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).
Logo - https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg
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)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.