Ideanomics (NASDAQ: IDEX), a global company focused on accelerating the commercial adoption of electric vehicles, is reporting its fourth-quarter and full-year 2023 financial numbers, for the period ended Dec. 31, 2023. Notable numbers from the report show revenue for the full year totaling $15.5 million, down an estimated 18.7% from 2022, with gross profit for the full year reported at negative $2.7 million, compared to negative $3.4 million for 2022. Highlights from the report show that Energica Inside, a majority-owned subsidiary of Ideanomics, announced key partnerships to develop all-electric solutions for aviation, marine and off-road uses; Energica electric motorcycles were also selected by police services in France and Barbados for police fleets. In addition, the report showed that Ideanomics charging solutions business, WAVE, has completed an industry-first, OEM-approved installation of wireless charging and is continuing initial projects with several major logistics fleet customers. Members from Ideanomics management team, including CEO Alf Poor and CFO Ryan Jenkins, have recorded an earnings conference call outlining key information from the financial report. “Throughout 2023, Ideanomics continued executing its commitment to shareholders to exit noncore businesses and finalize a reorganization of the business to focus on last-mile and local delivery vehicles and associated charging products,” the company stated in the press release.
To listen to the conference call, visit https://ibn.fm/mHoIf
To view the full press release, visit https://ibn.fm/udW0y
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 completeness of 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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