Zoomcar Holdings Reports Q3 Revenues Of $2.24M Lower Than $2.61M YoY; Total Number Of Bookings Increased By 9%
Portfolio Pulse from Benzinga Newsdesk
Zoomcar Holdings reported Q3 revenues of $2.24 million, which is lower than the $2.61 million reported year-over-year. However, the total number of bookings increased by 9%.
August 16, 2024 | 10:56 am
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Zoomcar Holdings reported Q3 revenues of $2.24 million, down from $2.61 million year-over-year. Despite the revenue decline, the total number of bookings increased by 9%.
The decline in revenue is a negative indicator, but the increase in bookings suggests potential future growth. This mixed result may lead to neutral short-term price movement as investors weigh the positive and negative aspects.
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