Summary by Futu AI
Zoomcar Holdings reported Q3 FY2024 revenue of $2.45 million, relatively flat compared to $2.42 million in Q3 FY2023, while operating loss significantly narrowed to $3.24 million from $11.68 million year-over-year. The improvement was driven by substantial cost reductions across operations, with total costs declining 60% to $5.69 million from $14.10 million in the prior year period.Gross profit improved to $0.95 million from $0.33 million last year as cost of revenue decreased 28% to $1.50 million. The company achieved notable reductions in technology costs (-41% YoY), sales and marketing expenses (-80% YoY), and general administrative costs (-67% YoY) through operational efficiency initiatives. Contribution profit increased to $1.28 million from $0.21 million in Q3 FY2023.The company faces significant liquidity challenges with $4.40 million in cash as of December 31, 2024, and requires additional capital to continue operations. Management is actively pursuing financing options and implementing cost optimization measures, though substantial doubt exists about the company's ability to continue as a going concern without securing new funding imminently.
This strategy is often seen in tariff policies and trade negotiations.
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
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