secwatch.observer — SEC 8-K summary
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Issuer:     Senmiao Technology Ltd (AIHS)
CIK:        0001711012
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-021690
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711012/000110465923021690/0001104659-23-021690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711012/000110465923021690/tm236847d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-021690

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