Ideanomics, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 21, 2023 at 04:04 pm EST
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Ideanomics, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 0.665 million compared to USD 8.22 million a year ago. Net loss was USD 63.01 million compared to USD 37.41 million a year ago. Basic loss per share from continuing operations was USD 5.19 compared to USD 8.07 a year ago. Basic loss per share was USD 5.39 compared to USD 9.47 a year ago.
For the nine months, revenue was USD 11.64 million compared to USD 18.94 million a year ago. Net loss was USD 182.82 million compared to USD 103.69 million a year ago. Basic loss per share from continuing operations was USD 17.07 compared to USD 21.02 a year ago. Basic loss per share was USD 19.68 compared to USD 26.11 a year ago.
Ideanomics, Inc. (Ideanomics) is focused on facilitating the adoption of commercial electric vehicles (EVs). The Company conducts its operations globally in one segment with three business units, including Ideanomics Mobility, Ideanomics Energy, and Ideanomics Capital. Ideanomics Mobilityâs business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energyâs business unit focuses on charging and energy-related products and services. Ideanomics Capitalâs business unit focuses on providing financing support for the Companyâs Mobility and Energy business units. Through its subsidiaries, VIA Motors International, Inc. and Wireless Advanced Vehicle Electrification, Inc., the Company offers an integrated EV and charging solution for commercial fleets. Its principal facilities include properties in North America, Europe and Asia for manufacturing and assembly, warehousing, engineering, retail and service locations.
IDEANOMICS, INC. 
