Uxin press release (NASDAQ:UXIN): Q2 Non-GAAP EPS of $0.00.
Revenue of $70.85M, an increase of 39.6% from the same period last year.
Non-GAAP adjusted EBITDA was a loss $1.3 million.
Transaction volume was 7,046 units for the three months ended September 30, 2024, an increase of 25.7% from 5,605 units in the last quarter and an increase of 81.4% from 3,884 units in the same period last year.
Retail transaction volume was 6,005 units, an increase of 46.8% from 4,090 units in the last quarter and an increase of 162.6% from 2,287 units in the same period last year.
On November 22, 2024, the company's board has approved a change in the Company's fiscal year-end from March 31 to December 31.
"Looking ahead, we are on track to achieve our first positive quarterly EBITDA in the upcoming quarter, a significant milestone in our financial performance. With these strong results, the company is now firmly positioned for sustainable, long-term growth," said Feng Lin, Chief Financial Officer.
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