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 An archived version of the webinar along with earnings material can be found on the IDEX’s investor relations website following the event.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
To view the full press releases, visit https://ibn.fm/9X11c and https://ibn.fm/Upi0p
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
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.