Ideanomics Inc (fka IDEXQ)

[Stingray]

Not the best news near term:

Ideanomics Inc. (IDEX) was down 45% to $1.80 Wednesday. The company said earlier it doesn't anticipate meeting EBITDA guidance of $35 million for fiscal year 2018, but said it is on track to exceed revenue guidance of $280 million. The company reported a third-quarter loss per share of 10 cents, versus a 5-cent loss a year earlier. The company also Wednesday named Alex Yao chairman and Brett McGonegal sole chief executive officer. Former executive chairman and co-CEO Bruno Wu is taking a new role to lead the National Committee for China-U.S. Relations and returning to his holding company. ([e-mail])