Senmiao Technology (NASDAQ:AIHS) has released 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 same period in 2023. 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.
Despite these financial figures, Senmiao Technology is currently experiencing a decline in stock prices, with shares down by 2.3% from just a week ago. As an investor, it is important to be aware of the risks associated with investing in this company, as there are five warning signs visible in our investment analysis – four of which are considered unpleasant.
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Overall, while Senmiao Technology’s Q3 results show some improvement compared to Q3 2023, investors should exercise caution when considering investing in this company due to its five warning signs outlined above.
[Chart depicting Senmiao Technology’s TTM financial figures]