The following is the calculation of Contribution Profit/(Loss) to the most comparable GAAP measure for three months and nine months ending December 31 Net Revenue.
Three months ended December 31, Nine months ended December 31,
---------------------------------------- ---------------------------------------------
2024 2023 2024 2023
--------------
Net revenue $ 2,449,368 $ 2,421,438 $ 6,937,250 $ 7,717,064
-------------- -------------------- ------------------ --------------------- ----------------------
Cost of
revenue 1,499,282 2,093,057 4,224,993 8,441,525
-------------- -------------------- ------------------ --------------------- ----------------------
Gross
Profit/(Loss) 950,086 328,381 2,712,257 (724,461)
-------------- -------------------- ------------------ --------------------- ----------------------
Add:
Depreciation
and
amortization
in COR 73,683 205,260 222,862 624,630
-------------- -------------------- ------------------ --------------------- ----------------------
Add:
Stock-based
compensation
in COR - 51,848 - 134,883
-------------- -------------------- ------------------ --------------------- ----------------------
Add: Overhead
costs in
COR (rent,
software
support,
insurance,
travel) 286,639 249,651 636,960 988,946
-------------- -------------------- ------------------ --------------------- ----------------------
Less: Host
Incentives
and Marketing
costs (excl.
brand
marketing) 26,414 626,267 621,158 2,104,360
-------------- -------------------- ------------------ --------------------- ----------------------
Less: Host
incentives 32,800 73,216 110,664 348,261
-------------- -------------------- ------------------ --------------------- ----------------------
Less:
Marketing
costs (excl.
brand
marketing) (6,386) 553,051 510,494 1,756,099
-------------- -------------------- ------------------ --------------------- ----------------------
Contribution
Profit /
(Loss) $ 1,283,994 $ 208,873 $ 2,950,921 $ (1,080,363)
-------------- -------------------- ------------------ --------------------- ----------------------
Contribution
margin 52 % 9 % 43 % -14 %
-------------- -------------------- ------------------ --------------------- ----------------------
We define contribution profit (loss) as our gross profit plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing).
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Contact:
Akarshit Gulati: akarshitg@avianwe.com
Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com
View original content:https://www.prnewswire.com/news-releases/zoomcar-reports-its-fiscal-third-quarter-financial-2024-results-302377136.html
SOURCE Zoomcar
(END) Dow Jones Newswires
February 14, 2025 09:53 ET (14:53 GMT)
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