STOCK GOODIES PLAYS OF THE WEEK

[dj4321]

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