Senmiao Technology FY2023 revenue up 64.5% to $8.1M; net loss narrows to $3.8M

Senmiao Technology Ltd

2024-Q1 EPS reported -$0.05 revenue$2,094,714

Total revenues of $8.1M from continuing operations, up 64.5% from $4.9M prior year.
Net loss from continuing operations improved to $3.8M from $5.6M; loss per diluted share $0.43 vs $1.66.
Gross profit of $1.5M, reversing a gross loss of $2.1M in the prior year.
Operating lease revenues doubled to $3.5M; ride-hailing platform revenues up 39.2% to $3.7M.
Launched in Oct 2020, platform facilitated ~29.6M rides with $95.6M in fares through March 2023; operates in 26 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 0.9

Senmiao Technology Ltd reported financial results for the fiscal year ended March 31, 2023.

Period: the fiscal year ended March 31, 2023
Result: reported results

Exact text from the filing

Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, as well as an operator of its own online ride-hailing platform, today announced financial results for the fiscal year ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-23-080405

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