Ideanomics(US:IDEX)2020-11-10 10:14Financial 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]