Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company
Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company
Full year revenue of $46.7 million, up from $13.5 million in the prior year, a 245% increase.
Net loss of $99.7 million is impacted by non-cash, non-recurring and extraordinary items, resulting in an Adjusted EBITDA1 loss of $10.4 million, a 5.1% increase over last year.
As of market close on June 28, 2024 Roadzen was included in the Russell 2000®, Russell 3000®, and Russell Microcap® indexes bringing new institutional shareholders.
全年收入爲4,670萬美元,高於上一年的1,350萬美元,增長了245%。
9,970萬美元的淨虧損受非現金、非經常性和特殊項目的影響,導致調整後的 EBITDA1 虧損爲1,040萬美元,比去年增長5.1%。
截至2024年6月28日收盤時,Roadzen已被納入羅素2000®、羅素3000® 和羅素微型股® 指數,帶來了新的機構股東。
NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its results for the twelve-months ended March 31, 2024.
紐約,2024年7月1日(GLOBE NEWSWIRE)——保險與出行融合領域的人工智能領域的全球領導者Roadzen Inc.(納斯達克股票代碼:RDZN)(“Roadzen” 或 “公司”)今天公佈了截至2024年3月31日的十二個月業績。
"Roadzen had a remarkable year, achieving substantial revenue growth, maintaining our trajectory towards profitability, and significantly expanding our presence in the U.S. and U.K. markets, along with continued strong growth in India," commented Rohan Malhotra, CEO and Founder of Roadzen. "Our advanced technology group and AI research lab now support a robust global client base and infrastructure, including 101 large enterprise clients, such as leading insurers, automakers, and large fleets, in addition to approximately 3,200 small and medium businesses, including agents, brokers, dealerships, and smaller fleets. Looking ahead, we anticipate continued momentum and establishing Roadzen as a leader in vertical AI for auto insurance within the public markets, leveraging the strong foundation we've built over the past year."
Roadzen首席執行官兼創始人羅漢·馬爾霍特拉評論說:“Roadzen度過了非凡的一年,實現了可觀的收入增長,保持了盈利軌跡,顯著擴大了我們在美國和英國市場的業務,同時在印度持續強勁增長。”“我們的先進技術小組和人工智能研究實驗室現在支持強大的全球客戶群和基礎設施,包括101家大型企業客戶,例如領先的保險公司、汽車製造商和大型車隊,以及大約3,200家中小型企業,包括代理商、經紀人、經銷商和小型車隊。展望未來,我們預計將保持勢頭,利用我們在過去一年中建立的堅實基礎,將Roadzen確立爲公開市場汽車保險垂直人工智能領域的領導者。”
Jean-Noël Gallardo, Roadzen’s CFO commented, “In preparation for 2024 year-end, we focused on simplifying and streamlining the organizational structure and internal financial reporting protocols to ready the Company for scale and another breakout year in 2025. We also focused on streamlining operations and eliminating redundancies. This allowed us to rationalize small subsidiaries that no longer align with our strategy, yielding a 7% reduction in headcount and the closure of under-performing assets.”
Roadzen首席財務官讓-諾埃爾·加拉多評論說:“爲了爲2024年年底做準備,我們專注於簡化和精簡組織結構和內部財務報告協議,爲公司在2025年擴大規模和迎來又一個突破年份做好準備。我們還專注於精簡運營和消除冗餘。這使我們能夠合理調整不再符合我們戰略的小型子公司,從而使員工人數減少了7%,關閉了表現不佳的資產。”
________________________
1Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.
______________________
1調整後的息稅折舊攤銷前利潤是非公認會計准則財務指標。有關更多信息,包括與最近的GAAP財務指標的對賬,請參閱本新聞稿末尾的 “非公認會計准則財務指標”。
Fiscal Year Highlights
財政年度亮點
Revenue and Key Performance Indicators
收入和關鍵績效指標
Revenue reached $46.7 million, an increase of 245% over the prior year, due to the incremental revenue from U.S. and U.K. acquisitions, as well as continuing growth in India.
Revenue from brokerage solutions accounted for 65% of our revenue, increasing $21.3 million, or 232% over the prior year, while IaaS revenue accounted for the remaining 35% of revenue, increasing $11.8 million, or 270% over the prior year.
Gross margin continued to show improvement, with a slight increase over the prior year to 61.2% up from 60.1%.
