Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 133

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 133
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 In addition, host incentives and marketing costs (excl. brand marketing) were reduced significantly to $2.73 million during the year ended March 31, 2024, versus $5.13 million during the year ended March 31, 2023, which further contributed to the reduction in contribution loss. 76 Contribution profit (loss) and contribution margin are non-GAAP financial measures with certain limitations regarding their usefulness; they should be considered as supplemental in nature and are not meant as substitutes for gross profit /(loss) and gross margin, which are measures prepared in accordance with GAAP. For purposes of calculating the non-GAAP financial measures, we utilize the GAAP financial measure of gross profit (loss), which is defined as revenue minus cost of revenue, each of which is presented in our consolidated statements of operations. Our definitions of contribution profit (loss) and contribution margin may differ from the definitions used by other companies in our industry and, therefore, comparability may be limited. In addition, other companies may not publish these or other similar metrics. Further, our definition of contribution profit (loss) does not include the impact of certain expenses that are reflected in our consolidated statements of operations. Thus, our contribution profit (loss) should be considered in addition to, not as a substitute for or in isolation from, gross profit (loss) prepared in accordance with GAAP. The following tables present reconciliations of gross loss to contribution loss and gross margin to contribution margin for each of the periods indicated: Contribution Loss

|                                                                                    |     | For the Years Ended 
 March 31,           |       2024 |    |     |   |        2023 |    |
|:-----------------------------------------------------------------------------------|:----|:--------------------|-----------:|:---|:----|:--|------------:|:---|
| Net revenue                                                                        |     | $                   |  9,897,233 |    |     | $ |   8,826,206 |    |
| Cost of revenue                                                                    |     | $                   | 10,331,595 |    |     | $ |  20,675,611 |    |
| Gross loss                                                                         |     | $                   |   (434,362 | )  |     | $ | (11,849,405 | )  |
| Gross margin %                                                                     |     |                     |      (4.39 | )% |     |   |      (134.3 | )% |
| Add: Depreciation and amort