NASDAQ$IDEXQ
Ideanomics Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Ideanomics reported Q2 2020 financial results.
Ideanomics reported revenue of $4.7 million for the second quarter of 2020, marking the largest revenue from MEG since the company commenced EV sales. The company's gross profit was $255,000, representing a gross margin of 4.9%. The operating loss was $16.3 million, which included a one-time non-cash impairment charge of $6.2 million.
- Revenue for Q2 2020 was $4.7 million, the largest revenue from MEG since commencing EV sales.
- Q2 revenues improved compared to Q1, with $4.7 million versus $378,000.
- Gross profit for Q2 was $255,000, representing a gross margin of 4.9%.
- Operating loss was $16.3 million, including a $6.2 million one-time non-cash impairment charge.
Headline financials
Revenue & EPS history
Ideanomics · Revenue · Quarterly
-$79K
Revenue by segment
Ideanomics · $4.7M total across 1 segment · Q2 2020
- Mobile Energy Global (MEG)$4.7M—100.0%
Forward guidance
The company did not provide specific forward guidance but management continues to look for ways to reduce costs and allocate spending to the projects with the highest rate of return.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 11 quarterly earnings reports
-4.8%
Avg return
Earnings day
-12.9%
Avg return
5 days after
-48.7%
Avg return
30 days after
0%
0 / 11 earnings
Positive
+0.0%
Q4 2024
Best reaction
-13.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | +0.0% | +0.0% | -2.9% | |
| Q4 2023 | +0.0% | -6.6% | -47.4% | |
| Q3 2023 | +0.0% | -8.3% | -12.9% | |
| Q2 2023 | -7.1% | -49.3% | -66.9% | |
| Q1 2023 | -4.3% | -20.4% | -95.6% | |
| Q2 2022 | -7.2% | -15.5% | -95.9% | |
| Q4 2022 | -7.2% | -15.5% | -95.9% | |
| Q3 2022 | -6.3% | -12.1% | -11.8% | |
| Q1 2022 | -4.5% | -7.1% | -58.2% | |
| Q4 2021 | -2.5% | -0.8% | -24.2% | |
| Q3 2021 | -13.6% | -5.8% | -24.3% | |
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