secwatch.observer — SEC 8-K summary
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Issuer:     Senmiao Technology Ltd (AIHS)
CIK:        0001711012
Form:       8-K
Filed at:   2023-07-12T23:59:59+00:00
Accession:  0001104659-23-080405
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711012/000110465923080405/0001104659-23-080405-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711012/000110465923080405/tm2321172d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-080405

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