Roadzen soars after record annual revenue growth

Roadzen

02/07/2024 13:50

** Shares of insurance technology company Roadzen  RDZN.O 
jump 50.6% to $2.44 premarket
    ** RDZN on Monday posted annual revenue of $46.70 mln, more
than a three-fold jump compared with prior year, helped by
acquisitions in U.S. and UK as well as growth in India
    ** Meanwhile, RDZN's annual net loss widened to $2.26/shr
from 86 cents/shr in prior year
    ** Burlingame, California-based RDZN helps insurers and car
makers to sell insurance and process claims
    ** As of last close, RDZN shares are down 68.2% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))