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Roadzen Inc

Roadzen Inc (RDZN)

1.06
0.09
(9.28%)
At close: March 11 3:00PM
1.01
-0.05
( -4.72% )
After Hours: 3:57PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
1.01
Bid
1.04
Ask
1.06
Volume
149,737
0.98 Day's Range 1.105
0.71 52 Week Range 6.99
Market Cap
Previous Close
0.97
Open
0.98
Last Trade
1
@
1.06
Last Trade Time
15:57:41
Financial Volume
US$ 156,451
VWAP
1.0448
Average Volume (3m)
457,712
Shares Outstanding
74,190,986
Dividend Yield
-
PE Ratio
-0.79
Earnings Per Share (EPS)
-1.34
Revenue
46.72M
Net Profit
-99.67M

About Roadzen Inc

Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance with advanced AI. Trusted by thousands of clients-including leading insurers, automakers, fleets, dealerships, and insurance agents-Roadzen's platform powers insurance sales, accelerates claims processing, and enh... Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance with advanced AI. Trusted by thousands of clients-including leading insurers, automakers, fleets, dealerships, and insurance agents-Roadzen's platform powers insurance sales, accelerates claims processing, and enhances road safety. Recognized as a top AI innovator by Forbes, Fortune, and Financial Express, Roadzen is advancing AI research at the intersection of insurance and mobility, with a strong focus on computer vision and generative AI. With a mission to prevent accidents, enable fairer premiums, and deliver near-instant claims processing, Roadzen is reshaping the future of mobility and insurance. Headquartered in Burlingame, California, the company employs 360+ people across offices in the US, India, UK, and France. Learn more at www.roadzen.ai. 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 US$0.97. Over the last year, Roadzen shares have traded in a share price range of US$ 0.71 to US$ 6.99.

Roadzen currently has 74,190,986 shares outstanding. The market capitalization of Roadzen is US$71.97 million. Roadzen has a price to earnings ratio (PE ratio) of -0.79.

RDZN Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.13-11.40350877191.141.210.971227111.06532949CS
4-0.19-15.83333333331.21.570.95311884591.17742414CS
12-0.19-15.83333333331.22.990.95314577121.91452556CS
26-0.46-31.29251700681.472.990.713435821.78597034CS
52-5.3-83.99366085586.316.990.717015722.56366115CS
156-11.49-91.9212.512.50.714875422.62044664CS
260-11.49-91.9212.512.50.714875422.62044664CS

RDZN - Frequently Asked Questions (FAQ)

What is the current Roadzen share price?
The current share price of Roadzen is US$ 1.01
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 71.97M
What is the 1 year trading range for Roadzen share price?
Roadzen has traded in the range of US$ 0.71 to US$ 6.99 during the past year
What is the PE ratio of Roadzen?
The price to earnings ratio of Roadzen is -0.79
What is the cash to sales ratio of Roadzen?
The cash to sales ratio of Roadzen is 1.68
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 1 month ago
RDZN.....................................https://stockcharts.com/h-sc/ui?s=VDRM&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
glenn1919 glenn1919 2 months ago
RDZN........................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
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glenn1919 glenn1919 3 months ago
RDZN..........................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
glenn1919 glenn1919 3 months ago
rdzn...................https://stockcharts.com/h-sc/ui?s=rdzn&p=W&b=5&g=0&id=p86431144783
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glenn1919 glenn1919 3 months ago
rdzn................................https://stockcharts.com/h-sc/ui?s=rdzn&p=W&b=5&g=0&id=p86431144783
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Invest-in-America Invest-in-America 3 months ago
RDZN: What-the-FLUCK!!! (See my response just now, below, when you popped THIS one in my face, Colonel Glenn!!!)

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glenn1919 glenn1919 3 months ago
RDZN....................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
Tiger Money Tiger Money 7 months ago
Great question! I have the same. I see this going back to $5 area in the short term though
👍️ 1
glenn1919 glenn1919 7 months ago
RDZN.................................https://stockcharts.com/h-sc/ui?s=RDZM&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
in99flyers in99flyers 8 months ago
Outlook for future. Does anyone have any insight into this company? Or is it a scam? Wondering all of your thoughts.
๐Ÿ‘๏ธ0
glenn1919 glenn1919 8 months ago
RDZN...........................................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
Invest-in-America Invest-in-America 8 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!!
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powerbattles powerbattles 8 months ago
Congrats it pops even higher lol.
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Dantheoneman Dantheoneman 8 months ago
OPTT on the Move!
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Invest-in-America Invest-in-America 8 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'!!)
๐Ÿ‘๏ธ0
Invest-in-America Invest-in-America 8 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'!!)
๐Ÿ‘๏ธ0
Invest-in-America Invest-in-America 8 months ago
RDZN: Let's kick-that-'ASK'!!!!!! (GLAD I grabbed this Puppy!!! So far, that is.)

TOO MANY GOD-DAMNED CHOICES!!!
๐Ÿ‘๏ธ0
tw0122 tw0122 8 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 (โ€œGWPโ€), 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 (โ€œFPAโ€) 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 (โ€œMizuhoโ€) 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 โ€“ 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 worldโ€™s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzenโ€™s technology to build new products, sell insurance, process claims, and improve road safety. Roadzenโ€™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. Roadzenโ€™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 8 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 8 months ago
Whoops, I did it, again
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glenn1919 glenn1919 9 months ago
RDZN..........................................https://stockcharts.com/h-sc/ui?s=RDZN&p=W&b=5&g=0&id=p86431144783
๐Ÿ‘๏ธ0
Monksdream Monksdream 9 months ago
Whoops, I did it, again
๐Ÿ‘๏ธ0

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