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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 |
SunCar Technology Group Inc. Partners with China CITIC Bank International to Elevate Private Banking Travel Experience
NEW YORK , April 2, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive services and auto e-insurance in China, announced that it will offer exclusive airport concierge car services...
SunCar Technology Group Inc. Highlights Growth and Market Leadership at the Citizens JMP Technology Conference
NEW YORK , March 7, 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 , recently presented at the Citizens JMP Securities Technology Conference,...
SunCar Technology Group Inc. to Present at the Citizens JMP Technology Conference
NEW YORK , March 4, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced that it will present at the...
SunCar Technology Group Inc. Announces Business Cooperation with Li Auto for Advanced System Software Development
NEW YORK , Feb. 21, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced a new business cooperation (the...
SunCar Technology Group Inc. Secures Exclusive Vehicle Service Contract with China Construction Bank's Sichuan Branch
NEW YORK , Jan. 22, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced an exclusive vehicle service contract...
SunCar Technology Group Inc. Secures Exclusive Vehicle Service Contract with China Construction Bank
NEW YORK , Jan. 8, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in digitalized automotive after-sales services and online auto insurance intermediation in China, today announced a two-year exclusive vehicle service...
SunCar Technology: Improved Sales Performance, But Downsides Exist Too
SunCar Technology's share price has dropped by 32% since July. While a correction was due even then, a follow-on share offering at a lower price only confirmed this. The company's recent robust revenue growth of 28% YoY in H1 2023...
SunCar Technology Group Inc. Announces Strategic Cooperation with the Heilongjiang Branch of the Agricultural Bank of China
NEW YORK , Nov. 13, 2023 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leading provider in digitalized automotive after-sales services and online auto insurance intermediation in China, is delighted to announce its recent strategic...
SunCar Technology Group Inc. Releases Version 7.9.0 of its Insurance System
Update to Include Customers of 18 Leading NEV Companies NEW YORK , Nov. 2, 2023 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar", "we", or the "Company") (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation...
SunCar Technology Group Inc. Announces the Closing of $21 Million Follow-on Offering
NEW YORK , Oct. 30, 2023 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, today announced it closed its...
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