)
Ideanomics (IDEX) investor relations material
Ideanomics Q4 2023 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ideanomics focuses on accelerating commercial EV adoption, targeting last-mile delivery and charging solutions.
2023 saw continued restructuring, divestitures, and a shift away from China to the US market.
The company completed the acquisition of VIA Motors and continued to invest in WAVE Charging, Energica, and Solectrac.
Management believes the intrinsic value of subsidiaries exceeds current market capitalization and is exploring strategic investments and divestitures.
Substantial doubt exists about the company's ability to continue as a going concern due to recurring losses and limited liquidity.
Financial highlights
2023 revenue was $15.5M, down 19% from $19.0M in 2022, mainly due to capital constraints and market challenges.
Net loss from continuing operations was $204.9M in 2023, compared to $213.6M in 2022.
Gross profit was negative at $(2.7)M, with a gross margin of (17.6)%.
Operating expenses increased 3% to $214.7M, driven by higher R&D and asset impairments.
Asset and goodwill impairments totaled $177.7M in 2023, mainly related to VIA Motors and Energica.
Outlook and guidance
The company expects continued focus on last-mile delivery EVs and charging, with legislative trends supporting demand.
Restructuring and divestitures are intended to strengthen the financial position and focus on core growth areas.
Management continues to seek additional capital through equity and debt financing.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)