As of March 31, 2024, we had 33 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), compared to 26 in the prior year; 68 automotive customer agreements in fiscal 2024 compared to 23 in the prior year; and approximately 3,200 agents and fleet customer agreements in fiscal 2024 compared to approximately 2,000 in the prior year.
In the brokerage segment: 324,293 policies were sold during fiscal 2024 adding up to $61.8 million of Gross Written Premium (“GWP”), compared to 258,546 policies sold in the prior year for $38.0 million of GWP, a 25.5% and 62.6% increase respectively.
For the IaaS segment: 301,120 claims and vehicle inspections were conducted during the fiscal year compared to 220,781 the prior year, representing a 36.4% increase.
收入達到4,670萬美元,比上年增長245%,這要歸因於美國和英國收購的收入增加,以及印度的持續增長。
經紀解決方案的收入佔我們收入的65%,比上年增長了2,130萬美元,增長了232%,而IaaS收入佔收入的其餘35%,比上年增長了1180萬美元,增長了270%。
毛利率繼續有所改善,較上年同期略有增長至61.2%,從60.1%上升至61.2%。
截至2024年3月31日,我們有33份保險客戶協議(包括承運人、自保公司和其他處理保險索賠的實體),而上一財年爲26份;2024財年有68份汽車客戶協議,上年爲23份;2024財年代理和車隊客戶協議約爲3,200份,上年約爲2,000份。
在經紀領域:2024財年售出了324,293份保單,總保費(“GWP”)總額爲6180萬美元,而去年以3,800萬美元的GWP售出的保單爲258,546份,分別增長了25.5%和62.6%。
就IaaS細分市場而言:本財年共進行了301,120份索賠和車輛檢查,而去年同期爲220,781起,增長了36.4%。
Expenses and Net Results
費用和淨業績
Operating expenses excluding Depreciation and Amortization totaled $104.1 million, an increase of $86.0 million compared to the prior year. This includes $61.2 million of non-cash expenses, comprised of $56.3 million of equity compensation expense related to RSUs granted to employees on September 18, 2023, and $4.9 million in provisions for doubtful accounts that include $2.8 million related to the issuance of preferred stock prior to the Business Combination (as defined in our SEC filings) and $2.1 million in advances made to de-consolidated subsidiaries.
Other expenses totaled $22.2 million, an increase of $19.5 million over the prior year, driven by $19.5 million of non-cash expense related to fair market valuation adjustments of financial instruments, including the Forward Purchase Agreement (“FPA”) and warrants.
In total, net loss for the fiscal year includes $89.4 million of non-cash, non-recurring and other extraordinary items that, when removed, result in an Adjusted EBITDA loss of $10.4 million compared to $9.9 million loss in the prior year. Adjusted EBITDA margin was -22.3% in fiscal 2024 compared to -73.1% in the prior year.
不包括折舊和攤銷在內的運營費用總額爲1.041億美元,與去年同期相比增加了8,600萬美元。這包括6,120萬美元的非現金支出,包括與2023年9月18日發放給員工的限制性股票單位相關的5,630萬美元股權薪酬支出,以及490萬美元的可疑帳戶準備金,其中包括與業務合併前發行優先股相關的280萬美元(定義見我們的美國證券交易委員會文件),以及向解散後的子公司支付的210萬美元預付款。
其他支出總額爲2,220萬美元,比上年增加了1,950萬美元,這得益於與包括遠期購買協議(“FPA”)和認股權證在內的金融工具的公允市場估值調整相關的1,950萬美元非現金支出。
該財年的淨虧損總計包括8,940萬美元的非現金、非經常性和其他特殊項目,這些項目去掉後,調整後的息稅折舊攤銷前利潤虧損爲1,040萬美元,而上一年度的虧損爲990萬美元。2024財年調整後的息稅折舊攤銷前利潤率爲-22.3%,而去年同期爲-73.1%。
Balance Sheet
資產負債表
Cash on hand as of March 31, 2024 was $11.2 million compared to $0.6 million on March 31, 2023.
Current Assets were $49.8 million, primarily due to the $28.8 million FPA prepayment balance.
Current Liabilities totaled $65.7 million, including $17.4 million in Accounts Payable assumed by Roadzen in connection with the Business Combination, and $13.1 million for Mizuho Securities USA LLC (“Mizuho”) that includes short-term borrowings of $7.5 million and a $5.6 million fair valuation of warrants granted as part of the Mizuho debt agreement.
Long-Term Liabilities totaled $3.0 million, primarily made up of various debt instruments issued by the Company.
