NASDAQ$AIHS

Senmiao Technology Ltd · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Senmiao Technology experienced revenue growth and improved bottom line.

Senmiao Technology reported a significant increase in revenue for the fiscal third quarter ended December 31, 2021, driven by growth in automobile rental leasing and online ride-hailing platform services. The company's net loss improved compared to the prior-year period, benefiting from increased revenues and a gain from the change in fair value of derivative liabilities.

  • Total revenues increased by 116% to $3.5 million compared to the prior-year period.
  • Operating lease revenues from automobile rentals and online ride-hailing platform services significantly contributed to revenue growth.
  • Net loss improved to $0.1 million from a net loss of $3.7 million in the prior-year period.
  • Earnings per share for continuing operations was approximately $0.00, compared to a loss per share of $0.07 in the prior-year period.

Headline financials

Total Revenue

$3.54M

Previous: $1.64M+116.0%
EPS (adj)

$0.00

Previous: $0.00
Capital Expenditures

-$3.46M

Previous: -$200K-1630.9%
Free Cash Flow

-$9.92M

Previous: -$1.99M-399.3%
Net Income

$155K

Previous: -$3.08M+105.0%
Operating Income

-$2.9M

Previous: -$2.41M-20.3%
Gross Profit

$851K

Previous: -$155K+648.0%
Cash & Equivalents

$2.8M

Previous: $3.54M-20.8%
Total Assets

$18.6M

Previous: $18.9M-1.7%

Revenue & EPS history

Senmiao Technology · Revenue · Quarterly

$3.54M

Q3 2022+116%vs Q3 2021

Revenue by segment

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

  • Operating lease revenues
    $1.2M

Forward guidance

Senmiao anticipates operating lease revenues from automobile rentals will continue to grow, as will revenue from online ride-hailing platform services, which it expects will accelerate its return to profitability.

Tailwinds

  • Continued top line growth.
  • Improved bottom line.
  • Expansion of online ride-hailing platform to new cities.
  • Deepening strategic relationships with partners such as Meituan and Gaode Map.
  • Establishing new cooperations with brands that have a strong local presence in existing and new markets.

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 Q3 2022

Historical avgQ3 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

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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