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Roadzen Inc

Roadzen Inc (RDZN)

1.82
-0.22
(-10.78%)
Closed July 21 4:00PM
1.92
0.10
(5.49%)
After Hours: 7:57PM

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Key stats and details

Current Price
1.92
Bid
1.84
Ask
2.20
Volume
176,454
1.81 Day's Range 2.07
1.55 52 Week Range 12.50
Market Cap
Previous Close
2.04
Open
2.07
Last Trade
5
@
1.94
Last Trade Time
Financial Volume
$ 336,679
VWAP
1.908
Average Volume (3m)
2,249,508
Shares Outstanding
68,440,829
Dividend Yield
-
PE Ratio
-1.24
Earnings Per Share (EPS)
-1.46
Revenue
46.72M
Net Profit
-99.67M

About Roadzen Inc

Vahanna Tech Edge Acquisition I Corp. does not have significant business. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Vahanna Tech Edge Acquisition I Corp. was incorporated in 2021 and ... Vahanna Tech Edge Acquisition I Corp. does not have significant business. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Vahanna Tech Edge Acquisition I Corp. was incorporated in 2021 and is based in New York, New York. Show more

Sector
Ins Agents,brokers & Service
Industry
Blank Checks
Headquarters
Road Town, Tortola, Vgb
Founded
2023
Roadzen Inc is listed in the Ins Agents,brokers & Service sector of the NASDAQ with ticker RDZN. The last closing price for Roadzen was $2.04. Over the last year, Roadzen shares have traded in a share price range of $ 1.55 to $ 12.50.

Roadzen currently has 68,440,829 shares outstanding. The market capitalization of Roadzen is $139.62 million. Roadzen has a price to earnings ratio (PE ratio) of -1.24.

RDZN Latest News

Roadzen CEO and Chairman Agree to Exchange $3.5 Million of Short-Term Debt for Equity in the Company

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that the...

Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company

Full year revenue of $46.7 million, up from $13.5 million in the prior year, a 245% increase.Net loss of $99.7 million is impacted by non-cash, non-recurring and extraordinary items, resulting in...

Roadzen’s xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing

NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that it...

Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue

NEW YORK, June 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced a...

Roadzen to Participate on the InsurTech Panel at the Jefferies Global FinTech Conference on June 12, 2024

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it...

Roadzen Set to Join Russell 2000® and Russell 3000® Indexes

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that the...

Roadzen to Participate in Fireside Chat at the Maxim Group TMT Conference on June 4, 2024

NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it...

Dalmia Transport Selects Roadzen's DrivebuddyAI to Enhance Fleet Safety with Advanced Computer Vision

NEW YORK, April 29, 2024 (GLOBE NEWSWIRE) --  Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.19-9.004739336492.112.421.812364692.2356214CS
4-0.23-10.69767441862.153.281.5569305512.84024231CS
12-3.07-61.52304609224.9951.5522495082.84496382CS
26-2.27-54.17661097854.197.171.5510235452.86789185CS
52-10.58-84.6412.512.51.556320172.92517206CS
156-10.58-84.6412.512.51.556320172.92517206CS
260-10.58-84.6412.512.51.556320172.92517206CS

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RDZN Discussion

View Posts
in99flyers in99flyers 2 weeks ago
Outlook for future. Does anyone have any insight into this company? Or is it a scam? Wondering all of your thoughts.
👍️0
glenn1919 glenn1919 3 weeks ago
RDZN...........................................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
Invest-in-America Invest-in-America 3 weeks ago
RDZN: I did NICELY on both the Parent Firm's stock here, as well as its Warrants --- much, much, earlier today, Admiral P-B!!
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powerbattles powerbattles 3 weeks ago
Congrats it pops even higher lol.
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Dantheoneman Dantheoneman 3 weeks ago
OPTT on the Move!
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Invest-in-America Invest-in-America 3 weeks ago
RDZN & W: Out on both the Parent Firm & its Warrants for NICE frickin' PROFITS!!!

And BEST of luck to all who still ride with this!!! (I MAY be back in again, at the Wall Street 'WITCHING HOUR'!!)
👍️0
Invest-in-America Invest-in-America 3 weeks ago
RDZN & W: Out on both the Parent Firm & its Warrants for NICE frickin' PROFITS!!!