截至2024年3月31日,手頭現金爲1,120萬美元,而2023年3月31日爲60萬美元。
流動資產爲4,980萬美元,主要是由於FPA的預付款餘額爲2,880萬美元。
流動負債總額爲6,570萬美元,其中包括Roadzen承擔的與業務合併相關的1,740萬美元應付賬款,以及瑞穗證券美國有限責任公司(“瑞惠”)的1,310萬美元,其中包括750萬美元的短期借款和作爲瑞穗債務協議一部分授予的560萬美元認股權證的公允估值。
長期負債總額爲300萬美元,主要由公司發行的各種債務工具組成。
Russell Indexes
羅素指數
June 28, 2024 – Roadzen was added to the Russell Indexes, including the Russell 2000®, Russell 3000®, and Russell Microcap®, which will drive awareness from institutional shareholders and improve visibility as a publicly-listed company.
2024年6月28日——Roadzen被納入羅素指數,包括羅素2000®、羅素3000® 和羅素微型股®,這將提高機構股東的知名度並提高作爲上市公司的知名度。
Roadzen Inc. | |||||
Consolidated Balance Sheets | |||||
(in US$, except per share data and share count) | |||||
|
|
|
|||
Particulars |
|
As of March 31, |
As of March 31, |
||
Assets |
|
|
|
||
Current assets: |
|
|
|
||
Cash and cash equivalents |
|
11,186,095 |
|
589,340 |
|
Accounts receivable, net |
|
3,652,380 |
|
1,535,985 |
|
Inventories |
|
70,667 |
|
59,897 |
|
Prepayments and other current assets |
|
34,426,335 |
|
3,181,936 |
|
Investments |
|
507,094 |
|
- |
|
Total current assets |
|
49,842,571 |
|
5,367,158 |
|
Restricted cash |
|
378,993 |
|
542,490 |
|
Non marketable securities |
|
1,514,796 |
|
4,910,030 |
|
Property and equipment, net |
|
454,589 |
|
232,493 |
|
Goodwill |
|
2,061,553 |
|
996,441 |
|
Operating lease right-of-use assets |
|
822,327 |
|
545,988 |
|
Intangible assets, net |
|
2,989,604 |
|
2,469,158 |
|
Other long-term assets |
|
71,913 |
|
117,484 |
|
Total assets |
|
58,136,346 |
|
15,181,242 |
|
|
|
|
|
||
Liabilities, mezzanine equity and stockholders' deficit |
|
|
|
||
Current liabilities |
|
|
|
||
Current portion of long-term borrowings |
|
2,228,471 |
|
2,852,528 |
|
Short-term borrowings |
|
15,754,829 |
|
4,875,801 |
|
Due to insurer |
|
8,918,849 |
|
— |
|
Accounts payable and accrued expenses |
|
29,573,638 |
|
6,241,066 |
|
Derivative warrant liabilities |
|
5,585,955 |
|
— |
|
Short-term operating lease liabilities |
|
358,802 |
|
208,697 |
|
Other current liabilities |
|
3,231,962 |
|
2,503,893 |
|
Total current liabilities |
|
65,652,506 |
|
16,681,985 |
|
Long-term borrowings |
|
1,472,933 |
|
653,269 |
|
Long-term operating lease liabilities |
|
268,856 |
|
360,306 |
|
Other long-term liabilities |
|
1,241,917 |
|
294,301 |
|
Total liabilities |
|
68,636,212 |
|
17,989,861 |
|
|
|
|
|
||
Commitments and contingencies (refer note 26) |
|
|
|
||
|
|
|
|
||
Mezzanine equity |
|
|
|
||
None authorized or issued as of March 31, 2024; Series A and A1 preferred stock and additional paid in capital, $0.0001 par value per share, 81,635,738 shares authorized (Series A 5,442,383 and Series A1 76,193,356); 39,868,173 shares issued and outstanding as on March 31, 2023. |
|
— |
|
48,274,279 |
|
Shareholders' deficit |
|
|
|
||
