CENN - Cenntro Electric Group reports Q2 results

2023-08-14 16:58:12 ET

• Cenntro Electric Group press release ( NASDAQ: CENN ): Q2 Revenue of $4.2M.
• Net loss was approximately $14.1 million.
• Sales volume increased by 26% year over year and 82% sequentially quarter over quarter to 235 vehicles.
• Average selling price increased 11% year over year to approximately $18,600.
• Adjusted EBITDA for the quarter is a loss of $12.5 million compared to a loss of $12.2 million for Q2 2022.
• Entered collaboration agreement with EAVX, a JB Poindexter & Co Inc. Business Unit, to develop innovative and industry-leading All-Electric last mile and vocational work truck solutions.
• Shares +3.02% .

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