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Dec 31, 2020
Ideanomics Q4 2020 Earnings Report
Reported full year 2020 operating results, demonstrating sequential quarter over quarter growth.
Key Takeaways
Ideanomics reported full year 2020 results with revenue of $26.8 million, driven by growth in EV revenue which increased to $19.5 million.
Full year revenue reached $26.8 million.
EV revenue increased to $19.5 million, a 600% increase year-over-year.
Gross profit for 2020 was $2.1 million, representing a gross margin of 7.7%.
The company is focused on the convergence of financial services and industries experiencing technological disruption.
Forward Guidance
Ideanomics is building the groundwork for 2021 and beyond, with recent activity across the EV ecosystem and developments in EV charging infrastructure.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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