Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 132

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 132
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:--------------------|------------:|:--|:----|:--|------------:|:--|
| Gross loss          |     | $                   |    (434,362 | ) |     | $ | (11,849,405 | ) |
| Gross margin        |     |                     |          -4 | % |     |   |        -134 | % |
| Contribution loss   |     |                     |    (979,154 | ) |     |   | (14,227,150 | ) |
| Contribution margin |     |                     |         -10 | % |     |   |        -161 | % |
| Net loss            |     |                     | (34,277,251 | ) |     |   | (62,032,076 | ) |
| Adjusted EBITDA     |     |                     | (17,845,538 | ) |     |   | (32,105,321 | ) |

Contribution Profit (Loss) and Contribution Margin We define contribution profit (loss) as our gross profit (loss) plus (a) depreciation expense included in cost of revenue, (b) stock-based compensation expense included in cost of revenue, (c) other general costs included in cost of revenue (rent, software support, insurance, travel); less (i) Host incentive payments and (ii) marketing and promotional expenses (excluding brand marketing). We use contribution profit (loss) and contribution margin as indicators of the economic impact of a new booking on our platform, as they capture the direct expenses attributable to a new booking on our platform and the cost required to generate revenue. While certain contribution profit (loss) adjustments may not be non-recurring, non-cash, non-operating, or unusual, contribution profit (loss) is a metric our management and board of directors find useful, and we believe investors may find useful, in understanding the costs most directly associated with our revenue-generating activities. We recorded a contribution loss of $0.98 million during the year ended March 31, 2024, versus a contribution loss of $14.23 million during the year ended March 31, 2023. Our gross loss improved to $0.43 million during the year ended March 31, 2024, versus a gross loss of $11.85 million during the year ended March 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.