Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 321

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 321
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 change
in the fair value of Atalaya note amounting to $0.73 million recorded during the nine months ended December 31, 2024 as compared to the
same being cost to the company during the nine months ended December 31, 2023.

Non-GAAP Financial Measures

In addition to our results
determined in accordance with GAAP, we believe the following non-GAAP financial measures help us to evaluate our business, identify trends
affecting our business, formulate business plans, and make strategic decisions. We use the following non-GAAP financial measures, collectively,
to evaluate our ongoing operations and for internal planning and forecasting purposes.

We believe that these non-GAAP
financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past
financial performance and assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement
their GAAP results. The non-GAAP financial measures are presented for supplemental informational purposes only, should not be considered
as a substitute for financial information presented in accordance with GAAP, and may be different from similarly titled non-GAAP financial
measures used by other companies. Because of these limitations, we consider, and you should consider, our non-GAAP financial measures
alongside other financial performance measures presented in accordance with GAAP. A reconciliation of each non-GAAP financial measure
to the most directly comparable financial measure stated in accordance with GAAP is provided below. Investors are encouraged to review
the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP
financial measures. 

The following table summarizes our non-GAAP financial measures, along
with the most directly comparable GAAP measure, for each period presented below.

    Three months ended December 31,  
    Nine months ended December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Gross profit/(loss) 
    $950,086  
    $328,381  
    $2,712,257  
    $(724,461)
  
    Gross margin 
     39% 
     14% 
     39% 
     -9%
  
    Contribution profit/(loss) 
     1,283,994  
     208,873  
     2,950,921  
     (1,080,