Roadzen (NASDAQ: RDZN) is a leading insurance technology company on a mission to transform global auto insurance powered by AI. Thousands of clients - from some of the world’s leading insurers, fleets and carmakers to small fleets, brokers and insurance agents - use Roadzen’s technology to build new products, sell insurance, process claims and improve road safety. Roadzen’s pioneering work in telematics and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune and Financial Express. Roadzen has 400 employees across its global offices in the US, India, UK and France. To learn more, please visit www.roadzen.io.
Company profile
Ticker
RDZN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Vahanna Tech Edge Acquisition I Corp.
SEC CIK
Corporate docs
IRS number
981600102
RDZN stock data
Latest filings (excl ownership)
S-1
IPO registration
15 Apr 24
10-Q
2024 Q3
Quarterly report
12 Feb 24
8-K
Results of Operations and Financial Condition
12 Feb 24
8-K
Entry into a Material Definitive Agreement
5 Feb 24
8-K
Entry into a Material Definitive Agreement
24 Jan 24
8-K
Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer
8 Jan 24
10-Q
2024 Q2
Quarterly report
13 Nov 23
8-K
Roadzen Reports Record Revenue for the Second Fiscal Quarter 2024
13 Nov 23
8-K
Entry into a Material Definitive Agreement
26 Sep 23
25-NSE
Exchange delisting
20 Sep 23
Latest ownership filings
3
Jean-Noel Gallardo
27 Feb 24
SC 13G
EVP I LP
22 Feb 24
SC 13G
METEORA CAPITAL, LLC
14 Feb 24
SC 13G/A
Sculptor Capital LP
14 Feb 24
SC 13G
CALAMOS INVESTMENT TRUST/IL
14 Feb 24
SC 13G/A
BANK OF NOVA SCOTIA
13 Feb 24
SC 13G/A
Saba Capital Management, L.P.
9 Feb 24
SC 13G
WI Harper Fund VIII LP
7 Feb 24
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
7 Feb 24
4
Supurna VedBrat
23 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.00 mm | 9.00 mm | 9.00 mm | 9.00 mm | 9.00 mm | 9.00 mm |
Cash burn (monthly) | (no burn) | (no burn) | 10.37 mm | 3.05 mm | 10.39 mm | 2.97 mm |
Cash used (since last report) | n/a | n/a | 69.37 mm | 20.40 mm | 69.48 mm | 19.89 mm |
Cash remaining | n/a | n/a | -60.37 mm | -11.40 mm | -60.48 mm | -10.90 mm |
Runway (months of cash) | n/a | n/a | -5.8 | -3.7 | -5.8 | -3.7 |
Institutional ownership, Q3 2023
15.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 63 |
Increased positions | 2 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 62.43 mm |
Total shares | 10.34 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vahanna | 4.85 mm | $0.00 |
Meteora Capital | 4.26 mm | $49.20 mm |
Sculptor Capital | 1.23 mm | $13.23 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
19 Jan 24 | Supurna VedBrat | 13% Convertible Debentures Ordinary Shares | Buy | Acquire P | No | No | 1 | 500,000 | 500.00 k | 500,000 |
13 Dec 23 | Shah Ajay | Ordinary Shares | Buy | Acquire P | Yes | No | 3.1 | 10,000 | 31.00 k | 487,399 |
12 Dec 23 | Shah Ajay | Ordinary Shares | Buy | Acquire P | Yes | No | 3.08 | 5,000 | 15.40 k | 477,399 |
11 Dec 23 | Supurna VedBrat | Ordinary Shares | Buy | Acquire P | No | No | 2.91 | 2,000 | 5.82 k | 8,250 |
11 Dec 23 | Supurna VedBrat | Warrants Ordinary Shares | Buy | Acquire P | No | No | 0.05 | 5,000 | 250.00 | 5,750 |
8 Dec 23 | Supurna VedBrat | Ordinary Shares | Buy | Acquire P | No | No | 3.11 | 3,100 | 9.64 k | 6,250 |
8 Dec 23 | Supurna VedBrat | Warrants Ordinary Shares | Buy | Acquire P | No | No | 0.06 | 750 | 45.00 | 750 |
7 Dec 23 | Supurna VedBrat | Ordinary Shares | Buy | Acquire P | No | No | 3.2 | 3,150 | 10.08 k | 3,150 |
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