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$32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Gear Up For The Change!
Ideanomics Inc. (IDEX)
https://investchronicle.com/2021/05/24/gear-up-for-the-change-ideanomics-inc-idex-has-hit-the-volume-of-3388289/
$32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually, therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually, therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
Roth Capital Partners’ Buy Rating and Price Target of $7
https://www.marketbeat.com/stocks/NASDAQ/IDEX/price-target/
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually, therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually, therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
Ideanomics (Nasdaq-IDEX) Acquires US Hybrid a California Based Manufacturer of Zero Emission Powertrain Components for Electric, Hybrid, and Fuel Cell Vehicles
https://investors.ideanomics.com/2021-05-13-Ideanomics-Signs-a-Definitive-Agreement-to-Acquire-California-based-US-Hybrid
https://ushybrid.com/
$IDEX - Ideanomics Acquires US Hybrid a California Based Manufacturer of Zero Emission Powertrain Components for Electric, Hybrid, and Fuel Cell Vehicles
https://investors.ideanomics.com/2021-05-13-Ideanomics-Signs-a-Definitive-Agreement-to-Acquire-California-based-US-Hybrid
https://ushybrid.com/
Ideanomics (Nasdaq-IDEX) Acquires US Hybrid Manufacturer of Zero Emission Powertrain Components for Electric, Hybrid, and Fuel Cell Vehicles
https://investors.ideanomics.com/2021-05-13-Ideanomics-Signs-a-Definitive-Agreement-to-Acquire-California-based-US-Hybrid
https://ushybrid.com/
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualized basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
https://ideanomics.com/mobility/
$IDEX- Ideanomics Inc. (Nasdaq-IDEX) $32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX- Ideanomics Inc. (Nasdaq-IDEX) $32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Wall Street’s Goldman Sachs Owns
$IDEX - Wall Street's Goldman Sachs Innovate Equity ETF Owns 182,649 shares of Ideanomics.
https://fintel.io/so/us/idex?fbclid=IwAR0OGU1OHczPOx_Z1C2R-rhQN8-2Xmumj0_Fi2ipPm7CoN_WJgO9OtFoPBI
Wall Street’s Goldman Sachs Owns
$IDEX - Wall Street's Goldman Sachs Innovate Equity ETF Owns 182,649 shares of Ideanomics.
https://fintel.io/so/us/idex?fbclid=IwAR0OGU1OHczPOx_Z1C2R-rhQN8-2Xmumj0_Fi2ipPm7CoN_WJgO9OtFoPBI
$32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$32.7 M Revenues in Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
$IDEX - Ideanomics will grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
Will this company outperform its competitors in its industry ?
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
Will this company outperform its competitors in its industry ?
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with analysts making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually and therefore Ideanomics will grow faster than its competitors.
$IDEX - Ideanomics is expected to grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with the covering analyst making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually. Ideanomics is expected to grow faster than its competitors.
$IDEX - Ideanomics is expected to grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile, with the covering analyst making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually. Ideanomics is expected to grow faster than its competitors.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week, closing at US$2.83. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from analysts is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually. So it looks like Ideanomics is expected to grow faster than its competitors, at least for a while.
Ideanomics, Inc. (NASDAQ:IDEX) shareholders will have a reason to smile today, with the covering analyst making substantial upgrades to this year's forecasts. Consensus estimates suggest investors could expect greatly increased statutory revenues and earnings per share, with the analyst modelling a real improvement in business performance. The market seems to be pricing in some improvement in the business too, with the stock up 9.7% over the past week, closing at US$2.83. Could this big upgrade push the stock even higher?
Following the upgrade, the current consensus from Ideanomics' sole analyst is for revenues of US$129m in 2021 which - if met - would reflect a substantial 119% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 84% to US$0.05. However, before this estimates update, the consensus had been expecting revenues of US$105m and US$0.11 per share in losses. We can see there's definitely been a change in sentiment in this update, with the analyst administering a sizeable upgrade to this year's revenue estimates, while at the same time reducing their loss estimates.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. For example, we noticed that Ideanomics' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 184% growth to the end of 2021 on an annualised basis. That is well above its historical decline of 2.6% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 13% annually. So it looks like Ideanomics is expected to grow faster than its competitors, at least for a while.
Yes I bought at ~ $700 and watching it drop is not really good to see.
Holding another EV stock that has reported good Q1 results and is down as well
$IDEX- $32.7 M Revenues in Q1& Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX- $32.7 M Revenues in Q1& Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX- $32.7 M Revenues in Q1& Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Bolstered Cash position to $356 million as of March 31, 2021
Q1 Results Reported are good the price is nice
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Bolstered Cash position to $356 million as of March 31, 2021
Q1 Results Reported are good the price is nice
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Q1 Results Reported are good the price is nice
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
Q1 Results Reported are good the price is nice
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
The revenues are good the share price is better, more to come in 21
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
The revenues are good the share price is better, more to come in 21
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results
$IDEX $32.7 M Revenues in Q1 2021
- Revenue for the quarter ended March 31, 2021, was $32.7 million and gross profit of $10.8 million
- First revenues from WAVE - Ideanomics' inductive charging business and from Timios, our Title and escrow services company - both businesses were acquired in January 2021
- $356 million cash at quarter end providing a deep pool of capital for investment in our Ideanomics Mobility & Capital business units
Selected Business Updates and Highlights
Acquired Wireless Charging Provider WAVE
Acquired title & escrow services company Timios
Announced Sponsorship in NACFE and membership in CALSTART
Timios Expands retail purchasing business
Solectrac expands Tractor reservation campaign
Invests in Italian Electric Motorcycle Company Energica
Timios generates record high revenue for the quarter
Bolstered Cash position to $356 million as of March 31, 2021
https://investors.ideanomics.com/2021-05-17-Ideanomics,-Inc-Reports-Q1-2021-Financial-Results