secwatch.observer — SEC 8-K summary
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Issuer:     Senmiao Technology Ltd (AIHS)
CIK:        0001711012
Form:       8-K
Filed at:   2021-08-16T23:59:59+00:00
Accession:  0001104659-21-106415
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Senmiao Tech Q1 FY2022 revenue $1.9M (+61% YoY); net loss widens to $7.4M
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- Revenue $1.9M, up 61% YoY; net loss from continuing ops $7.4M vs $2.3M loss prior year.
- Loss per share $0.12 on 52.7M shares vs $0.07 on 29.0M shares prior year.
- Gross loss $1.9M vs gross profit $0.3M prior year, due to shift to operating leases and platform launch costs.
- Operating lease revenues drove growth; 10.5M rides completed since platform launch (Oct 2020) through June 2021.
- Cash $4.0M at June 30, 2021, down from $4.4M at March 31, 2021; working capital deficit noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711012/000110465921106415/0001104659-21-106415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711012/000110465921106415/tm2125250d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-106415

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