Zoomcar Holdings Sees Increase In Total Revenue In FY24 Of About $1.2M, From $8.6M In 2023 To $9.8M In 2024; Sees To Report Decline In Net Loss In Fiscal Year Ended 2024 Of About $28M, From $62M In 2023 To $34M In 2024
Portfolio Pulse from Benzinga Newsdesk
Zoomcar Holdings reported an increase in total revenue for FY24 to $9.8M from $8.6M in 2023. The company also expects a decline in net loss for FY24 to $34M from $62M in 2023.
July 02, 2024 | 8:18 pm
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Zoomcar Holdings reported an increase in total revenue for FY24 to $9.8M from $8.6M in 2023. The company also expects a decline in net loss for FY24 to $34M from $62M in 2023.
The increase in revenue and significant reduction in net loss are positive indicators for Zoomcar Holdings. This suggests improved financial health and operational efficiency, which could boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100