NASDAQ$AIHS

Senmiao Technology Ltd · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Senmiao Technology reported financial results for the second quarter of fiscal year 2023.

Senmiao Technology reported a strong top line growth during the second quarter of fiscal 2023, with increased revenue contributions from automobile rental and online ride-hailing platform services. Total revenues were $2.2 million, compared to $1.1 million in the prior-year period.

  • Total revenues from continuing operations were $2.2 million, an increase compared to $1.1 million in the prior-year period.
  • Operating lease revenues from automobile rentals were $0.9 million, compared to $0.4 million in the prior-year period.
  • Revenues from the online ride-hailing platform services business were $1.0 million, compared to $0.6 million in the prior-year period.
  • Net loss from continuing operations was $1.2 million, compared to net income of $0.7 million in the prior-year period.

Headline financials

Total Revenue

$2.24M

Previous: $2.86M-21.5%
EPS (adj)

-$0.15

Previous: $0.10-250.0%
Capital Expenditures

-$1.9K

Previous: -$43.6K+95.6%
Free Cash Flow

$510K

Previous: -$2.33M+121.9%
Net Income

-$1.08M

Previous: -$100K-983.5%
Operating Income

-$1.59M

Previous: -$3.1M+48.9%
Gross Profit

$309K

Previous: -$10K+3188.2%
Cash & Equivalents

$1.97M

Previous: $1.8M+9.2%
Total Assets

$15.8M

Previous: $31.1M-49.2%

Revenue & EPS history

Senmiao Technology · Revenue · Quarterly

$2.24M

Q2 2023-21.5%vs Q2 2022

Revenue by segment

Senmiao Technology · $1.2M total across 1 segment · Q2 2022

  • Operating lease revenues
    $1.2M

Forward guidance

Senmiao plans to continue strengthening and expanding its partnership base to enable Senmiao to grow into new regions and improve access to its services.

Tailwinds

  • Continue expanding online ride-hailing business to new cities.
  • Build symbiotic partnerships.
  • Cooperative partnerships in vehicle rental and leasing services.
  • New energy vehicle charging services.
  • Vehicle and driver resources in key cities.

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 2023

Historical avgQ2 2023

+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

Earnings price reactions
QuarterReport dateReaction (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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