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

Senmiao Technology (NASDAQ:AIHS) reported its financial results for the third quarter of 2024. Despite a 7.0% decrease in revenue from the same period last year, the company’s net loss narrowed to US$934.0k, representing a 3.8% improvement from the third quarter of 2023. The loss per share also decreased to US$0.099 from US$0.13 in the third quarter of 2023.

However, despite these positive signs, Senmiao Technology is still showing several warning signs in our investment analysis. Over the past year, investors have been concerned about four unpleasant signs that could impact the company’s future performance. It is important for investors to be aware of these risks before making any investment decisions.

Looking at the trailing 12-month (TTM) period, the financial figures for Senmiao Technology are shown in the chart above. The company’s shares are currently down 2.3% from a week ago, indicating that investor sentiment may not be optimistic about the company’s prospects.

Investors should take note of this information and carefully consider whether Senmiao Technology is a suitable investment opportunity based on their individual financial goals and risk tolerance levels. If you have any feedback or concerns regarding this article or any other content on Simply Wall St, please do not hesitate to get in touch with 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 is 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 objectives or financial situation

By Editor

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