2023-03-30 07:43:36 ET
- Ideanomics press release ( NASDAQ: IDEX ): FY GAAP EPS of -$0.51.
- Revenue of $100.94M (-11.5% Y/Y).
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"Last year was challenging for the entire EV industry. Despite the headwinds, Ideanomics generated approximately 70% more revenue from the sale of EVs and charging solutions compared to 2021, We achieved this by reducing costs, and through smart, targeted investments to increase production capacity, enhancing our sales and distribution channels, and strengthening our management team. This demonstrates that we are on the right track, and are ready to meet growing demand for our EV and charging solutions as the transition to zero-emission transportation accelerates," said Alf Poor, CEO of Ideanomics.
- Shares +0.5% PM.
For further details see:
Ideanomics GAAP EPS of -$0.51, revenue of $100.94M