Preference shares, $0.0001 par value per share, 60,000,000 shares authorized and none issued as of March 31, 2024 and none authorized or issued as of March 31, 2023 |
|
— |
|
— |
|
Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31 2024 and $0.0001 par value per share, 108,840,000 shares authorized as of March 31, 2023; 68,440,829 shares and 16,501,984 shares issued and outstanding as of March 31, 2024 and March 31, 2023 respectively |
|
84,974,378 |
|
303,213 |
|
Accumulated deficit |
|
(151,008,419 |
) |
(51,448,299 |
) |
Accumulated other comprehensive income/(loss) |
|
(600,501 |
) |
(66,903 |
) |
Other components of equity |
|
56,560,706 |
|
366,786 |
|
Total shareholders’ deficit |
|
(10,073,836 |
) |
(50,845,203 |
) |
Non-controlling interest |
|
(426,030 |
) |
(237,695 |
) |
Total deficit |
|
(10,499,866 |
) |
(51,082,898 |
) |
Total liabilities, Mezzanine equity and Shareholders’ deficit, Non-controlling interest |
|
58,136,346 |
|
15,181,242 |
|
|
|
|
|
Roadzen Inc. | |||||
合併資產負債表 | |||||
(以美元計,每股數據和股票數量除外) | |||||
|
|
|
|||
細節 |
|
截至3月31日, |
截至3月31日, |
||
資產 |
|
|
|
||
流動資產: |
|
|
|
||
現金和現金等價物 |
|
11,186,095 |
|
589,340 |
|
應收賬款,淨額 |
|
3,652,380 |
|
1,535,985 |
|
庫存 |
|
70,667 |
|
59,897 |
|
預付款和其他流動資產 |
|
34,426,335 |
|
3,181,936 |
|
投資 |
|
507,094 |
|
- |
|
流動資產總額 |
|
49,842,571 |
|
5,367,158 |
|
受限制的現金 |
|
378,993 |
|
542,490 |
|
非有價證券 |
|
1,514,796 |
|
4,910,030 |
|
財產和設備,淨額 |
|
454,589 |
|
232,493 |
|
善意 |
|
2,061,553 |
|
996,441 |
|
經營租賃使用權資產 |
|
822,327 |
|
545,988 |
|
無形資產,淨額 |
|
2,989,604 |
|
2,469,158 |
|
其他長期資產 |
|
71,913 |
|
117,484 |
|
總資產 |
|
58,136,346 |
|
15,181,242 |
|
|
|
|
|
||
負債、夾層權益和股東赤字 |
|
|
|
||
流動負債 |
|
|
|
||
長期借款的流動部分 |
|
2,228,471 |
|
2,852,528 |
|
短期借款 |
|
15,754,829 |
|
4,875,801 |
|
應付保險公司款項 |
|
8,918,849 |
|
— |
|
應付賬款和應計費用 |
|
29,573,638 |
|
6,241,066 |
|
衍生權證負債 |
|
5,585,955 |
|
— |
|
短期經營租賃負債 |
|
358,802 |
|
208,697 |
|
其他流動負債 |
|
3,231,962 |
|
2,503,893 |
|
流動負債總額 |
|
65,652,506 |
|
16,681,985 |
|
長期借款 |
|
1,472,933 |
|
653,269 |
|
長期經營租賃負債 |
|
268,856 |
|
360,306 |
|
其他長期負債 |
|
1,241,917 |
|
294,301 |
|
負債總額 |
|
68,636,212 |
|
17,989,861 |
|
|
|
|
|
||
承付款和意外開支(見附註26) |
|
|
|
||
|
|
|
|
||
夾層股權 |
|
|
|
||
截至2024年3月31日,尚未授權或發行;A系列和A1優先股及額外實收資本,每股面值0.0001美元,已授權81,635,738股(A系列5,442,383和A1系列76,193,356股);截至2023年3月31日已發行和流通的39,868,173股股票。 |
|
— |
|
48,274,279 |
|
股東赤字 |
|
|
|
||
優先股,每股面值0.0001美元,已授權6000萬股,截至2024年3月31日未發行,截至2023年3月31日未獲授權或發行 |
|
— |
|
— |
|
普通股和額外實收資本,每股面值0.0001美元,截至2024年3月31日已授權2.2億股,每股面值0.0001美元,截至2023年3月31日已授權108,840,000股股票;截至2024年3月31日和2023年3月31日分別已發行和流通的68,440,829股和16,501,984股股票 |
|
84,974,378 |
|
303,213 |
|
累計赤字 |
|
(151,008,419) |
) |
(51,448,299) |
) |
累計其他綜合收益/(虧損) |
|
(600,501) |
) |
(66,903) |
) |
股權的其他組成部分 |
|
56,560,706 |
|
366,786 |
|
股東赤字總額 |
|
(10,073,836) |
) |
(50,845,203 |
) |
非控股權益 |
|
