Suncar Technology Group Inc. (SDA)
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SunCar Technology Reports First Quarter 2025 Results
NEW YORK , May 19, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported first quarter 2025 financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Revenue for first quarter 2025 increased 20% to $102.6 million, compared to $85.6 million in first quarter 2024.
SunCar Technology Group Inc. (SDA) Q4 2024 Earnings Call Transcript
SunCar Technology Group Inc. (NASDAQ:SDA ) Q4 2024 Earnings Conference Call April 29, 2024 8:00 AM ET Company Participants Jennifer Jiang - IR Director Zaichang Ye - Chairman, CEO Breaux Walker - Chief Strategy Officer Operator Greetings, and welcome to SunCar Technologies Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen only mode.
SunCar Technology Reports 2024 Annual Results
NEW YORK , April 28, 2025 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ: SDA), an innovative leader in cloud-based, software-focused B2B auto eInsurance and auto services in China, today reported annual financial results for the year ended December 31, 2024. Recent & Full Year 2024 Highlights Revenue for 2024 increased 21% to $441.9 million, compared to $363.7 million in 2023 Adjusted EBITDA for 2024 increased 492% to $9.8 million, compared to $1.6 million in 2023 Expanded collaboration with Tesla to 48 cities from an initial 6 at the start of the year Initiated an innovative partnership with Xiaomi to offer customized insurance products Secured a two-year agreement with SAIC Maxus, a leading commercial vehicle manufacturer, to enhance eInsurance management across its dealership network Increased our collaboration with auto dealers, initially with Chang'an Deepal.
Suncar Technology Group Inc. Dividends
Suncar Technology Group Inc. Earnings
| 20 May 2025 Date | | - Cons. EPS | - EPS |
| 20 May 2025 Date | | - Cons. EPS | - EPS |
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Suncar Technology Group Inc. Profile
| Auto - Dealerships Industry | Consumer Cyclical Sector | Mr. Zaichang Ye CEO | NASDAQ (CM) Exchange | KYG857271087 ISIN |
| CN Country | 560 Employees | - Last Dividend | - Last Split | 17 May 2023 IPO Date |
Overview
SunCar Technology Group Inc. is a comprehensive enterprise that specializes in digitalized automotive after-sales service and online insurance intermediation services within the People's Republic of China. The company operates across three primary segments: Insurance Intermediation Business, Automotive After-Sales Business, and Technology Business. With a strategic base in Shanghai, China, SunCar has cultivated a broad spectrum of services tailored to meet the diverse needs of banking and insurance companies, among other customer bases. The organization focuses on leveraging technological advancements to redefine the automotive after-sales and insurance sectors, emphasizing customer-centric solutions.
Products and Services
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Insurance Intermediation Services
SunCar Technology Group Inc. offers intermediary services that facilitate the acquisition of automobile insurance for consumers. This segment notably includes statutory automobile liability insurance required by law and a range of commercial automobile insurance products. Through partnerships with major insurance providers, SunCar ensures a comprehensive offering that covers various risks and liabilities associated with vehicle ownership and usage.
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Automotive After-Sales Services
The company delivers a suite of customized after-sales services targeting a wide array of client types, including banking and insurance institutions. These services are designed to enhance the overall customer experience post-purchase, ensuring vehicle owners receive optimal support, maintenance, and service throughout their ownership lifecycle.
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Technical Services and SaaS Products
In its commitment to digitalization and technological innovation, SunCar provides a selection of Software as a Service (SaaS) products aimed at auto insurance. These offerings include platforms and tools that streamline the operation of selling, managing, and integrating insurance products into the broader ecosystem of automotive services. This technological edge empowers SunCar to offer not only tailored insurance solutions but also efficiency and added value to the insurance and automotive industries.
Contact Information
