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-0.0133689839572192 -0.0133689839572192 0.112299465240642 0.0695187165775401 0.0909090909090909 0.0802139037433155 0.112299465240642 0.112299465240642
Stock impact report

Senmiao Technology Announces Unaudited Financial Results for First Quarter of Fiscal Year 2020

Senmiao Technology Limited (AIHS) 
Company Research Source: PR Newswire
CHENGDU, China, Aug. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited  (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services and an operator of an online lending marketplace connecting Chinese investors with individual and small-to-medium-sized enterprise borrowers in China, today announced its unaudited financial results for the quarter ended June 30, 2019.First Quarter of Fiscal 2020 HighlightsTotal revenues increased by 3,975% year-over-year to $5,094,440 from $125,026 Gross profit increased by 758% year-over-year to $1,072,128 from $125,026 Loss per share decreased by 50% year-over -year to $0.02 from $0.04"We had a great start to our fiscal year 2020 with a strong performance from our automobile transaction and related services business during the first quarter. Thanks to the Ruixi acquisition that gave us a unique opportunity to capitalize on the growing ride-sharing market in 2nd and 3rd tier cities in China, like Chengdu and Changsha, we are Show less Read more
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