(426,030) |
) |
(237,695) |
) |
赤字總額 |
|
(10,499,866) |
) |
(51,082,898) |
) |
負債總額、夾層權益和股東赤字、非控股權益 |
|
58,136,346 |
|
15,181,242 |
|
|
|
|
|
|
|
|
|
||
Roadzen Inc. | |||||
Consolidated Statements of Operations | |||||
(in US$, except per share data and share count) | |||||
| |||||
|
|
For the year ended |
|||
Particulars |
|
2024 |
|
2023 |
|
Revenue |
|
46,724,287 |
|
13,560,498 |
|
Costs and expenses: |
|
|
|
||
Cost of services |
|
18,132,757 |
|
5,413,686 |
|
Research and development |
|
4,973,816 |
|
2,670,333 |
|
Sales and marketing |
|
33,195,608 |
|
10,736,173 |
|
General and administrative |
|
65,895,085 |
|
4,648,242 |
|
Depreciation and amortization |
|
2,185,858 |
|
1,624,208 |
|
Total costs and expenses |
|
124,383,124 |
|
25,092,642 |
|
Loss from operations |
|
(77,658,837 |
) |
(11,532,144 |
) |
Interest income/(expense) |
|
(2,291,123 |
) |
(776,023 |
) |
Fair value gains/(losses) in financial instruments carried at fair value |
|
(19,475,005 |
) |
(1,009,374 |
) |
Gain on deconsolidation of subsidiaries |
|
2,098,745 |
|
- |
|
Impairment of goodwill and intangibles with definite life |
|
- |
|
(919,517 |
) |
Impairment of investment |
|
(3,395,234 |
) |
- |
|
Other income/(expense) net |
|
838,728 |
|
(6,358 |
) |
Total other income/(expense) |
|
(22,223,889 |
) |
(2,711,272 |
) |
(Loss)/Income before income tax expense |
|
(99,882,726 |
) |
(14,243,416 |
) |
Less: income tax (benefit)/expense |
|
(23,648 |
) |
(42,265 |
) |
Net (loss)/income before non-controlling interest |
|
(99,859,078 |
) |
(14,201,151 |
) |
Net loss attributable to non-controlling interest, net of tax |
|
(189,743 |
) |
(176,883 |
) |
Net (loss)/income attributable to Roadzen Inc. |
|
(99,669,335 |
) |
(14,024,268 |
) |
|
|
|
|
||
|
|
|
|
||
Net (loss)/income attributable to Roadzen Inc. ordinary shareholders |
|
(99,669,335 |
) |
(14,024,268 |
) |
Basic and diluted |
|
(2.26 |
) |
(0.86 |
) |
|
|
|
|
||
Weighted-average number of shares outstanding used to compute net loss per share attributable to Roadzen Inc. ordinary shareholders |
|
44,032,410 |
|
16,501,984 |
|
|
|
|
|
|
|
|
|
||
Roadzen Inc. | |||||
合併運營報表 | |||||
(以美元計,每股數據和股票數量除外) | |||||
| |||||
|
|
截至該年度 |
|||
細節 |
|
2024 |
|
2023 |
|
收入 |
|
46,724,287 |
|
13,560,498 |
|
成本和支出: |
|
|
|
||
服務成本 |
|
18,132,757 |
|
5,413,686 |
|
研究和開發 |
|
4,973,816 |
|
2,670,333 |
|
銷售和營銷 |
|
33,195,608 |
|
10,736,173 |
|
一般和行政 |
|
65,895,085 |
|
4,648,242 |
|
折舊和攤銷 |
|
2,185,858 |
|
1,624,208 |
|
成本和支出總額 |
|
124,383,124 |
|
25,092,642 |
|
運營損失 |
|
(77,658,837) |
) |
(11,532,144 |
) |
利息收入/(支出) |
|
(2,291,123 |
) |
(776,023) |
) |
按公允價值記賬的金融工具的公允價值收益/(虧損) |
|
(19,475,005) |
) |
(1,009,374) |
) |
分拆子公司所得收益 |
|
2,098,745 |
|
- |
|
商譽減值和壽命確定的無形資產 |
|
- |
|
(919,517) |
) |
投資減值 |
|
(3,395,234) |
) |
- |
|
其他收入/(支出)淨額 |
|
838,728 |
