---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-091308"
form_type: "8-K"
ticker: "AIHS"
cik: "0001711012"
company_name: "Senmiao Technology Ltd"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:46:02.849697+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Senmiao Tech Q1 FY2024 revenue $2.1M; net loss $0.4M vs prior-year net income $0.2M

## Summary
- Revenue $2.1M, down 8.7% YoY from $2.3M, due to increased competition in ride-hailing.
- Operating loss narrowed to $0.8M from $1.4M; gross profit up 26.5% to $0.6M.
- Net loss $0.4M vs net income $0.2M prior year, due to $1.3M decrease in fair value change of derivatives.
- Diluted EPS loss $0.05 vs earnings $0.05 prior year; weighted shares 7.9M vs 6.3M.
- SG&A decreased 35.2% to $1.2M on cost controls; cash $1.2M at quarter end.

## SEC filing metadata
- accession: 0001104659-23-091308
- form_type: 8-K
- ticker: AIHS
- cik: 0001711012
- company_name: Senmiao Technology Ltd
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711012/000110465923091308/0001104659-23-091308-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711012/000110465923091308/tm2323707-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-091308
- JSON: https://secwatch.observer/filing/0001104659-23-091308.json
- Plain text: https://secwatch.observer/filing/0001104659-23-091308.txt

## Key facts
- Earnings Releases
  Senmiao Technology Ltd reported fiscal 2024 first quarter ended June 30, 2023 results: revenue $2.1 million, net income $0.4 million net loss, EPS Loss per diluted share of approximately $0.05.
  - Period: fiscal 2024 first quarter ended June 30, 2023
  - Revenue: $2.1 million
  - Net income: $0.4 million net loss
  - EPS: Loss per diluted share of approximately $0.05
  - Result: reported results
  source text: today announced financial results for its fiscal 2024 first quarter ended June 30, 2023. Fiscal 2024 First Quarter Financial and Operating Highlights · Total revenues of $2.1 million, compared to $2.3 million in the prior-year period, primarily due to lower revenues from online ride-hailing platform services as a result of increased competition. · From
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711012/000110465923091308/0001104659-23-091308-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.