And BEST of luck to all who still ride with this!!! (I MAY be back in again, at the Wall Street 'WITCHING HOUR'!!)
👍️0
Invest-in-America Invest-in-America 3 weeks ago
RDZN: Let's kick-that-'ASK'!!!!!! (GLAD I grabbed this Puppy!!! So far, that is.)

TOO MANY GOD-DAMNED CHOICES!!!
👍️0
tw0122 tw0122 3 weeks ago
Revenue reached $46.7 million, an increase of 245% over the prior year, due to the incremental revenue from U.S. and U.K. acquisitions, as well as continuing growth in India.
Revenue from brokerage solutions accounted for 65% of our revenue, increasing $21.3 million, or 232% over the prior year, while IaaS revenue accounted for the remaining 35% of revenue, increasing $11.8 million, or 270% over the prior year.
Gross margin continued to show improvement, with a slight increase over the prior year to 61.2% up from 60.1%.
As of March 31, 2024, we had 33 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), compared to 26 in the prior year; 68 automotive customer agreements in fiscal 2024 compared to 23 in the prior year; and approximately 3,200 agents and fleet customer agreements in fiscal 2024 compared to approximately 2,000 in the prior year.
In the brokerage segment: 324,293 policies were sold during fiscal 2024 adding up to $61.8 million of Gross Written Premium (“GWP”), compared to 258,546 policies sold in the prior year for $38.0 million of GWP, a 25.5% and 62.6% increase respectively.
For the IaaS segment: 301,120 claims and vehicle inspections were conducted during the fiscal year compared to 220,781 the prior year, representing a 36.4% increase.
Expenses and Net Results

Operating expenses excluding Depreciation and Amortization totaled $104.1 million, an increase of $86.0 million compared to the prior year. This includes $61.2 million of non-cash expenses, comprised of $56.3 million of equity compensation expense related to RSUs granted to employees on September 18, 2023, and $4.9 million in provisions for doubtful accounts that include $2.8 million related to the issuance of preferred stock prior to the Business Combination (as defined in our SEC filings) and $2.1 million in advances made to de-consolidated subsidiaries.
Other expenses totaled $22.2 million, an increase of $19.5 million over the prior year, driven by $19.5 million of non-cash expense related to fair market valuation adjustments of financial instruments, including the Forward Purchase Agreement (“FPA”) and warrants.
In total, net loss for the fiscal year includes $89.4 million of non-cash, non-recurring and other extraordinary items that, when removed, result in an Adjusted EBITDA loss of $10.4 million compared to $9.9 million loss in the prior year. Adjusted EBITDA margin was -22.3% in fiscal 2024 compared to -73.1% in the prior year.
Balance Sheet

Cash on hand as of March 31, 2024 was $11.2 million compared to $0.6 million on March 31, 2023.
Current Assets were $49.8 million, primarily due to the $28.8 million FPA prepayment balance.
Current Liabilities totaled $65.7 million, including $17.4 million in Accounts Payable assumed by Roadzen in connection with the Business Combination, and $13.1 million for Mizuho Securities USA LLC (“Mizuho”) that includes short-term borrowings of $7.5 million and a $5.6 million fair valuation of warrants granted as part of the Mizuho debt agreement.
Long-Term Liabilities totaled $3.0 million, primarily made up of various debt instruments issued by the Company.
Russell Indexes

June 28, 2024 – Roadzen was added to the Russell Indexes, including the Russell 2000®, Russell 3000®, and Russell Microcap®, which will drive awareness from institutional shareholders and improve visibility as a publicly-listed company.
About Roadzen Inc.
Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 380+ employees across its global offices in the U.S., India, U.K. and France. To learn more, please visit www.roadzen.ai.
👍️0
Invest-in-America Invest-in-America 3 weeks ago
RDZN: Whoops, you're a veritable Nostradamus of Wall Street, Dude!!! (But don't forget, Bro, RDZN is now at its 82-Week HIGH!!!)
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Monksdream Monksdream 3 weeks ago
Whoops, I did it, again
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glenn1919 glenn1919 4 weeks ago
RDZN..........................................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
Monksdream Monksdream 4 weeks ago
Whoops, I did it, again
👍️0

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