Roadzen FY24 EPS $(2.26) Vs $(0.86) YoY; Revenue $46.7M Vs $13.56M YoY
Portfolio Pulse from Benzinga Newsdesk
Roadzen reported its FY24 EPS at $(2.26), a significant decline from $(0.86) YoY. However, revenue increased to $46.7M from $13.56M YoY.
July 01, 2024 | 8:07 pm
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Roadzen's FY24 EPS dropped significantly to $(2.26) from $(0.86) YoY, indicating higher losses. However, the company saw a substantial increase in revenue, rising to $46.7M from $13.56M YoY.
The significant drop in EPS suggests increased losses, which is a negative indicator for the stock. However, the substantial increase in revenue is a positive sign, indicating potential growth. The mixed results may lead to neutral short-term price movement as investors weigh the higher losses against the revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100