|
(6,358) |
) |
其他收入總額/(支出) |
|
(22,223,889) |
) |
(2,711,272 |
) |
(虧損)/所得稅支出前的收入 |
|
(99,882,726 |
) |
(14,243,416 |
) |
減去:所得稅(福利)/費用 |
|
(23,648 |
) |
(42,265) |
) |
扣除非控股權益前的淨(虧損)/收益 |
|
(99,859,078) |
) |
(14,201,151 |
) |
歸屬於非控股權益的淨虧損,扣除稅款 |
|
(189,743) |
) |
(176,883) |
) |
歸屬於Roadzen Inc.的淨(虧損)/收益 |
|
(99,669,335) |
) |
(14,024,268 |
) |
|
|
|
|
||
|
|
|
|
||
歸屬於Roadzen Inc.普通股股東的淨(虧損)/收益 |
|
(99,669,335) |
) |
(14,024,268 |
) |
基本款和稀釋版 |
|
(2.26 |
) |
(0.86) |
) |
|
|
|
|
||
用於計算歸屬於Roadzen Inc.普通股股東的每股淨虧損的加權平均已發行股票數量 |
|
44,032,410 |
|
16,501,984 |
|
|
|
|
|
|
|
|
|
|
|
Roadzen Inc. | |||||
Consolidated Statements of Cash Flow | |||||
(in US$) | |||||
|
|
For the year ended |
|||
Particulars |
|
2024 |
|
2023 |
|
|
|
|
|
||
Cash flows from operating activities |
|
|
|
||
Net loss including non controlling interest |
|
(99,859,078 |
) |
(14,201,151 |
) |
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
||
Depreciation and amortization |
|
2,185,858 |
|
1,624,208 |
|
Stock based compensation |
|
56,303,135 |
|
- |
|
Deferred income taxes |
|
(86,020 |
) |
(131,378 |
) |
Unrealised foreign exchange loss/(profit) |
|
(459,190 |
) |
9,184 |
|
Fair value losses in financial instruments carried at fair value |
|
19,475,005 |
|
1,009,374 |
|
Gain on deconsolidation of subsidiaries |
|
(2,098,745 |
) |
- |
|
Gain on fair valuation of investments |
|
(1,812 |
) |
- |
|
Impairment of investment |
|
3,395,234 |
|
- |
|
Gain on sale of property and equipment |
|
- |
|
(625 |
) |
Expected credit loss (net of reversal) |
|
293,853 |
|
- |
|
Provision on doubtful advances and receivables |
|
4,877,222 |
|
- |
|
Lease equalisation reserve |
|
- |
|
(9,675 |
) |
Impairment loss |
|
- |
|
919,517 |
|
Balances written off/(back) |
|
(51,513 |
) |
7,164 |
|
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: |
|
|
|
||
Inventories |
|
(11,688 |
) |
(9,352 |
) |
Income taxes, net |
|
(64,243 |
) |
(55,766 |
) |
Accounts receivables, net |
|
5,865,550 |
|
(943,470 |
) |
Prepayments and other assets |
|
(23,861,458 |
) |
(529,692 |
) |
Accounts payable and accrued expenses and other current liabilities |
|
19,344,448 |
|
4,193,439 |
|
Other liabilities |
|
(674,090 |
) |
571,519 |
|
Net cash used in operating activities |
|
(15,427,532 |
) |
(7,546,704 |
) |
|
|
|
|
||
Cash flows from investing activities |
|
|
|
||
Purchase of property and equipment, intangible assets and goodwill |
|
(455,924 |
) |
(842,045 |
) |
Proceeds from sale of property, plant and equipment |
|
- |
|
686 |
|
Acquisition of businesses |
|
(5,749,200 |
) |
- |
|
Investment in mutual funds |
|
(500,000 |
) |
- |
|
Net cash used in investing activities |
|
(6,705,124 |
) |
(841,359 |
) |
|
|
|
|
||
Cash flows from financing activities |
|
|
|
||
Proceeds from business combination |
|
26,824 |
