Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 902

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 902
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 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 industry
and, therefore, comparability may be limited. In addition, other companies may not publish these or other similar metrics. Further, our
definition of contribution profit (loss) does not include the impact of certain expenses that are reflected in our unaudited condensed
consolidated statements of operations. Thus, our contribution profit (loss) should be considered in addition to, not as a substitute for
or in isolation from, gross profit (loss) prepared in accordance with GAAP.

64

The following tables present reconciliations of gross profit/(loss)
to contribution profit/(loss) and gross margin to contribution margin for each of the periods indicated:

Contribution Profit/(Loss)  

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

    2024  
    2023  
    2024  
    2023 
  
    Net revenue 
    $2,449,368  
    $2,421,438  
    $6,937,250  
    $7,717,064 
  
    Cost of revenue 
     1,499,282  
     2,093,057  
     4,224,993  
     8,441,525 
  
    Gross Profit/(loss) 
     950,086  
     328,381  
     2,712,257  
     (724,461)
  
    Add: Depreciation and amortization in COR 
     73,683  
     205,260  
     222,862  
     624,630 
  
    Add: Stock-based compensation in COR 
     -  
     51,848  
     -  
     134,883 
  
    Add: Overhead costs in COR  (rent, software support