Ideanomics Inc. (Nasdaq-IDEX) $32.7 M Revenuesin Q1 & Cash $356 M
Revenue for the quarter ended March 31, 2021, was $32.7million and gross profit of $10.8 million.
First revenues from WAVE - Ideanomics' inductive chargingbusiness and from Timios, our Title and escrow services company - bothbusinesses were acquired in January 2021
$356 million cash at quarter end providing a deep pool ofcapital 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
