In the third quarter of 2024, Senmiao Technology (NASDAQ:AIHS) reported financial results that showed a decrease in revenue and an improvement in net loss. The company’s revenue for the quarter came in at US$1.62 million, which is a 7.0% decrease from the same period in 2023. The net loss for the quarter was US$934.0k, which represents a 3.8% improvement from the third quarter of 2023. The loss per share also narrowed to US$0.099 from US$0.13 in the third quarter of 2023.
Despite these positive signs, investors should be aware of the risks associated with investing in Senmiao Technology, as the company is showing five warning signs in our investment analysis, four of which are considered unpleasant. It is important for investors to take a long-term focused approach to their investments and consider fundamental data when making investment decisions.
Looking at the trailing 12-month (TTM) period, Senmiao Technology’s financial figures are shown above. The company’s shares are currently down 2.3% from a week ago, highlighting the importance of keeping an eye on market trends and staying up-to-date with industry news and developments.
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