Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial Results [Yahoo! Finance]
Roadzen, Inc. - Ordinary Shares (RDZN)
Company Research
Source: Yahoo! Finance
Improved Path to Profitability: Reported a net loss of $21.8 million, primarily impacted by non-cash, non-recurring, and extraordinary items, resulting in an Adjusted EBITDA¹ loss of $2.1 million, an improvement from the previous quarter's Adjusted EBITDA loss of $2.8 million, reflecting a 25% sequential reduction powered by adoption of AI in reducing operating costs internally. Client Expansion: Added 5 new enterprise clients and over 150 agents and fleets, expanding our services to 108 enterprise clients across insurance and automotive sectors, and 3,550 agents and fleet customers globally. Balance Sheet Restructuring: Continued balance sheet reduction, negotiating a $3.6 million decrease in accounts payable related to the public listing. Shareholder Support: Shareholders holding approximately 56 million out of a total of approximately 68.4 million outstanding shares agreed to extend their lockup period until September 2025 underscoring strong support for the Company's long-t
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RDZN
News
- Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety [Yahoo! Finance]Yahoo! Finance
- Roadzen’s drivebuddyAI Partners with Bosch to Advance AI-Driven Road SafetyGlobeNewswire
- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India [Yahoo! Finance]Yahoo! Finance
- Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in IndiaGlobeNewswire
- Roadzen Inc. Announces Closing of Public OfferingGlobeNewswire
RDZN
Sec Filings
- 12/17/24 - Form 8-K
- 12/16/24 - Form 424B5
- 12/13/24 - Form 424B5
- RDZN's page on the SEC website