Senmiao Technology reports Q2 revenue up 105% to $2.9M; net loss narrows to $0.1M from $2.6M

Senmiao Technology Ltd

2023-Q2 EPS reported -$1.07 revenue$4,705,984

Total revenues reached $2.9M (+105% YoY) driven by operating lease revenues and ride-hailing platform services.
Net loss from continuing operations improved to $0.1M from $2.6M loss in prior-year period; EPS $0.01 vs -$0.06.
New cooperation with Meituan (HK:3690) generated over 1.4M rides with $4.8M gross fares since August 2021.
Cash & equivalents were $1.8M as of Sep 30, 2021; subsequent private placement raised $5.0M in Series A Preferred.

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