Senmiao Technology (NASDAQ:AIHS) recently released its financial results for the third quarter of 2024. The company’s revenue for the period came in at US$1.62 million, which represents a 7.0% decrease from the same quarter in 2023. Despite this, Senmiao Technology managed to narrow its loss per share to US$0.099 from US$0.13 in the previous quarter, showing a 21% improvement.
Looking at the company’s trailing 12-month (TTM) period, we can see that Senmiao Technology is facing some challenges. Despite an overall decline in revenue over the past year, the company’s shares have remained relatively stable, with only a slight dip of 2.3% from a week ago.
However, investors should be aware of the risks associated with investing in Senmiao Technology, as our analysis has identified five warning signs for the company. Four of these are considered to be negative, including declining revenue and increasing operating expenses. It is important for investors to carefully consider these factors before making any investment decisions about Senmiao Technology.