Ideanomics Inc (IDEX)

[JimWin]

Earnings for the quarter came in at $183K, poor by any standards. Loss was just -0.05 a share though, but this was primarily because of a change in warrant liabilities; not because of any real fundamental reason.

In today's conference call, the promises of things that are 'about to happen' continued. I need to go over the CC again as Wei Chung's connection was so poor but from what I gathered, it sounded as though there are a lot of opportunities to be exploit in the marketplace. It also sounded as though other companies are coming to them wanting to make deals instead of the other way around.

It would be a mistake to just discount these apparent opportunities; they appear to have a lot of them and if they hit them all, YOD may actually start making revenue to cover their expenses and make some profit.

Guidance remains at $3 million for the year, suggesting that they will start to make good of these opportunities sooner rather than later. However, to the realist, this will seem like a stretch given the previous 2 quarters of the FY.

How will the share price react tomorrow? There will be those who will buy believing in the opportunities, they will be those who will be disappointed with the $138K revenue, there will be those who prefer to sit it out and wait until the real revenues actually come before they invest.

Whatever happens, it will be an interesting day tomorrow for YOD's share price.