{"id":528539,"date":"2021-08-16T16:09:34","date_gmt":"2021-08-16T20:09:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ideanomics-inc-reports-q2-2021-financial-results\/"},"modified":"2021-08-16T16:09:34","modified_gmt":"2021-08-16T20:09:34","slug":"ideanomics-inc-reports-q2-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ideanomics-inc-reports-q2-2021-financial-results\/","title":{"rendered":"Ideanomics, Inc. Reports Q2 2021 Financial Results"},"content":{"rendered":"
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– Revenues for the quarter ended June 30, 2021, was $33.2 million and gross profit of $9.3 million<\/h2>\n

– $396 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units<\/h2>\n

– Ideanomics has the only made in America EV tractor in the market at this time<\/h2>\n

– US Hybrid relocates to new, larger, Headquarters to accommodate the expected commercial demand<\/h2>\n

– Ideanomics Capital and Ideanomics Mobility teams began working together, changing the business model for our customers from the CapEx to OpEx line, including VaaS, CaaS and Energy as a service (EaaS)<\/h2>\n

– WAVE announces adoption of its inductive wireless charging system by Twin Transit Authority in Washington<\/h2>\n

– Ideanomics positions to WAVE to become the “Charger of Choice”<\/h2>\n

– Dr. Abas Goodarzi, Ideanomics Chief Scientist, Receives IEEE PELS Vehicle and Transportation Systems Achievement Award<\/h2>\n

– Ideanomics is executing on one of the most compelling, vertically integrated, offerings in the EV sector.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>, Aug. 16, 2021<\/span> \/PRNewswire\/ —\u00a0Ideanomics<\/a> (NASDAQ: IDEX) (“Ideanomics” or the “Company”), a global company focused on driving the adoption of commercial electric vehicles and associated energy services, announced today its second quarter 2021 operating results for the period ended June 30, 2021<\/span> (a full copy of the Company’s quarterly 10-Q report is available at www.sec.gov<\/a>).\u00a0 <\/p>\n

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\n \"(PRNewsfoto\/Ideanomics)\"
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Conference Call: Ideanomics’ management, including Alf Poor<\/span> (Chief Executive Officer), Conor McCarthy<\/span> (Chief Financial Officer), Kristen Helsel<\/span> (Chief Revenue Officer) and Tony Sklar<\/span> (SVP of Investor Relations), will host live an earnings release conference call at 4:30 pm ET<\/span>, Monday, August 16, 2021<\/span>. Time permitting, Ideanomics management will answer questions during the live Q&A session. A replay of the earnings call will be available soon after the conclusion of the event.\u00a0 <\/p>\n

To join the webcast, please visit the ‘Events & Presentations’ section of the Ideanomics corporate website (http:\/\/www.ideanomics.com\/<\/a>), or copy\/paste this link: https:\/\/78449.themediaframe.com\/dataconf\/productusers\/ssc\/mediaframe\/45816\/indexl.html<\/a><\/p>\n

“Ideanomics is executing on what we believe is one of the most compelling, vertically integrated, offerings in the EV sector.” said Alf Poor<\/span>, CEO of Ideanomics. “We have best-in-class, leading technologies, with the talent to leverage our presence in the most significant global markets.”<\/p>\n

\n Selected Business Updates and Highlights <\/b>\n <\/p>\n