Senmiao Technology Announces Unaudited Financial Results for its Second Fiscal Quarter Ended September 30, 2019
Senmiao Technology Limited (AIHS)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/senmiao-technology-limited-announces-pricing-of-us120-million-firm-commitment-initial-public-offering-300615172.html
Company Research
Source: PR Newswire
CHENGDU, China, Nov. 14, 2019 /PRNewswire/ -- Senmiao Technology Limited (NASDAQ: AIHS) ("Senmiao"), a provider of automobile transaction and related services in China, today announced its unaudited financial results for its second fiscal quarter ended September 30, 2019.Second Quarter of Fiscal 2020 HighlightsTotal revenues increased by 8,180% year-over-year to $5,921,166 from $71,508 Gross profit increased by 1,595% year-over-year to $1,211,982 from $71,508 Earnings per share of $0.04 versus loss per share of $0.03 in same period last year"We have continued to capitalize on our late 2018 acquisition and subsequent development of our automobile transaction and related services business. Through our business development efforts, we have taken major steps to restructure our business to better diversify and streamline our revenue streams as we wind down our online peer-to-peer lending business, and our efforts have led to another strong quarterly performance," commented Xi Wen, Chairma
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