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Ideanomics(IDEX) - 2021 Q2 - Earnings Call Transcript
2021-08-17 00:42
Ideanomics, Inc. (OTC:IDEX) Q2 2021 Results Conference Call August 16, 2021 4:30 PM ET Company Participants Alfred Poor – Chief Executive Officer Tony Sklar – Senior Vice President of Investor Relations Kristen Helsel – Chief Revenue Officer Conor McCarthy – Chief Financial Officer Conference Call Participants Craig Irwin – ROTH Capital Partners Damon Felton – Unidentified Robert Wheeler – the Acorn Management Partners Robert Kieckhefer – Unidentified Operator Greetings and welcome to the Ideanomics Second ...
Ideanomics(IDEX) - 2021 Q1 - Earnings Call Transcript
2021-05-18 02:38
Ideanomics, Inc. (OTC:IDEX) Q1 2021 Earnings Conference Call May 17, 2021 4:30 PM ET Company Participants Tony Sklar - VP of Communications and Head of IR Alfred Poor - CEO Kristen Helsel - CRO Conor McCarthy - CFO Conference Call Participants Craig Irwin - ROTH Capital Partners Nelson Siu - Mackie Research Sean Macdonald - Acorn Management Partners Operator Greetings and welcome to the Ideanomics First Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. A brief question-an ...
Ideanomics(IDEX) - 2020 Q4 - Earnings Call Transcript
2021-04-01 02:43
Ideanomics, Inc. (OTC:IDEX) Q4 2020 Earnings Conference Call March 31, 2021 4:30 PM ET Company Participants Tony Sklar - Vice President of Communications and Head of Investor Relations Alfred Poor - Chief Executive Officer Conor McCarthy - Chief Financial Officer Conference Call Participants Craig Irwin - Roth Capital Partners Operator Greetings and welcome to Ideanomics Fourth Quarter Fiscal 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer ...
Ideanomics(IDEX) - 2020 Q3 - Earnings Call Presentation
2020-11-10 10:14
Financial Performance - Ideanomics' Q3 2020 revenues increased 230% compared to Q2 2020, reaching $106 million from $47 million[18] - Q3 2020 revenues increased 340% compared to Q3 2019, reaching $106 million from $31 million[18] - Operating expenses in Q3 2020 saw a 4% increase year-over-year, totaling $127 million[18] - EPS Diluted improved by 72% in Q3 2020, reaching $(003) from $(011)[18] - The company saved $16 million annually through operating cost discipline[16,22] - Net increase in cash and cash equivalents was $24972 million for the nine months ended September 30, 2020[20] Business Development - Treeletrik is placing orders for the first tranche of over 1000 units[11,12] - Medici Motor Works BEV vehicles are progressing towards homologation for sales in North America[11] - Solectrac develops and sells BEV tractors for agriculture and recreational markets[14] - Investment in Qingdao and Hangzhou sales teams is contributing to the growing sales pipeline[11]
Ideanomics(IDEX) - 2020 Q3 - Earnings Call Transcript
2020-11-10 02:01
Financial Data and Key Metrics Changes - In Q3 2020, the company reported revenues of $10.6 million, which is 2.3 times greater than Q2 2020 and 3.4 times greater than Q3 2019 [12][13] - The gross profit for Q3 was $2.9 million, resulting in a gross margin of 6.7% [13] - Operating expenses for Q3 were $12.7 million, slightly up from $12.3 million in the same period in 2019 [13][14] - The company ended the quarter with $27.6 million in cash [12][16] Business Line Data and Key Metrics Changes - The taxi ride-share business unit was a significant driver of growth, with unit deliveries significantly up compared to previous quarters [6][12] - The company delivered 626 units in Q3, compared to 97 units in Q2 2020, indicating strong sales performance [12] - The electric bus segment has begun executing orders, with an initial order of 13 buses as part of a larger rolling order [8] Market Data and Key Metrics Changes - The company is seeing increased inquiries from commercial fleet operators outside of China, indicating a growing interest in electric vehicles globally [6] - The agricultural tractor market is valued at $75 billion, with North America expected to reach $20 billion by 2023, highlighting a strategic investment opportunity [9] Company Strategy and Development Direction - The company is focusing on innovative financing programs to unlock its pipeline for larger ticket items such as trucks and buses [6][7] - There is a shift in the Chinese market towards financing vehicles and batteries separately, which the company is adapting to [7] - The company is expanding its sales operations in China and has successfully attracted experienced sales talent [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to benefit from the global trend towards zero-emission vehicles [11] - The company anticipates strong growth in energy revenues as commercial customers come to market [20] - Management acknowledged the challenges posed by the ongoing FCC investigation but emphasized their commitment to transparency and cooperation [23] Other Important Information - The company is actively pursuing mergers and acquisitions to support its growth strategy [41] - There are ongoing discussions regarding the financing model in the U.S. and how it can be adapted from the successful model in China [30] Q&A Session Summary Question: Where does the company see itself in the next 5 to 10 years? - Management anticipates significant growth and execution of commercial activities, particularly in the electric vehicle sector [20] Question: Can you provide updates on the FCC investigation? - Management stated they are cooperating with the FCC and cannot discuss ongoing matters but are committed to transparency [23] Question: How does the company plan to communicate with investors moving forward? - Management acknowledged the need for improved communication and is working on enhancing investor relations [22] Question: What are the plans for mergers and acquisitions? - Management confirmed that they are actively exploring opportunities and have added to their corporate development team [41] Question: Will there be insider buying or share buybacks? - Management is working on a new share plan that will allow for more structured insider buying in the future [45][47]
Ideanomics(IDEX) - 2020 Q3 - Quarterly Report
2020-11-09 21:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-35561 IDEANOMICS, INC. (Exact name of registrant as specified in its charter) Nevada 20-1778374 ( ...