Decrease in loss per share to US$0.099 from US$0.13 in 3Q 2023

Senmiao Technology Q3 2024 Results Show 3.8% Improvement in Net Loss, but Warning Signs Remain

Senmiao Technology (NASDAQ:AIHS) reported its financial results for the third quarter of 2024. The company’s revenue came in at US$1.62 million, which represents a 7.0% decrease from the third quarter of 2023. Despite this, the net loss for the quarter was US$934.0k, showing a 3.8% improvement from the same quarter in 2023. The loss per share narrowed to US$0.099 from US$0.13 in the third quarter of 2023.

Investors should be aware that Senmiao Technology is showing 5 warning signs in our investment analysis, with only one considered pleasant. Despite this, it is important to note that past performance may not indicate future results and there are many factors that can affect a company’s performance, including market conditions and economic trends. If you have any concerns or feedback on this article or would like to learn more about investing in Senmiao Technology, you can contact our editorial team at editorial-team@simplywallst.com.

Our analysis takes into account historical data and analyst forecasts using an unbiased methodology to provide long-term focused analysis driven by fundamental data. It is important to note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material and does not take into account your objectives or financial situation. Additionally, Simply Wall St has no position in any stocks mentioned and is not providing financial advice or recommendations to investors.

As of today, Senmiao Technology’s shares are currently down 2

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