NASDAQ$AIHS
Senmiao Technology Ltd · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported slight revenue growth primarily driven by automobile rental business, offset by lower revenue from online ride-hailing platform services due to COVID-19 outbreaks.
Senmiao Technology reported a revenue increase driven by automobile rentals, offset by a decrease in revenue from online ride-hailing platform services due to COVID-19 impacts. The company reported $1.74 million in revenues, a gross profit of $0.2 million, and a net loss of $1.0 million for the quarter.
- Total revenues were $1.74 million, compared to under $1.66 million in the prior-year period.
- Automobile rental business generated operating lease revenues of $0.8 million, compared to $0.5 million in the prior-year period.
- Online ride-hailing platform services business generated revenues of $0.8 million, compared to $1.0 million in the prior-year period.
- Net loss from continuing operations was $1.0 million, compared to net income of $0.3 million in the prior-year period.
Headline financials
Revenue & EPS history
Senmiao Technology · Revenue · Quarterly
$1.74M
Revenue by segment
Senmiao Technology · $1.2M total across 1 segment · Q2 2022
- Operating lease revenues$1.2M—100.0%
Forward guidance
Senmiao anticipates a favorable impact on its business due to China moving away from its zero COVID strategy and expects growth in its automobile rental and online ride-hailing platform services businesses.
Tailwinds
- China's move away from its zero COVID strategy is expected to have a favorable impact.
- The company is well positioned to grow its automobile rental business.
- The company is well positioned to grow its online ride-hailing platform services businesses.
- The company continues to expand partner relationships.
- Positive cash flow from operating activities for the nine months ended December 31, 2022.
Headwinds
- Online ride-hailing platform services business was significantly impacted by COVID-19 outbreaks.
- Fewer completed orders compared to the prior-year period due to COVID-19 outbreaks.
- Net loss from continuing operations was $1.0 million, compared to net income of $0.3 million in the prior-year period.
- The decrease in net income was primarily the result of a smaller gain from change in fair value of derivative liabilities related to warrants.
- Loss per share for continuing operations was approximately $0.13, compared to earnings per share of approximately $0.03 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 Q3 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
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro