AIHS
Senmiao Technology Limited1.2100
-0.0500-3.97%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.51MP/E (TTM)
-Basic EPS (TTM)
-2.82Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Senmiao's Q3 FY2026 revenues fell 20.5% y/y to $358.7K from continuing operations, driven by fewer operating leases (322 vs 346 vehicles), while gross profit dropped to $49.5K (13.8% margin vs 23.5%). Operating loss widened to $1.1M amid $651K SG&A (up 58% y/y on consulting) and $245K credit provisions against Jinkailong; net loss from continuing ops hit $853K, narrowed by $243K other income (debt forgiveness). Cash swelled to $3.5M on $3.8M net equity raises (PIPE/registered direct), funding $793K op cash burn; disposed Sichuan ops Dec 2025 for $427K gain (zero consideration, assuming $518K debt). Balance sheet turned positive at $3.8M equity. Fierce ride-hailing competition pressures volumes.
8-K
Regains Nasdaq equity compliance
Senmiao Technology spun off its Yicheng and Zecheng subsidiaries to Hu Mao Sheng Tang Holdings on December 31, 2025, boosting stockholders' equity above Nasdaq's $2.5M minimum after falling to ($132,073) as of September 30. The company submitted its compliance plan on January 15, 2026, believing the deficiency remediated. Nasdaq will monitor via the upcoming 10-Q. Delisting looms if equity slips.
8-K
CFO appointment announced
Senmiao Technology appointed Yafeng Li as CFO on January 2, 2026, replacing Xiaoyuan Zhang. Li, Financial Controller at World Trade Technology since 2020 with CIA, CMA, and Certified Tax Agent credentials, signed an at-will employment agreement with $50,000 annual salary. No family ties or conflicts disclosed. Smooth transition.
8-K
Dumps loss-making subsidiaries
Senmiao Technology dumped two money-losing auto transaction subsidiaries—Yicheng and Zecheng—for zero consideration to Hong Kong's Hu Mao Sheng Tang Holdings on December 31, 2025. These units racked up ~$11M in accumulated losses from ride-hailing competition and had no recent operations. CFO Xiaoyuan Zhang resigned same day, no disagreements noted; board hunts replacement. Pro formas deconsolidate, shedding $1.1M assets and $2M liabilities.
8-K
Nasdaq delisting warning issued
Senmiao Technology received a Nasdaq delisting notice on December 1, 2025, for stockholders' equity of ($132,073) as of September 30, 2025, breaching the $2.5M minimum under Listing Rule 5550(b)(1). It has 45 days to submit a compliance plan, potentially earning an extension to May 30, 2026. No immediate delisting. Delisting risks slashing liquidity and capital access.
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