Senmiao Q3 revenue up 116% to $3.5M; net loss narrows to $0.1M

Senmiao Technology Ltd

2023-Q3 EPS reported -$1.02 revenue$8,249,033

Total revenues $3.5M vs $1.6M YoY; operating lease and ride-hailing platform drove growth.
Net loss from continuing operations improved to $0.1M from $3.7M, aided by $3.6M gain on derivative liabilities.
EPS approximately $0.00 vs -$0.07 (diluted) in prior-year period.
Launched ride-hailing platform in 5 new cities; 10.2M rides completed in nine months.
Cash and equivalents $2.8M at Dec 31, 2021, down from $4.4M at Mar 31, 2021.

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