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Stock impact report

Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement [Yahoo! Finance]

Roadzen, Inc. - Ordinary Shares (RDZN) 
Company Research Source: Yahoo! Finance
Improving Fiscal Q2 and Record Six-Month Revenue Revenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months. Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA Improvement Q2 net loss narrowed to $(2.1) million from $(21.8) million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement. Balance Sheet Strengthened Through Premium Capital Raises Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen's Nasdaq share price. Debt Extension Agreement in Principle – Post Second Quarter In November, the Mizuho $11.5 million senior debt facility was agreed in Show less Read more
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