Earnings Call Summary | SunCar Technology(SDA.US) Q4 2023 Earnings Conference
Earnings Call Summary | SunCar Technology(SDA.US) Q4 2023 Earnings Conference
The following is a summary of the SunCar Technology Group, Inc. (SDA) Q4 2023 Earnings Call Transcript:
以下是SunCar科技集团有限公司（SDA）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
SunCar reported total revenue of $364 million for fiscal year 2023, an increase of 29% from the previous year.
The Auto Service segment recorded a revenue of $215 million, marking an 8% increase from fiscal year 2022.
Significant growth was seen in the Auto e-Insurance sector with a revenue of $149 million, a 79% increase from 2022.
Net losses were decreased slightly from $18 million in 2022 to $12 million in 2023.
SunCar报告称，2023财年的总收入为3.64亿美元，比上年增长29％。
汽车服务板块的收入为2.15亿美元，比2022财年增长了8％。
汽车电子保险行业实现了显著增长，收入为1.49亿美元，比2022年增长了79％。
净亏损从2022年的1,800万美元略有下降至2023年的1200万美元。
Business Progress:
业务进展：
SunCar has expanded its Auto Service providers to over 47,000 across more than 350 Chinese cities.
Insurance sales partners have grown to over 64,000 as of December 2023.
The company has established ties with over 80 leading insurance companies, including the top 10 holding over 90% market share in auto insurance in China.
It has strategically expanded collaborations with electric vehicle manufacturers and managed to move its adjusted EBITDA to a positive value by the end of 2023.
SunCar已将其汽车服务提供商扩展到覆盖中国350多个城市的47,000多家。
截至2023年12月，保险销售合作伙伴已增长到超过64,000人。
该公司已与80多家领先的保险公司建立了合作关系，其中包括在中国汽车保险中占有90％以上市场份额的前10家。
它已战略性地扩大了与电动汽车制造商的合作，并设法在2023年底之前将其调整后的息税折旧摊销前利润提高到正值。
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