SunCar Technology Group Third Quarter 2024 Earnings: US$0.022 loss per share (vs US$0.071 loss in 3Q 2023)

SunCar Technology Group (NASDAQ:SDA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$109.6m (up 20% from 3Q 2023).
• Net loss: US$2.16m (loss narrowed by 64% from 3Q 2023).
• US$0.022 loss per share (improved from US$0.071 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SunCar Technology Group Earnings Insights

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 4 years, compared to a 10.0% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are down 53% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with SunCar Technology Group (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.

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