Decrease in loss per share to US$0.099 from US$0.13 in 3Q 2023

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.

If you have any feedback on this article or are concerned about the content, please do not hesitate to contact us directly or email our editorial team at editorial-team@simplywallst.com. It is important to note that this article by Simply Wall St is general in nature and based on historical data and analyst forecasts using an unbiased methodology. Our articles are not intended to be financial advice and do not take into account your specific objectives or financial situation. We aim to provide long-term focused analysis driven by fundamental data, but it is important to note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material, and we have no position in any stocks mentioned herein.

Investors should also be aware that investing always carries risk, including potential losses of principal amounts invested. Therefore, before making any investment decision based on information contained within this article or elsewhere, investors should consult with their financial advisor or conduct their own research and due diligence before making any decisions.

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]

By Editor

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