Senmiao Technology Limited
1.7500-0.03 (-1.69%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · AIHS · USD
Key Stats
Market Cap
1.94MP/E (TTM)
-Basic EPS (TTM)
-2.84Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Senmiao Technology's Q1 FY2026 revenue dipped 2.2% y/y to $860K, driven by an 8.1% drop in operating lease income to $695K amid lower average rents and utilization falling to 88.0% from 90.4%, yet service fees from NEVs leasing surged 277.7% to $83K on stronger demand. Gross profit narrowed 22.1% to $197K with margins at 22.9%, while operating loss improved 21.0% to $611K thanks to 5.3% lower SG&A from workforce streamlining. Net loss from continuing operations halved to $276K, boosted by a $245K gain from disposing a subsidiary and $77K favorable derivative fair value shift; diluted EPS rose to $(0.15) from $(0.64), reconciling to 1,082,802 weighted shares. Cash edged up q/q to $868K, with $377K financing inflows offsetting $321K operating outflows, though no debt or FCF disclosed; related-party borrowings added $99K. Disposal closed in April 2025 for zero cash, eliminating finance lease liabilities. Fierce ride-hailing competition pressures driver retention.
8-K
Nasdaq compliance regained
Senmiao Technology Limited received a Nasdaq compliance notice on August 12, 2025, confirming it has regained the minimum bid price requirement after its common stock closed at or above $1.00 per share for 10 consecutive business days from July 29 to August 11. This resolves the prior deficiency flagged on August 1 for the 30-day period ending July 28, closing the matter early. Compliance secured.
8-K
Nasdaq bid price warning
Senmiao Technology Limited received a Nasdaq deficiency notice on July 29, 2025, for failing to maintain a $1 minimum bid price over 30 consecutive business days, despite implementing a 1:10 reverse stock split that same day. The company has 180 days until January 26, 2026, to achieve compliance by sustaining $1+ for 10 straight business days. No immediate delisting risk exists, but failure could trigger a second 180-day window if other standards are met. Compliance hinges on market response.
8-K
1-for-10 reverse split announced
Senmiao Technology Limited announced a 1-for-10 reverse stock split on its common stock, effective July 29, 2025, with trading on a split-adjusted basis starting that day under the AIHS symbol. The move, approved by the board, consolidates every 10 shares into one, rounding up fractions, while proportionally reducing authorized shares from 500 million to 50 million without needing stockholder vote. This aims to meet Nasdaq requirements. Yet, it won't change ownership percentages.
10-K
FY2025 results
Senmiao Technology Limited reported FY2025 results with revenue from continuing operations declining 21.5% y/y to $3.39M, driven by a 26.9% drop in auto operating lease income to $2.80M amid fewer leased vehicles (826 vs. 1,492) and lower average monthly rental ($410 vs. $485). Q4 saw sequential improvement in utilization to 89.0% from 79.7% annually, but gross profit fell 8.1% to $850K as costs eased 25.2%. Net loss narrowed to $3.47M from $3.85M, aided by a $397K gain from deconsolidating its ride-hailing unit, though credit provisions rose to $2.09M. Liquidity stood at $834K cash, with $3.0M working capital deficit; capital allocation focused on $336K related-party loans and $45K lease repayments. No annual guidance disclosed. Regulatory scrutiny on unlicensed drivers (43% of fleet) risks quarterly momentum.
IPO
Website
Employees
Sector
Industry
AITX
Artificial Intelligence Technol
0.00+0.00
AL
Air Lease Corporation
63.77+0.20
DWAY
DriveItAway Holdings Inc.
0.04-0.01
ELEEF
Element Fleet Mgmt Corp.
26.59-0.46
FTAI
FTAI Aviation Ltd.
174.00-5.39
GETR
Getaround, Inc.
0.00+0.00
HSAI
Hesai Group
24.01-0.10
HTZ
Hertz Global Holdings, Inc
5.27+0.16
SMRT
SmartRent, Inc.
1.38-0.01
ZCAR
Zoomcar Holdings, Inc.
0.29-0.01