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Ideanomics inc   (IDEX)
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Price: $1.0200 $-0.03 -2.857%
Day's High: $1.06 Week Perf: -3.77 %
Day's Low: $ 1.01 30 Day Perf: -8.11 %
Volume (M): 309 52 Wk High: $ 16.13
Volume (M$): $ 316 52 Wk Avg: $4.89
Open: $1.06 52 Wk Low: $0.05



 Market Capitalization (Millions $) 12
 Shares Outstanding (Millions) 12
 Employees 263
 Revenues (TTM) (Millions $) 37
 Net Income (TTM) (Millions $) -359
 Cash Flow (TTM) (Millions $) -19
 Capital Exp. (TTM) (Millions $) 0

Ideanomics Inc
Ideanomics Inc. (NASDAQ: IDEX) is a publicly traded company headquartered in New York City, United States. It is a global company that focuses on technologies and solutions that enable the transformation of everyday life experiences into intelligent solutions. The company's mission is to become a leading provider of innovative financial services and technologies to various sectors, including electric vehicles, fintech, and agricultural technologies.

History:

Ideanomics was founded in 2004 as Wireless Huatai, a provider of wireless energy solutions in China. In 2010, the company changed its name to Fintech Holdings Group and began providing financial technology services in Asia. The company then expanded its focus to electric vehicles and alternative energy solutions. In 2018, the company changed its name to Ideanomics and went public on the NASDAQ.

Business Segments:

Ideanomics operates through several business segments, which include:

1. Ideanomics Mobility - This segment focuses on developing and investing in electric vehicle manufacturing, sales, and financing. The company is working with leading electric vehicle manufacturers to offer a range of electric vehicles, such as cars, buses, and trucks, in China and other international markets. Ideanomics Mobility is also providing financing and leasing options for electric vehicles through its various subsidiaries.

2. Ideanomics Capital - This segment focuses on investments in fintech, blockchain, and artificial intelligence technologies. Ideanomics Capital aims to invest in banks, financial institutions, and fintech companies that offer innovative solutions to its clients.

3. Ideanomics Energy - This segment focuses on the development and management of renewable energy projects, including solar and wind farms. Ideanomics Energy is also developing energy storage solutions to support renewable energy projects.

4. Ideanomics Agriculture - This segment focuses on developing agricultural technologies that will enable farmers to increase their yield and reduce input costs. Ideanomics Agriculture is working with leading agricultural technology companies to offer a range of smart farming solutions.

Partnerships:

Ideanomics has partnerships with several companies, including:

1. BYD Auto Co. Ltd - A leading electric vehicle manufacturer in China.

2. Qingdao United Intelligent Technology Co. Ltd - A manufacturer of electric delivery vehicles in China.

3. Treelectrictree - A provider of intelligent energy solutions for electric vehicle charging.

4. Pivot Power - A UK-based developer of battery storage and power infrastructure for electric vehicles.

5. Energy Blockchain Labs - A company that provides blockchain technology for energy trading and management.

Financials:

Ideanomics reported revenue of $32.7 million in 2020, a decrease of 53.6% compared to 2019. The company reported a net loss of $113.7 million in 2020, compared to a net loss of $25.3 million in 2019. Ideanomics had a cash balance of $50.7 million as of December 31, 2020.

Conclusion:

Ideanomics is a global company that is focused on innovative technologies and solutions that enable the transformation of everyday life experiences. The company's focus on electric vehicles, fintech, renewable energy, and agriculture technologies makes it a unique player in the market. With its expanding partnerships and investments, Ideanomics is well-positioned to leverage its strengths in the emerging markets of electric vehicles, renewable energy, and agricultural technologies.


   Company Address: 1441 Broadway New York 10018 NY
   Company Phone Number: 206-1216   Stock Exchange / Ticker: NASDAQ IDEX
   IDEX is expected to report next financial results on March 29, 2024.


   

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Ideanomics Inc

IDEX experiences a dramatic 77.04% revenue drop in recent fiscal period, in sharp contrast to industry growth

The Auto & Truck Manufacturers company recently released its financial report for the most recent fiscal period, and the results were disappointing. The company saw a significant decline in revenue, with a drop of 77.04% to $7.69 million. Additionally, the shortfall per share increased to $-3.46, compared to the corresponding reporting period a year ago.
This decline in revenue is in stark contrast to the overall growth seen in the rest of the Auto & Truck Manufacturers industry. In the second quarter of 2023, the industry recorded a 23.32% rise in revenue from the same period a year ago. However, the Auto & Truck Manufacturers company experienced a fall in revenue by 26.287%, from $10.43 million to $7.69 million.






 

Ideanomics Inc's Segments
 
 
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