- Ideanomics recently reported $32.7 million in revenue and $10.8 million in gross profit for the three months ending March 31, 2021
- These Q1 2021 results represented a sharp increase compared to Q1 2020 results
- Ideanomics announced it has reached a definitive agreement to purchase 100% of US Hybrid
- The acquisition is set to bring synergistic benefits to both US Hybrid and Ideanomics Mobility companies
- Established in 1999, US Hybrid designs, manufactures, and markets electric powertrain components
On Monday, May 17, Ideanomics (NASDAQ: IDEX) released its Q1 2021 financials for the three months ending March 31, 2021. In what CEO Alf Poor described as an indication that Ideanomics is transforming dramatically quarter over quarter, the company reported impressive operating results compared to Q1 2020 results.
According to a press release (https://ibn.fm/5h2BC) and the accompanying quarterly 10-Q report filing (https://ibn.fm/tuKcQ), Ideanomics reported $32.7 million in revenue for Q1 2021, compared to...
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at http://ibn.fm/IDEX
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