Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 124

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 124
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 We recorded a contribution profit of $1.28 million during the three months ended December 31, 2024, as compared to $0.21 million during the three months ended December 31, 2023. Our gross profit improved to $0.95 million during the three months ended December 31, 2024, versus a gross profit of $0.33 million during the three months ended December 31, 2023, which was driven by significant reductions in cost of revenue due to the overall improvements in Companywide operational efficiencies accomplished over the past few quarters. In addition, host incentives and marketing costs (excl. brand marketing) were significantly reduced to $0.03 million during the three months ended December 31, 2024, versus $0.63 million during the same period in 2023, which further contributed to the Company achieving higher contribution profit as compared to contribution profit in the previous comparable period. We recorded a contribution profit of $2.95 million during the nine months ended December 31, 2024, versus a contribution loss of $1.08 million during the nine months ended December 31, 2023. Our gross profit improved to $2.71 million during the nine months ended December 31, 2024, versus a gross loss of $0.72 million during the nine months ended December 31, 2023, which was driven by significant reductions in cost of revenue due to the overall improvements in Companywide operational efficiencies accomplished over the past few quarters. In addition, host incentives and marketing costs (excl. brand marketing) were significantly reduced to $0.62 million during the nine months ended December 31, 2024, versus $2.10 million during the same period in 2023, which further contributed to the Company achieving contribution profit as compared to contribution loss in the previous comparable period. 69 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 unaudited condensed consolidated statements of operations. Our definitions of contribution profit (loss) and contribution margin may differ from the definitions used by other companies in our