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Roadzen Inc

Roadzen Inc (RDZN)

1.07
0.0778
(7.84%)
Closed April 20 4:00PM
1.07
0.00
(0.00%)
After Hours: 4:24PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
1.07
Bid
1.05
Ask
1.08
Volume
166,250
1.00 Day's Range 1.14
0.71 52 Week Range 5.60
Market Cap
Previous Close
0.9922
Open
1.00
Last Trade
10
@
1.07
Last Trade Time
Financial Volume
$ 178,760
VWAP
1.0753
Average Volume (3m)
193,002
Shares Outstanding
74,190,986
Dividend Yield
-
PE Ratio
-0.80
Earnings Per Share (EPS)
-1.34
Revenue
46.72M
Net Profit
-99.67M

About Roadzen Inc

Roadzen Inc. (Roadzen) is a global technology company engaged in transforming auto insurance using advanced artificial intelligence (AI). The Company has built a technology platform that uses telematics, computer vision and data science to develop solutions across the insurance value chain, namely u... Roadzen Inc. (Roadzen) is a global technology company engaged in transforming auto insurance using advanced artificial intelligence (AI). The Company has built a technology platform that uses telematics, computer vision and data science to develop solutions across the insurance value chain, namely underwriting, distribution, claims, and road safety. Roadzen's Insurtech platform provides solutions in relation to insurance products, including distribution, pre-inspection assistance, telematics, claims submission and administration, and roadside assistance. Clients use Roadzen's technology to build new products, sell insurance, process claims and improve road safety. Its products include Via, xClaim, StrandD, Good Driving, DrivebuddyAI, Global Distribution Network (GDN), and others. Roadzen's clients include insurers, carmakers, and fleets to dealerships and auto insurance agents. Roadzen has operations in the United States, India, the United Kingdom, and France. 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 $0.99. Over the last year, Roadzen shares have traded in a share price range of $ 0.71 to $ 5.60.

Roadzen currently has 74,190,986 shares outstanding. The market capitalization of Roadzen is $73.61 million. Roadzen has a price to earnings ratio (PE ratio) of -0.80.

RDZN Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.13-10.83333333331.21.390.992052531.13621804CS
4-0.06-5.309734513271.131.390.882015161.14069244CS
12-0.68-38.85714285711.751.80.881930021.2058406CS
260.1820.22471910110.892.990.713625041.73881457CS
52-4.46-80.6509945755.535.60.717228932.51624757CS
156-11.43-91.4412.512.50.714700902.57750983CS
260-11.43-91.4412.512.50.714700902.57750983CS

RDZN - Frequently Asked Questions (FAQ)

What is the current Roadzen share price?
The current share price of Roadzen is $ 1.07
How many Roadzen shares are in issue?
Roadzen has 74,190,986 shares in issue
What is the market cap of Roadzen?
The market capitalisation of Roadzen is USD 73.61M
What is the 1 year trading range for Roadzen share price?
Roadzen has traded in the range of $ 0.71 to $ 5.60 during the past year
What is the PE ratio of Roadzen?
The price to earnings ratio of Roadzen is -0.8
What is the cash to sales ratio of Roadzen?
The cash to sales ratio of Roadzen is 1.7
What is the reporting currency for Roadzen?
Roadzen reports financial results in USD
What is the latest annual turnover for Roadzen?
The latest annual turnover of Roadzen is USD 46.72M
What is the latest annual profit for Roadzen?
The latest annual profit of Roadzen is USD -99.67M
What is the registered address of Roadzen?
The registered address for Roadzen is KINGSTON CHAMBERS, PO BOX173, ROAD TOWN, TORTOLA
What is the Roadzen website address?
The website address for Roadzen is www.vahannatech.com
Which industry sector does Roadzen operate in?
Roadzen operates in the BLANK CHECKS sector

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RDZN Discussion

View Posts
glenn1919 glenn1919 2 months ago
RDZN.....................................https://stockcharts.com/h-sc/ui?s=VDRM&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 3 months ago
RDZN........................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 4 months ago
RDZN..........................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 4 months ago
rdzn...................https://stockcharts.com/h-sc/ui?s=rdzn&p=W&b=5&g=0&id=p86431144783
👍️0
glenn1919 glenn1919 4 months 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 4 months ago
RDZN: What-the-FLUCK!!! (See my response just now, below, when you popped THIS one in my face, Colonel Glenn!!!)

👍️0
glenn1919 glenn1919 4 months ago
RDZN....................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
Tiger Money Tiger Money 8 months ago
Great question! I have the same. I see this going back to $5 area in the short term though
👍️ 1
glenn1919 glenn1919 8 months ago
RDZN.................................https://stockcharts.com/h-sc/ui?s=RDZM&p=W&b=5&g=0&id=p86431144783
👍️0
in99flyers in99flyers 9 months ago
Outlook for future. Does anyone have any insight into this company? Or is it a scam? Wondering all of your thoughts.
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glenn1919 glenn1919 10 months 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 10 months 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!!
👍️0
powerbattles powerbattles 10 months ago
Congrats it pops even higher lol.
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Dantheoneman Dantheoneman 10 months ago
OPTT on the Move!
👍️0
Invest-in-America Invest-in-America 10 months 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 10 months 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 10 months ago
RDZN: Let's kick-that-'ASK'!!!!!! (GLAD I grabbed this Puppy!!! So far, that is.)

TOO MANY GOD-DAMNED CHOICES!!!
👍️0
tw0122 tw0122 10 months 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.
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Invest-in-America Invest-in-America 10 months 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 10 months ago
Whoops, I did it, again
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glenn1919 glenn1919 10 months ago
RDZN..........................................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
👍️0
Monksdream Monksdream 10 months ago
Whoops, I did it, again
👍️0