NASDAQ$IDEXQ
Ideanomics Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Ideanomics's business transformation was finalized, positioning the company to focus on EV and Financial Services.
Ideanomics reported a decrease in revenue due to the transition away from oil and electronics trading. The company focused on its Mobile Energy Global (MEG) and Ideanomics Capital divisions. Impairments were taken to clear a path to profitability and growth.
- Revenue for the year ended December 31, 2019, was $44.6 million, compared to $377.7 million in 2018.
- Cost of revenues was $1.5 million, compared to $374.6 million in 2018.
- Gross profit was approximately $43.1 million, compared to $3.2 million in 2018.
- Loss per share for 2019 was $0.82, compared to $0.35 in 2018.
Headline financials
Revenue & EPS history
Ideanomics · Revenue · Quarterly
$43.1M
Revenue by segment
Ideanomics · $4.7M total across 1 segment · Q2 2020
- Mobile Energy Global (MEG)$4.7M—100.0%
Forward guidance
The company is focusing on core activities in EV and Financial Services from 2020 forward, aiming for profitability and growth through MEG and Ideanomics Capital.
Tailwinds
- Focus on high-growth industry segment in electric vehicles.
- Opportunity to earn upfront revenues from vehicle procurement.
- Recurring revenues from the consumption of electrical energy.
- Strategic development of Ideanomics Capital.
- Assets within the group are available to be sold or divested.
Headwinds
- Decrease in revenue due to business transition.
- Impairments of holdings of GTB cryptocurrency.
- Impairments related to buildings demolished at Fintech Village.
- Expenses related to the true-up of DBOT selling stockholders.
- Loss from operations increased by $42.4 million.
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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