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Cenntro Inc   (NASDAQ: CENN)
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Price: $1.1500 $-0.03 -2.542%
Day's High: $1.1823 Week Perf: -4.96 %
Day's Low: $ 1.12 30 Day Perf: 9.52 %
Volume (M): 96 52 Wk High: $ 2.30
Volume (M$): $ 111 52 Wk Avg: $1.40
Open: $1.16 52 Wk Low: $1.02



 Market Capitalization (Millions $) 35
 Shares Outstanding (Millions) 31
 Employees 250
 Revenues (TTM) (Millions $) 25
 Net Income (TTM) (Millions $) -48
 Cash Flow (TTM) (Millions $) -44
 Capital Exp. (TTM) (Millions $) 3

Cenntro Inc
Cenntro Electric Group Limited is a Chinese company that specializes in the manufacturing and development of electric vehicles and related components. They have a wide range of products including electric buses, electric trucks, and electric vans. The company aims to contribute to sustainable transportation solutions by providing efficient and environmentally-friendly electric vehicles. Cenntro Electric Group Limited is committed to research and innovation to continually improve their products and meet the growing demands for electric vehicles in the global market.


   Company Address: 501 Okerson Road Freehold 7728 NJ
   Company Phone Number: 820-6757   Stock Exchange / Ticker: NASDAQ CENN


   

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Cenntro Inc

Cenntro Inc's Revenue Slides by -5.649% in Latest Fiscal Period

As a financial analyst covering the EV, auto, and truck manufacturers sector, the recent financial results for Cenntro Inc have raised some concerns among investors. The company reported a significant shortfall per share of $-0.30 for the January to March 31, 2024 interval, compared to $0.00 a year ago and $0.00 per share from the previous reporting season. Additionally, the revenue plummeted by -5.649% to $3.01 million from $3.19 million in the corresponding reporting season a year ago, and sequentially revenue tumbled by -63.235% from $8.20 million.
These disappointing results stand in contrast to the overall trend in the EV, auto, and truck manufacturers sector, which posted a revenue improvement of 2.40% from the corresponding reporting season a year ago in the first quarter of 2024. However, Cenntro Inc reported a net shortfall of $-9.230 million for the same interval, instead of a deficit of $-11.114 million in the corresponding reporting season a year ago.

Cenntro Inc

Cenntro Inc Sees Revenue Decline in Fourth Quarter of 2023

Cenntro Inc, a company in the EV, Auto & Truck Manufacturers industry, recently released its fourth-quarter earnings report for 2023, showcasing some interesting financial trends. The company achieved balanced books with earnings per share reaching $0.00, a significant improvement from the negative $-0.25 per share a year ago. The revenue for the quarter decreased slightly by -3.385% to $8.20 million compared to $8.49 million in the previous year, but showed a strong sequential increase of 43.399% from $5.72 million.
One of the notable highlights from the earnings report was the improvement in net deficit, which narrowed to $-13.066 million in the fourth quarter of 2023 compared to a deficit of $-112.145 million in the same period last year. Additionally, there was a buildup in inventories and accounts receivable, indicating potential growth and rising demand for the company's products.







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