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Complete financial analysis of SunCar Technology Group Inc. (SDA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SunCar Technology Group Inc., a leading company in the Auto – Dealerships industry within the Consumer Cyclical sector.
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SunCar Technology Group Inc. (SDA)
About SunCar Technology Group Inc.
SunCar Technology Group Inc., through its subsidiaries, provides digitalized automotive after-sales service and online insurance intermediation services in the People's Republic of China. It operates through three segments: Insurance Intermediation Business; Automotive After-Sales Business; and Technology Business. The Insurance Intermediation Business segment provides traditional auto insurance renewal services and new energy vehicles insurance services. The Automotive After-Sales Business provides after-sales services to banking, insurance companies, and other customer types. The Technology Business segment provides auto insurance SaaS products and other technical services. SunCar Technology Group Inc. was founded in 2007 and is based in Shanghai, China.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 363.75M | 282.41M | 249.24M | 238.93M | 0.00 |
| Cost of Revenue | 322.06M | 232.29M | 212.07M | 211.45M | 0.00 |
| Gross Profit | 41.69M | 50.12M | 37.16M | 27.48M | 0.00 |
| Gross Profit Ratio | 11.46% | 17.75% | 14.91% | 11.50% | 0.00% |
| Research & Development | 14.11M | 8.48M | 3.65M | 5.03M | 0.00 |
| General & Administrative | 22.46M | 37.74M | 10.42M | 7.78M | 0.00 |
| Selling & Marketing | 20.58M | 16.48M | 12.73M | 6.84M | 0.00 |
| SG&A | 43.04M | 54.22M | 23.15M | 14.62M | 0.00 |
| Other Expenses | 0.00 | 5.12M | 2.46M | 2.39M | 0.00 |
| Operating Expenses | 57.15M | 62.70M | 26.80M | 19.64M | 0.00 |
| Cost & Expenses | 379.21M | 294.99M | 238.88M | 231.09M | 0.00 |
| Interest Income | 0.00 | 0.00 | 20.07K | 3.20K | 0.00 |
| Interest Expense | 4.44M | 3.66M | 3.05M | 2.10M | 0.00 |
| Depreciation & Amortization | 4.87M | 5.70M | 4.06M | 1.61M | 171.86K |
| EBITDA | -5.70M | -1.32M | 14.41M | 9.45M | 171.86K |
| EBITDA Ratio | -1.57% | -0.62% | 6.77% | 4.95% | 0.00% |
| Operating Income | -15.46M | -12.58M | 10.36M | 7.83M | 0.00 |
| Operating Income Ratio | -4.25% | -4.45% | 4.16% | 3.28% | 0.00% |
| Total Other Income/Expenses | 455.00K | 1.90M | 171.00K | 540.00K | -34.63K |
| Income Before Tax | -15.01M | -10.67M | 10.53M | 8.37M | -34.63K |
| Income Before Tax Ratio | -4.13% | -3.78% | 4.22% | 3.50% | 0.00% |
| Income Tax Expense | 2.57M | 231.00K | 938.00K | 1.75M | 0.00 |
| Net Income | -26.91M | -6.67M | -18.09M | -9.78M | -34.63K |
| Net Income Ratio | -7.40% | -2.36% | -7.26% | -4.09% | 0.00% |
| EPS | -0.31 | -0.03 | -2.39 | -1.29 | 0.00 |
| EPS Diluted | -0.31 | -0.03 | -2.39 | -1.29 | 0.00 |
| Weighted Avg Shares Out | 85.44M | 225.00M | 7.57M | 7.57M | 7.46M |
| Weighted Avg Shares Out (Dil) | 85.44M | 225.00M | 7.57M | 7.57M | 7.46M |
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SunCar Technology Group Inc. (SDA) Q2 2024 Earnings Call Transcript
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NEW YORK , Aug. 20, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce that the Company will be presenting at the upcoming...
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