Roadzen Sets New Revenue Milestone for the Third Quarter Ended December 31, 2023
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: GlobeNewswire
372% Year-Over-Year Increase Quarterly revenue of $15.64 million, a 372% increase year-over-year.Net loss of $30.57 million is impacted by non-cash, non-recurring and extraordinary items leading to an Adjusted EBITDA1 loss of $3.1 million, a 14% improvement in Adjusted EBITDA over the second quarter.Revenue composition continues to highlight the strength of Roadzen’s strategic plan with brokerage solutions contributing 52% and technology sales accounting for 48%. NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global pioneer in next-generation auto insurance powered by AI, today reported its quarterly earnings for the third fiscal quarter ended December 31, 2023. The company reported revenue of $15.64 million, an increase of 372% from revenue of $3.32 million in the same quarter last year. Rohan Malhotra, Co-Founder and CEO of Roadzen, stated, "This quarter's performance is a testament to Roadzen’s strength as a leading provider of AI-driven insurance a
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