079599

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer