Ideanomics Inc (OQ:IDEX)
Business Focus: Electrical (Alternative) Vehicles
| Sector: Consumer Cyclicals | Industry: Auto & Truck Manufacturers |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1441 BROADWAY, 5TH FLOOR, SUITE#5116 NEW YORK NY 10018 |
| Tel: | 1-212-2061216 |
| Website: | https://ideanomics.com |
| IR: | See website |
| Key People | ||
| Shane B. Mcmahon Executive Chairman of the Board | Alfred P. Poor Chief Executive Officer, Director | Ryan M Jenkins Chief Financial Officer |
| Robin Mackie Chief Operating Officer | Antony Sklar Senior Vice President of Investor Relations | Paula Whitten-Doolin General Counsel | Macy Neshati Chief Commercial Officer |
| Business Overview |
| 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 Mobility's business unit focuses on electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. Ideanomics Energy's business unit focuses on charging and energy-related products and services. Ideanomics Capital's business unit focuses on providing financing support for the Company's 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. |
| Financial Overview |
| For the nine months ended 30 September 2023, Ideanomics Inc revenues decreased 27% to $14.5M. Net loss before extraordinary items increased 80% to $162.3M. Revenues reflect Electric Vehicles ('��EV'��) segment decrease of 82% to $3.9M, Title and escrow services segment decrease of 57% to $4.2M, Europe segment decrease of 46% to $4.5M. Higher net loss reflects Asset impairments increase from $700K to $142.4M (expense). |
| Employees: | 565 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $34.34M as of Sep 30, 2023 |
| Annual revenue (TTM): | $31.57M as of Sep 30, 2023 |
| EBITDA (TTM): | -$109.34M as of Sep 30, 2023 |
| Net annual income (TTM): | -$319.29M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$65.92M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $16.18M as of Sep 30, 2023 |
| Shares outstanding: | 11,996,553 as of Jan 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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