share_log

10-K: FY2024 Annual Report

10-K: FY2024 Annual Report

10-K:2024財年年報
美股SEC公告 ·  2024/07/13 01:57

Moomoo AI 已提取核心訊息

Zoomcar Holdings reported revenue of $9.90M for fiscal year 2024, marking a 12% YoY increase, while net loss improved to $34.28M from $62.03M in FY2023. The company's gross margin improved to -4% from -134% YoY, though working capital remained negative at $26.24M. The peer-to-peer car sharing platform maintained operations across 99 Indian cities with 41,166 registered Host vehicles and 2.4 million active Guests.Significant leadership changes occurred with CEO Greg Moran's termination in June 2024 and CFO Geiv Dubash's resignation in April 2024, replaced by interim appointments of Hiroshi Nishijima and Sachin Gupta respectively. The company completed its Business Combination with IOAC in December 2023 and implemented new corporate governance measures, including an enhanced audit committee structure.The company faces substantial challenges with a going concern warning indicating cash runway only until November 2024, and majority of its $42.86M indebtedness in default. Recent strategic moves include raising $3.6M through notes and warrants in June 2024, ceasing operations in Indonesia, Egypt and Vietnam, and shifting focus from growth to profitability.
Zoomcar Holdings reported revenue of $9.90M for fiscal year 2024, marking a 12% YoY increase, while net loss improved to $34.28M from $62.03M in FY2023. The company's gross margin improved to -4% from -134% YoY, though working capital remained negative at $26.24M. The peer-to-peer car sharing platform maintained operations across 99 Indian cities with 41,166 registered Host vehicles and 2.4 million active Guests.Significant leadership changes occurred with CEO Greg Moran's termination in June 2024 and CFO Geiv Dubash's resignation in April 2024, replaced by interim appointments of Hiroshi Nishijima and Sachin Gupta respectively. The company completed its Business Combination with IOAC in December 2023 and implemented new corporate governance measures, including an enhanced audit committee structure.The company faces substantial challenges with a going concern warning indicating cash runway only until November 2024, and majority of its $42.86M indebtedness in default. Recent strategic moves include raising $3.6M through notes and warrants in June 2024, ceasing operations in Indonesia, Egypt and Vietnam, and shifting focus from growth to profitability.
Zoomcar Holdings報告2024財年的營業收入爲990萬美元,同比增長12%,而淨虧損從2023財年的6203萬美元改善至3428萬美元。公司的毛利率同比改善至-4%,而營運資本仍爲負,達到2624萬美元。該點對點汽車共享平台在99個印度城市運營,註冊的主機車輛達到41166輛,活躍的客人達到240萬。公司出現了重大領導變動,首席執行官Greg Moran於2024年6月被解僱,財務長Geiv Dubash於2024年4月辭職,分別由Hiroshi Nishijima和Sachin Gupta擔任臨時任命。公司於2023年12月完成了與IOAC的業務合併,並實施了新的公司治理措施,...展開全部
Zoomcar Holdings報告2024財年的營業收入爲990萬美元,同比增長12%,而淨虧損從2023財年的6203萬美元改善至3428萬美元。公司的毛利率同比改善至-4%,而營運資本仍爲負,達到2624萬美元。該點對點汽車共享平台在99個印度城市運營,註冊的主機車輛達到41166輛,活躍的客人達到240萬。公司出現了重大領導變動,首席執行官Greg Moran於2024年6月被解僱,財務長Geiv Dubash於2024年4月辭職,分別由Hiroshi Nishijima和Sachin Gupta擔任臨時任命。公司於2023年12月完成了與IOAC的業務合併,並實施了新的公司治理措施,包括加強審計委員會結構。公司面臨嚴重挑戰,正在進行的關注警告表明現金流僅能維持到2024年11月,而且其4286萬美元的債務大部分處於違約狀態。最近的戰略舉措包括在2024年6月通過票據和Warrants籌集360萬美元,停止在印度尼西亞、埃及和越南的運營,並從增長轉向盈利。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息