NASDAQ$AIHS
Senmiao Technology Ltd · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced fiscal 2022 second quarter financial results, showing increased revenue and narrowed losses.
Senmiao Technology reported a 105% increase in revenue to $2.9 million for the fiscal second quarter ended September 30, 2021, driven by growth in operating lease revenues from automobile rentals and online ride-hailing platform services. The net loss improved to $0.1 million compared to $2.6 million in the prior-year period.
- Total revenues increased by 105% to $2.9 million compared to the prior-year period.
- Operating lease revenues from automobile rentals increased by $1.2 million.
- Online ride-hailing platform services contributed $0.6 million in revenue.
- Net loss improved to $0.1 million, compared to a net loss of $2.6 million in the prior-year period.
Headline financials
Revenue & EPS history
Senmiao Technology · Revenue · Quarterly
$2.86M
Revenue by segment
Senmiao Technology · $1.2M total across 1 segment · Q2 2022
- Operating lease revenues$1.2M—100.0%
Forward guidance
Senmiao expects automobile rentals to continue to make up the majority of revenues in the near term and is optimistic that the online ride-hailing platform services business will begin to make more significant contributions in the periods to come. The company looks forward to deepening relationships with major partners by expanding into additional markets and gaining market share in existing markets.
Tailwinds
- Automobile rentals will continue to make up the majority of revenues in the near term.
- Online ride-hailing platform services business will begin to make more significant contributions in the periods to come.
- Deepening relationships with major partners by expanding into additional markets.
- Gaining market share in existing markets.
- Senmiao's platform is now available in 10 cities across China.
Headwinds
- Intense competition in the online ride-hailing market in Chengdu and Changsha since 2020.
- Senmiao has focused on operating leases to mitigate the impact of the return of automobiles by a substantial number of drivers
- The Company’s business is capital intensive.
- Partially offset by decreased revenue contributions from automobile sales and facilitation of automobile transactions and financing during the period.
- Selling, general and administrative expenses increased to $3.0 million for the fiscal second quarter ended September 30, 2021, from $2.7 million in the prior-year period.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+5.8%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+5.5%
Avg return
30 days after
45%
13 / 29 earnings
Positive
+172.3%
Q2 2020
Best reaction
-16.0%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +0.0% | +6.5% | +29.8% | |
| Q2 2026 | +3.0% | +12.6% | +8.7% | |
| Q4 2025 | +4.5% | -14.9% | +24.8% | |
| Q3 2025 | +0.8% | -0.3% | +2.2% | |
| Q2 2025 | -4.0% | +14.9% | +3.4% | |
| Q4 2024 | -7.3% | +2.2% | +43.3% | |
| Q1 2026 | -1.1% | +1.1% | +47.3% | |
| Q3 2024 | +4.1% | +3.3% | +68.0% | |
| Q2 2024 | -7.9% | -2.2% | +132.5% | |
| Q1 2024 | -5.2% | -9.1% | -12.0% | |
| Q4 2023 | +15.5% | +22.6% | -2.5% | |
| Q3 2023 | +4.1% | +3.6% | -4.6% | |
| Q2 2023 | +3.1% | -3.4% | -3.9% | |
| Q1 2023 | +12.5% | +10.4% | -13.4% | |
| Q4 2022 | -2.7% | -4.4% | -15.8% | |
| Q3 2022 | -4.1% | -8.8% | -15.4% | |
| Q3 2021 | +2.6% | -6.5% | -15.8% | |
| Q2 2022 | +3.4% | -5.0% | -37.2% | |
| Q2 2021 | -2.6% | -7.5% | -37.3% | |
| Q1 2022 | -2.7% | -14.4% | -17.0% | |
| Q1 2021 | -2.7% | -14.4% | -17.0% | |
| Q1 2020 | -16.0% | -12.9% | -6.6% | |
| Q3 2019 | +15.1% | +12.4% | -35.7% | |
| Q3 2020 | -1.0% | +12.4% | -35.7% | |
| Q2 2020 | +172.3% | +111.2% | +74.3% | |
| Q4 2019 | -9.5% | -13.1% | -50.5% | |
| Q3 2018 | -5.4% | -3.3% | +34.5% | |
| Q2 2019 | -1.1% | +0.0% | +1.1% | |
| Q1 2018 | +1.8% | +10.8% | +10.8% | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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