Company: SDAWW
Filing Date: 2025-05-21
Form Type: 6-K
Source: 0001213900-25-046449
Chunk: 42

Company: SunCar Technology Group Inc.
Filing Date: 2025-05-21
Form: 6-K
Chunk 42
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 1,340 |   |     |   | -27 | % |
| Other comprehensive loss                |     |                            |         |   |     |      |          |   |     |        |         |   |     |   |     |   |
| Foreign currency translation difference |     |                            |    (845 | ) |     |      |   (1,203 | ) |     |        |    (358 | ) |     |   |  42 | % |
| Total comprehensive loss                |     | $                          |  (5,832 | ) |     | $    |   (4,850 | ) |     | $      |     982 |   |     |   | -17 | % |

Our total revenue increased by 20% from US$85.6 million for the three months ended March 31, 2024 to US$102.6 million for the three months ended March 31, 2025. Auto eInsurance service.Auto eInsurance service revenue increased by 37% from US$33.5 million for the three months ended March 31, 2024 to US$45.9 million for three months ended March 31, 2025, which was driven by the increasing number of insurance policies sold for the three months ended March 31, 2025. We ranked first in terms of auto insurance premiums for EVs in China. EV sales have been increasing sharply in recent years, and thus, the revenue of our auto eInsurance business has been rising rapidly. Technology service.Technology service revenue increased by 41% from US$7.5 million for the three months ended March 31, 2024 to US$10.7 million for the three months ended March 31, 2025. With growing demands to efficiently manage their businesses, more enterprise customers are now paying for our online tools to streamline their business workflows, manage their customer relationships and automate orders processing. With the iterative upgrades of our technology, we are working on developing a SaaS model product offering and plan to gradually turn our enterprise customers into our technology service customers. Through the application of our Private Cloud Platform, our development process was simplified, and we can easily integrate various tools for software development, testing, operations and maintenance. This has strengthened our software platform and increased its business capacity to better serve the customers’ needs. 7 Auto service.Auto service revenue increased by 3% from US$44.6 million for the three months ended March