|
- |
|
Proceeds from issue of preferred stock |
|
6,079,409 |
|
458,000 |
|
Proceeds from exercise of preferred share warrants |
|
- |
|
9,996 |
|
Proceeds from long-term borrowings |
|
2,438,014 |
|
4,107,029 |
|
Repayments of long-term borrowings |
|
(11,684 |
) |
(612,645 |
) |
Net proceeds/(payments) from short-term borrowings |
|
13,039,186 |
|
4,398,343 |
|
Net cash generated from financing activities |
|
21,571,749 |
|
8,360,723 |
|
Effect of exchange rate changes on cash and cash equivalents |
|
(244,444 |
) |
72,752 |
|
Net (decrease)/increase in cash and cash equivalents (including restricted cash) |
|
(805,351 |
) |
45,412 |
|
Cash acquired in business combination |
|
11,238,609 |
|
- |
|
Cash and cash equivalents at the beginning of the period (including restricted cash) |
|
1,131,830 |
|
1,086,418 |
|
Cash and cash equivalents at the end of the period (including restricted cash) |
|
11,565,088 |
|
1,131,830 |
|
|
|
|
|
||
Reconciliation of cash and cash equivalents |
|
|
|
||
Cash and cash equivalents |
|
11,186,095 |
|
589,340 |
|
Restricted cash |
|
378,993 |
|
542,490 |
|
Total cash and cash equivalents |
|
11,565,088 |
|
1,131,830 |
|
|
|
|
|
||
Supplemental disclosure of cash flow information |
|
|
|
||
Cash paid for interest, net of amounts capitalized |
|
623,525 |
|
457,177 |
|
Cash paid for income taxes, net of refunds |
|
- |
|
141,228 |
|
Non-cash investing and financing activities |
|
|
|
||
Exercise of warrant for issuance of convertible preferred stock |
|
- |
|
103,159 |
|
Convertible preferred stock issued on conversion of convertible notes |
|
- |
|
24,006,892 |
|
Consideration payable in connection with acquisitions |
|
488,000 |
|
243,036 |
|
Interest accrued on borrowings |
|
451,323 |
|
257,188 |
|
|
|
|
|
|
|
|
|
|
|
Roadzen Inc. | |||||
合併現金流量表 | |||||
(以美元計) | |||||
|
|
截至該年度 |
|||
細節 |
|
2024 |
|
2023 |
|
|
|
|
|
||
來自經營活動的現金流 |
|
|
|
||
淨虧損包括非控股權益 |
|
(99,859,078) |
) |
(14,201,151 |
) |
爲使淨虧損與經營活動中使用的淨現金相一致而進行的調整: |
|
|
|
||
折舊和攤銷 |
|
2,185,858 |
|
1,624,208 |
|
基於股票的薪酬 |
|
56,303,135 |
|
- |
|
遞延所得稅 |
|
(86,020) |
) |
(131,378) |
) |
未實現的外匯損失/(利潤) |
|
(459,190) |
) |
9,184 |
|
按公允價值記賬的金融工具的公允價值損失 |
|
19,475,005 |
|
1,009,374 |
|
分拆子公司所得收益 |
|
(2,098,745) |
) |
- |
|
投資公允估值的收益 |
|
(1,812) |
) |
- |
|
投資減值 |
|
3,395,234 |
|
- |
|
出售財產和設備的收益 |
|
- |
|
(625) |
) |
預期信用損失(扣除逆轉後) |
|
293,853 |
|
- |
|
關於可疑預付款和應收賬款的準備金 |
|
4,877,222 |
|
- |
|
租賃均衡儲備金 |
|
- |
|
(9,675) |
) |
減值損失 |
|
- |
|
919,517 |
|
註銷的餘額/(返回) |
|
(51,513) |
) |
7,164 |
|
扣除收購資產和承擔的負債後的資產和負債的變化: |
|
|
|
||
庫存 |
|
(11,688) |
) |
(9,352) |
) |
所得稅,淨額 |
|
(64,243) |
) |
(55,766) |
) |
應收賬款,淨額 |
|
5,865,550 |
|
(943,470) |
) |
預付款和其他資產 |
|
(23,861,458 |
) |
(529,692) |
) |
應付賬款和應計費用以及其他流動負債 |
|
19,344,448 |
|
4,193,439 |
|
其他負債 |
|
(674,090) |
) |
571,519 |
