Ideanomics (NASDAQ: IDEX), a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption, reported it Q3 2021 operating results for the period ended September 30, 2021. The report included updated results from IDEX’s Q1 and Q2 2021. Highlights of the report included the company’s voluntary conditional tender offer made in concert with the founders of Energica for shares of Energica Motor Company S.p.A. (Energica) and its agreement to acquire VIA Motors. In addition, during the quarter, the company brought on Aaron Gillmore to lead WAVE and Mani Iyer to lead Solectrac. Financially, IDEX reported revenues for the quarter totaled $27 million with gross profit of $4.5 million as well as $256.9 million cash at quarter end, which provides an invaluable pool of capital for investment in the company’s Mobility and Capital business units. In addition, the company rescheduled its earnings conference call and webcast announcement. The call is now scheduled for Tuesday, Nov. 23, at 8:30 a.m. ET. During the call, IDEX company leaders will provide an overview of the quarter results; there will also be time for a Q&A. Those interested can participate by dialing 1-877-407-3107 in the United States or 1-201-493-6796 in Canada. An archived version of the webinar along with earnings material can be found on the IDEX’s investor relations website following the event. “This quarter was highlighted by two very important strategic planned acquisitions of VIA Motors and Energica both scheduled to close in the first quarter,” said Ideanomics CEO Alf Poor in the press release. “The integration of these two companies provides Ideanomics with full OEM capabilities across vehicle types and positions Ideanomics as one of the only full-service, turnkey offerings in the market today.”
To view the earning webinar, visit https://ibn.fm/OvpL4
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About Ideanomics Inc.
Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. The Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy-management solutions under the company’s innovative sales-to-financing-to-charging (“S2F2C”) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide the company’s global customers and partners with leading technologies and services designed to improve transparency, efficiency and accountability, while offering its shareholders the opportunity to participate in high-potential growth industries. 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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