Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, is reporting its full year 2021 operating results for the period ended Dec. 31, 2021. Highlights of the report include revenues of $114 million, with a gross profit for the year of $23.2 million. The report also noted specifically that U.S. revenue in 2021 was $84.3 million, an increase of $82.7 million compared to $1.6 million in 2020; the company anticipates that revenues will continue to grow as it consolidates recent acquisitions and subsidiaries moving forward. Business highlights from the report include the company’s acquisition of wireless charging provider WAVE, progress on its acquisition of VIA Motors, and its expanded product offering made available through the acquisition of both US Hybrid and Solectrac. In addition, Ideanomics announced an upcoming conference call, slated for Sept. 9, 2022, at 8:30 a.m. During the call, senior management will discuss IDEX’s results for Q1 and Q2 2022, as well as FY 2021 and Q4 2021. Those interested in participating can dial 877-407-3107 toll free in the United States or 201-493-6796 in Canada; a replay of the call as well as earnings materials will be available on the company website following the event. “In 2021, Ideanomics transformed through several acquisitions, and this enabled us to pursue our vision of becoming the first integrated provider of commercial electrification solutions, which is what the customer is searching for,” said Ideanomics CEO Alf Poor in the press release. “We know our investors have been eager to read our earnings reports, and we greatly appreciate everyone’s patience through these past few months. As the global transition to electric vehicles accelerates, Ideanomics’ differentiated value proposition of vehicles, charging and energy systems, and financial services all under one roof uniquely positions us to capture market share and generate value. We look forward to sharing more information regarding our earnings for the first and second quarters of this year shortly.”
To view the earnings conference call, visit https://ibn.fm/qn8SY
To view the full press releases, visit https://ibn.fm/G4cok and https://ibn.fm/0fvK6
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, the company provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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