Zoomcar reports FQ3 net revenue $2.4M (-19% YoY); guided CY24 revenue $17-20M

Zoomcar Holdings, Inc.

2024-Q3 EPS reported -$19.25 revenue$7,717,064

Net revenue decreased 19% to $2.4M; record gross profit of $0.3M vs gross loss of $0.3M YoY.
GAAP net income $14.4M (incl $28.9M deSPAC gains) vs net loss $8.7M; adj EBITDA loss improved to $4.0M.
First full quarter of positive non-GAAP contribution profit at $0.2M (vs loss of $0.7M YoY).
Active vehicle listings 10.3K; booked days 163.9K; avg transaction size >$75.
Calendar 2024 outlook: net revenue $17-20M (+70-100% YoY); expects adj EBITDA run-rate $2-4M in Q4 2024.

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 0.8

Zoomcar Holdings, Inc. reported the third fiscal quarter ended December 31, 2023 results: revenue $2.4 million, net income $14.4 million.

Period: the third fiscal quarter ended December 31, 2023
Revenue: $2.4 million
Net income: $14.4 million
Result: reported results

Exact text from the filing

Accounting Principles (GAAP) and as adjusted (non-GAAP). A reconciliation of GAAP to non-GAAP metrics appears at the end of this news release. ● Net revenue decreased 19% to $2.4 million, compared to $3.0 million in the same period last year. The decrease in revenue was primarily due to a lower number of days booked resulting in decreased gross billings as the

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Source: SEC EDGAR

accession 0001213900-24-014185

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