Zoomcar Holdings, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $679.7K
- Price
- $0.09504
- % Change (Daily % change from the live per-ticker quote feed.)
- +23.43%
- Volume
- 71.3K
About
Zoomcar Holdings, Inc. manages a digital marketplace facilitating vehicle sharing across India, Indonesia, and Egypt. This platform connects car owners with individuals seeking temporary vehicle access, offering a wide array of choices at competitive rates to encourage intelligent mobility solutions. The company, established in 2013, is headquartered in Bronxville, New York.
Quick stats
Shares outstanding7.2M
Computed float5.0M
Float / shares70.1%
Key info
SectorIndustrials
IndustryRental & Leasing Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001854275
Websitehttps://www.zoomcar.com
AI Summary
AI-generated1/14
standardbullishoperations update
Zoomcar Closes Two-Thirds of the Distance to Adjusted EBITDA Breakeven in Four Quarters as Contribution Profit Now Funds 73% of Its Operating Cost Base
Zoomcar delivered significant operational improvements in the fiscal first quarter, with contribution profit rising 45% to $1.65 million and contribution margin expanding 2,100 basis points to 70% of net revenue.
Operating costs fell 21% to $2.26 million while contribution profit per booking increased 72% to $18.75, helping narrow Adjusted EBITDA loss by 65% to $0.61 million.
The company has raised $1.8 million in bridge financing and is exploring a potential uplisting to a premier U.S. national securities exchange as it approaches profitability.
Red flags
- company remains unprofitable with $0.61M Adjusted EBITDA loss
- bookings declined 16% to 88,160
- company currently raising bridge financing
- trading on OTCQB, not a major exchange
- ongoing debt restructuring efforts