See more : Samsung Publishing Co., Ltd (068290.KS) Income Statement Analysis – Financial Results
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 |
SunCar Technology and Lotus Technology Forge Strategic Partnership to Enhance Insurance Services and Expand Sales Network
NEW YORK , July 23, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce a strategic partnership (the "Partnership") with...
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NEW YORK , May 15, 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 an extended collaboration with Zeekr Intelligent Technology Holding Limited ("Zeekr")...
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NEW YORK , May 13, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, announced an expanded partnership with Beijing Houji Insurance Brokerage...
SunCar Technology Group, Inc. (SDA) Q4 2023 Earnings Call Transcript
SunCar Technology Group, Inc. (NASDAQ:SDA ) Q4 2023 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Jennifer Jiang - Director of Investor Relations Zaichang Ye - Chairman and CEO Stanley Yang - Chief Strategy Officer Conference Call...
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NEW YORK , April 24, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, will announce its financial results for Fiscal Year 2023...
SunCar Technology Group Inc. Elevates Luxury Travel with Exclusive Airport Concierge Service in Partnership with Ant Fortune
NEW YORK , April 18, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized auto services and auto e-insurance in China, announced a strategic partnership with Ant Fortune (Shanghai) Financial Information...
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