Ideanomics, Inc. Reports Q1 2020 Financial Results

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Go back to Ideanomics, Inc. Reports Q1 2020 Financial Results

Ideanomics (IDEX) Reports Q1 Loss of $0.08

May 11, 2020 5:13 PM EDT

Ideanomics (NASDAQ: IDEX) reported Q1 EPS of ($0.08), versus ($0.18) reported last year.

Ideanomics First Quarter 2020 Operating Results

Revenue for the three months ended March 31, 2020 was $0.4 million as compared to $26.9 million for the same period in 2019, a decrease of $26.6 million, or 99%. The revenue in the first quarter of 2019 included $26.8M from the provision of Digital Asset Management Services, there was no revenue from this source in the current quarter. In the current quarter we recorded US$55,000 from the sale of EV taxis, achieving these sales during a period when almost all... More