Senmiao Technology Q2 fiscal 2023 revenue doubles to $2.2M, net loss $1.2M

Senmiao Technology Ltd

2023-Q2 EPS reported -$0.11 revenue$4,582,998

Revenue from continuing ops $2.2M, up 100% YoY from $1.1M; automobile rental $0.9M, ride-hailing platform $1.0M.
Net loss from continuing ops $1.2M vs net income $0.7M YoY; prior year included $3.0M derivative gain.
Gross profit $0.3M vs gross loss $0.4M YoY; SG&A down 16.4% to $1.5M on cost controls.
Ride-hailing platform launched in Tianjin and Foshan, total 26 cities; 25.1M rides completed since Oct 2020.
Cash and equivalents $2.0M (up from $1.2M in Mar 2022); stockholders' equity $6.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Senmiao Technology Ltd reported fiscal 2023 second quarter ended September 30, 2022 results: revenue $2.2 million, net income $1.2 million, EPS $0.15.

Period: fiscal 2023 second quarter ended September 30, 2022
Revenue: $2.2 million
Net income: $1.2 million
EPS: $0.15
Result: reported results

Exact text from the filing

Total revenues of $2.2 million from continuing operations, compared to $1.1 million in the prior-year period.

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Source: SEC EDGAR

accession 0001104659-22-118738

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