Roadzen, Inc. (RDZN)
| Market Cap | 201.90M |
| Revenue (ttm) | 46.72M |
| Net Income (ttm) | -99.67M |
| Shares Out | 68.44M |
| EPS (ttm) | -2.26 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 106,900,483 |
| Open | 2.390 |
| Previous Close | 1.620 |
| Day's Range | 2.100 - 3.310 |
| 52-Week Range | 1.550 - 17.000 |
| Beta | 0.66 |
| Analysts | Strong Buy |
| Price Target | 10.00 (+238.98%) |
| Earnings Date | Aug 25, 2024 |
About RDZN
Roadzen Inc. operates as an insurance technology company. It focuses on transforming auto insurance using advanced artificial intelligence (AI). The company's clients use its technology to build new products, sell insurance, process claims, and improve road safety. Its solutions suite include products that support the insurance lifecycle comprising Via, xClaim, StrandD, and Good Driving. The company also offers insurance broker services. It serves insurers, carmakers and fleets, small and medium fleets, dealerships, and insurance agents. Roadze... [Read more]
Financial Performance
In 2023, Roadzen's revenue was $46.72 million, an increase of 244.56% compared to the previous year's $13.56 million. Losses were -$99.67 million, 610.7% more than in 2022.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for RDZN stock is "Strong Buy" and the 12-month stock price forecast is $10.0.
News
Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company
NEW YORK, July 01, 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 its results fo...
Roadzen's xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing
Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management Oriental Insurance Company Limited (...
Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue
Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehi...
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 will p...
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 Compan...
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 will pa...
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 Dalmia ...
Roadzen CEO Rohan Malhotra Awarded 'Innovative Entrepreneur of the Year' at the Economic Times Summit
NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Rohan Malhotra, CEO of Roadzen Inc. (NASDAQ: RDZN), was honored with the ‘Innovative Entrepreneur of the Year' award at the prestigious 2024 Economic Times...
Roadzen Appoints Bruce Goldberg as General Counsel
Mr. Goldberg brings over thirty years of executive experience demonstrating Roadzen's strategic commitment to strengthen its leadership team Mr. Goldberg brings over thirty years of executive experien...
Roadzen Sets New Revenue Milestone for the Third Quarter Ended December 31, 2023
372% Year-Over-Year Increase Quarterly revenue of $15.64 million, a 372% increase year-over-year. Net loss of $30.57 million is impacted by non-cash, non-recurring and extraordinary items leading to a...
Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer
NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global pioneer in AI-driven insurance and mobility solutions, today announced the appointment of Jean-Noël Gallardo as its ne...
Roadzen Joins Hands with IBM, Meta, and Other Industry Leaders as a Founding Member of the AI Alliance to Advance Open, Safe, and Responsible AI
NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ: RDZN), a global leader in AI-driven auto insurance, today announced its role as a founding member of the AI Alliance, an international...
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Roadzen Partners with HCLTech to deliver AI-driven auto insurance solutions for US carriers and automotive customers
NEW YORK and NOIDA, India, Dec. 01, 2023 (GLOBE NEWSWIRE) -- HCLTech, a global technology company, and Roadzen, a leading AI-driven auto insurance technology company, announced a collaboration to harn...
Roadzen Reports Record Revenue for the Second Fiscal Quarter 2024
Revenue Increasing 493% Year-Over-Year to $15.4 Million Key Highlights: Roadzen's revenue for the quarter ended September 30, 2023 experienced a substantial increase of $12.8 million over the same qua...
Roadzen, Inc. Bolsters U.S. Presence with Completion of National Automobile Club Acquisition
NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) -- Roadzen, Inc. (“Roadzen” or the “Company”), a global insurance technology company, today announced completion of its acquisition of National Automobile Club...
Insurance-tech firm Roadzen to go public via $965 mln SPAC deal
Insurance tech firm Roadzen Inc has agreed to go public in the United States with a blank-check vehicle in a deal valued at about $965 million, the companies said on Monday.
Roadzen, Inc., a Leading Global Insurance Technology Company, Announces Plans to Become a Publicly Traded Company via Merger with Vahanna Tech Edge Acquisition I Corp.
NEW YORK--(BUSINESS WIRE)--Roadzen, Inc. (“Roadzen”), a global insurance technology company, and Vahanna Tech Edge Acquisition I Corp. (“Vahanna”) (Nasdaq: VHNA), a special purpose acquisition company...