Company: SDAWW
Filing Date: 2025-02-04
Form Type: 6-K
Source: 0001213900-25-010076
Chunk: 35

Company: SunCar Technology Group Inc.
Filing Date: 2025-02-04
Form: 6-K
Chunk 35
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 service expenses are recognized in the period incurred. 5 Selling expenses. Selling expenses primarily consists of (i) salaries and employment benefits for employees who work in service line; (ii) promotional service fee; (iii) communication and travel expenses, and (iv) depreciation expenses related to sales. Depreciation expenses are calculated based on a straight-line basis over the estimated useful lives of the assets. General and administrative expenses.General and administrative expenses primarily consist of (i) staff costs, rental and depreciation expenses related to general and administrative personnel; (ii) share-based compensation expenses; and (iii) other corporate expenses. Research and development expenses.Research and development expenses primarily consist of payroll and employee benefits for research and development employees, rental expenses, utilities and other related expenses related to design, develop and maintain technological service platform to support its internal and external businesses, and share-based compensation expenses. Results of Operations Nine Months Ended September 30, 2024 compared with Nine Months Ended September 30, 2023 The following table sets forth a summary of unaudited condensed consolidated results of operations for the periods indicated. This information should be read together with unaudited condensed consolidated financial statements and related notes included elsewhere in this report. The operating results in any period are not necessarily indicative of the results that may be expected for any future period.

| Revenues                            |     | For the Nine Months Ended              
 September 30,                          
 2023                                   
 (In thousands, except for percentages) |          |   |     | 2024 |          |   |     | Change 
 Amount |          |   |     | % |      |   |
|:------------------------------------|:----|:---------------------------------------|---------:|:--|:----|:-----|---------:|:--|:----|:-------|---------:|:--|:----|:--|-----:|:--|
| Auto service                        |     | $                                      |  147,527 |   |     |      |  159,555 |   |     | $      |   12,028 |   |     |   |    8 | % |
| Auto eInsurance service             |     |                                        |   78,842 |   |     |      |  119,108 |   |     |        |   40,266 |   |     |   |   51 | % |
| Technology service                  |     |                                        |   24,094 |   |     |