See more : Amoéba S.A. (ALMIB.PA) 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 |
Why SunCar Technology Stock Plummeted by 28% This Week
The Chinese auto insurance and after-market sales specialist is floating a new stock issue. It will sell $21 million worth of its Class A ordinary shares to institutional investors.
SunCar Technology Group Inc. Announces $21 Million Follow-on Offering
NEW YORK , Oct. 26, 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 that it has entered...
SunCar Technology Launches Online Insurance Solution for Li Auto Inc. Customers
NEW YORK, Oct. 20, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation services in China, announced that it has launched...
SunCar Technology Group Inc. Announces First Half Year 2023 Results
NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced its unaudited financial...
SunCar Technology Group Inc. signed a three year designated driving services contract with CITIC
NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that it has signed...
SunCar Technology Group Inc. CEO Meets the President of Starr Strategic Holdings
NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that SunCar's CEO, Mr....
SunCar Technology Group Inc. Expands Overseas Car Services
NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, announced that it has renewed...
SunCar Technology Group Inc. Announces Service Agreement with CMBC
NEW YORK, Aug. 31, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has...
SDA Stock Alert: SunCar Technology Renews Partnership With Nio
Shares of China-based auto insurance intermediation service provider SunCar Technology (NASDAQ: SDA ) are moving up modestly today. Earlier this morning, the company announced a one-year intermediation service agreement with Nio (NYSE: NIO ), a popular electric vehicle (EV) maker...
SunCar Technology Group Inc. Announces Service Agreement with Nio Auto
NEW YORK, Aug. 30, 2023 (GLOBE NEWSWIRE) -- SunCar Technology Group Inc. (“SunCar” or the “Company”) (Nasdaq: SDA), a leading provider of digitalized enterprise automotive after-sales services and online auto insurance intermediation service in China, today announced that it has...
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