• Tue. Mar 5th, 2024

Warning Signs and Investment Risks: An In-Depth Analysis of Senmiao Technology’s Q3 2024 Results

ByEditor

Feb 11, 2024
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 for the period came in at US$1.62 million, which represents a 7.0% decrease from the third quarter of 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.

Investors should be aware of the risks associated with investing in Senmiao Technology, as the company is exhibiting five warning signs in our analysis, four of which are considered negative. Our analysis suggests that investors should exercise caution when investing in this stock due to these potential risks and challenges that may impact future performance.

Looking at Senmiao Technology’s trailing 12-month (TTM) financial figures, we can see that the company’s shares are currently down by 2.3% from a week ago (chart above). It is important to keep track of any changes or updates regarding this stock and stay informed about any potential developments that may impact its value and performance moving forward.

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