NEWS: Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company
Positive
Revenue grew by 245% to $46.7 million.
Gross margin improved to 61.2%, up from 60.1%.
Significant expansion in customer agreements across insurance and automotive sectors.
Inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® indexes.
Negative
Net loss of $99.7 million.
Operating expenses increased by $86 million to $104.1 million.
Adjusted EBITDA loss increased to $10.4 million.
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