Senmiao Q3 revenue $1.74M (+5% YoY); net loss $1.0M vs prior income

Senmiao Technology Ltd

2023-Q3 EPS reported -$0.25 revenue$6,323,918

Net loss from continuing ops $1.0M vs $0.3M income prior year; EPS loss $0.13.
Auto rental revenue rose 60% to $0.8M; ride-hailing platform revenue fell 20% to $0.8M due to COVID.
SG&A slashed 48.7% to $1.4M, narrowing operating loss to $1.3M from $2.5M.
Cash $1.5M, down from $1.2M at March 31, 2022; equity $5.7M vs $8.1M.
Since launch, 27.4M rides completed; operates in 26 Chinese cities.

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 third quarter ended December 31, 2022 results: revenue $1.74 million, net income $1.0 million, EPS $0.13.

Period: fiscal 2023 third quarter ended December 31, 2022
Revenue: $1.74 million
Net income: $1.0 million
EPS: $0.13
Result: reported results

Exact text from the filing

in 2021, which were previously classified under Automobile Transaction and Related Services. Fiscal 2023 Third Quarter Financial and Operating Highlights · Total revenues of $1.74 million from continuing operations, compared to $1.66 million in the prior-year period, primarily as a result of increased operating lease revenues from automobile rentals, which was

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Source: SEC EDGAR

accession 0001104659-23-021690

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