|
用於經營活動的淨現金 |
|
(15,427,532) |
) |
(7,546,704) |
) |
|
|
|
|
||
來自投資活動的現金流 |
|
|
|
||
購買財產和設備、無形資產和商譽 |
|
(455,924) |
) |
(842,045) |
) |
出售財產、廠房和設備的收益 |
|
- |
|
686 |
|
收購企業 |
|
(5,749,200 |
) |
- |
|
投資共同基金 |
|
(500,000 |
) |
- |
|
用於投資活動的淨現金 |
|
(6,705,124) |
) |
(841,359) |
) |
|
|
|
|
||
來自融資活動的現金流 |
|
|
|
||
業務合併的收益 |
|
26,824 |
|
- |
|
發行優先股的收益 |
|
6,079,409 |
|
458,000 |
|
行使優先股認股權證的收益 |
|
- |
|
9,996 |
|
長期借款的收益 |
|
2,438,014 |
|
4,107,029 |
|
長期借款的償還 |
|
(11,684) |
) |
(612,645) |
) |
短期借款的淨收益/(付款) |
|
13,039,186 |
|
4,398,343 |
|
融資活動產生的淨現金 |
|
21,571,749 |
|
8,360,723 |
|
匯率變動對現金和現金等價物的影響 |
|
(244,444) |
) |
72,752 |
|
現金及現金等價物(包括限制性現金)的淨(減少)/增加 |
|
(805,351) |
) |
45,412 |
|
通過業務合併獲得的現金 |
|
11,238,609 |
|
- |
|
期初的現金和現金等價物(包括限制性現金) |
|
1,131,830 |
|
1,086,418 |
|
期末的現金和現金等價物(包括限制性現金) |
|
11,565,088 |
|
1,131,830 |
|
|
|
|
|
||
現金和現金等價物的對賬 |
|
|
|
||
現金和現金等價物 |
|
11,186,095 |
|
589,340 |
|
受限制的現金 |
|
378,993 |
|
542,490 |
|
現金和現金等價物總額 |
|
11,565,088 |
|
1,131,830 |
|
|
|
|
|
||
現金流信息的補充披露 |
|
|
|
||
已支付的利息現金,扣除資本化金額 |
|
623,525 |
|
457,177 |
|
爲所得稅支付的現金,扣除退款 |
|
- |
|
141,228 |
|
非現金投資和融資活動 |
|
|
|
||
行使發行可轉換優先股的認股權證 |
|
- |
|
103,159 |
|
轉換可轉換票據時發行的可轉換優先股 |
|
- |
|
24,006,892 |
|
與收購相關的應付對價 |
|
488,000 |
|
243,036 |
|
借款應計利息 |
|
451,323 |
|
257,188 |
|
|
|
|
|
The following table reconciles our net loss reported in accordance with U.S. GAAP to Adjusted EBITDA:
下表將我們根據美國公認會計原則報告的淨虧損與調整後的息稅折舊攤銷前利潤進行了對賬:
|
For the year ended |
|||
Particulars |
2024 |
|
2023 |
|
Net loss |
(99,859,078 |
) |
(14,201,151 |
) |
Adjusted for: |
|
|
||
Other (income)/expense net |
(838,728 |
) |
6,358 |
|
Interest (income)/expense |
2,291,123 |
|
776,023 |
|
Fair value changes in financial instruments carried at fair value |
19,475,005 |
|
1,009,374 |
|
Gain on deconsolidation of subsidiaries |
(2,098,745 |
) |
- |
|
Impairment of goodwill and intangibles with definite life |
- |
|
919,517 |
|
Impairment of investment |
3,395,234 |
|
- |
|
Tax (benefit)/expense |
(23,648 |
) |
(42,265 |
) |
Depreciation and amortization |
2,185,858 |
|
1,624,208 |
|
Stock based compensation expense |
56,303,135 |
|
- |
|
Non-cash expenses |
1,048,353 |
|
- |
|
Non-recurring expenses |
7,685,859 |
|
- |
|
Adjusted EBITDA |
(10,435,632 |
) |
(9,907,936 |
) |
|
截至該年度 |
|||
細節 |
2024 |
|
2023 |
|
淨虧損 |
(99,859,078) |
) |
(14,201,151 |
) |
調整爲: |
|
|
||
其他(收入)/支出淨額 |
(838,728) |
) |
6,358 |
|
利息(收入)/支出 |
2,291,123 |
|
776,023 |
|
按公允價值計值的金融工具的公允價值變動 |
19,475,005 |
|
1,009,374 |
|
分拆子公司所得收益 |
(2,098,745) |
) |
- |
|
商譽減值和壽命確定的無形資產 |
- |
|
919,517 |
|
投資減值 |
3,395,234 |
|
- |
|
稅收(福利)/費用 |
(23,648 |
) |
(42,265) |
) |
折舊和攤銷 |
2,185,858 |
|
1,624,208 |
|
股票薪酬支出 |
56,303,135 |
|
- |
|
非現金支出 |
1,048,353 |
|
- |
|
非經常性費用 |
7,685,859 |
|
- |
|
調整後 EBITDA |
(10,435,632) |
) |
(9,907,936) |
) |