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Ideanomics (IDEX)

Ideanomics is a global company focused on the convergence of financial services and industries experiencing technological disruption. Our Mobile Energy Global (MEG) division is a service provider which facilitates the adoption of electric vehicles by commercial fleet operators through offering vehicle procurement, finance and leasing, and energy management solutions under our innovative sales to financing to charging (S2F2C) business model. Ideanomics Capital is focused on disruptive fintech solutions for the financial services industry. Together, MEG and Ideanomics Capital provide our global customers and partners with leading technologies and services designed to improve transparency, efficiency, and accountability, and our shareholders with the opportunity to participate in high-potential, growth industries. The company is headquartered in New York, NY, with offices in Beijing, Hangzhou, and Qingdao, and operations in the U.S., China, Ukraine, and Malaysia.

Company profile

Ticker
IDEX
Exchange
Website
CEO
Alfred Poor
Employees
Incorporated
Location
Fiscal year end
Former names
ALPHA NUTRACEUTICALS INC, ALPHA NUTRA INC, CHINA BROADBAND INC, GALLERY RODEO INTERNATIONAL, Seven Stars Cloud Group, Inc., SIERRA ROCKIES CORP, WECAST NETWORK, INC., YOU ON DEMAND HOLDINGS, INC.
SEC CIK
Subsidiaries
Medici Motor Works Holding Inc. • Intelligenta Ltd. • Grapevine Logic, Inc. • Delaware Board of Trade Holding, Inc. • Tree Technologies Sdn. Bhd. • Mobile Energy Global Limited • Fintech Village LLC • Medici Motor Works Inc. • Medici Operation Limited • Seven Stars Energy ...
IRS number
201777837

IDEX stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Mar 22
12 Aug 22
31 Dec 22
Quarter (USD) Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 256.93M 256.93M 256.93M 256.93M 256.93M 256.93M
Cash burn (monthly) 46.24M (no burn) 17.18M 11.16M 10.62M 5.15M
Cash used (since last report) 482.46M n/a 179.25M 116.46M 110.84M 53.73M
Cash remaining -225.53M n/a 77.68M 140.47M 146.09M 203.2M
Runway (months of cash) -4.9 n/a 4.5 12.6 13.8 39.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jan 22 Alfred Poor Common Stock, $0.001 par value per share Buy Acquire P No No 1.01 19,775 19.97K 1,489,125
20 Jan 22 Alfred Poor Common Stock, $0.001 par value per share Buy Acquire P No No 1.07 14,500 15.52K 1,469,350
12 Jan 22 Alfred Poor Common Stock, $0.001 par value per share Buy Acquire P No No 1.2 25 30 1,454,850
12 Jan 22 Alfred Poor Common Stock, $0.001 par value per share Buy Acquire P No No 1.21 2,950 3.57K 1,454,825
12 Jan 22 Alfred Poor Common Stock, $0.001 par value per share Buy Acquire P No No 1.19 60,000 71.4K 1,451,875
24 Sep 21 Mcmahon Shane Common Stock, $0.001 par value per share Sell Dispose S No No 2.06 500,000 1.03M 7,916,208
23 Jul 21 Mcmahon Shane Common Stock, $0.001 par value per share Option exercise Acquire M No No 0 250,000 0 8,416,208
23 Jul 21 Mcmahon Shane RSU Common Stock Option exercise Dispose M No No 0 250,000 0 0
23 Jul 21 Mcmahon Shane RSU Common Stock Grant Acquire A No No 0 250,000 0 250,000
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 4 4
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Advantech Capital II 4 $0 0.0%
Largest transactions Shares Bought/sold Change
Advantech Capital II 4 0 0.0%

Financial report summary

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Risks
  • Defects or disruptions in our technology or services could diminish demand for our products and services and subject us to liability.
  • Malicious cyber-attacks and other adverse events affecting our operational systems or infrastructure, or those of third parties, could disrupt our businesses, result in the disclosure of confidential information, damage our reputation and cause losses or regulatory penalties.
  • If adverse changes in the levels of real estate activity occur, the revenues of our Timios subsidiaries may decline.
  • If financial institutions at which we hold escrow funds fail, it could have a material adverse impact on our company.
  • If we experience changes in the rate or severity of title insurance claims, it may adversely impact our ability to conduct business.
  • Because our Timios subsidiary is dependent upon California for a substantial portion of our title insurance premiums, our business may be adversely affected by regulatory conditions in California.
  • The title insurance business is highly competitive.
  • Industry regulatory changes and scrutiny could adversely affect our ability to compete for or retain business or increase our cost of doing business.
  • We may pursue opportunities that involve business, regulatory, legal or other complexities.
  • Our business depends upon our ability to keep pace with the latest technological changes, and our failure to do so could make us less competitive in our industry.
  • Rapid technological changes in our industry require timely and cost-effective responses. Our earnings may be adversely affected if we are unable to effectively use technology to increase productivity.
  • The success of our business depends in large part on our ability to protect our proprietary information and technology and enforce our intellectual property rights against third parties.
  • Changes to existing federal, state or international laws or regulations applicable to us could cause an erosion of our current competitive strengths.
Management Discussion
  • Revenue for the year ended December 31, 2020 was $26.8 million as compared to $44.6 million for the same period in 2019, a decrease of $17.8 million, or 40%. The decrease was due to a change to our business focus from digital asset management services to the EV business. The Company generated $19.5 million from the sale of EVs as compared to $2.7 million in the prior year, an increase of $16.8 million. In the current year, the Company earned revenues of $5.2 million from the sale of combustion engine vehicles; the sale of combustion engine vehicles is not the Company’s primary focus, however, from time to time, the Company will sell combustion engine vehicles if a client places an order. During 2020, the Company made its first sales of charging and battery equipment. The Company believes this is very encouraging development as the provision of charging, battery and battery swap services is an important strategic focus for the Company. Revenues from Grapevine, the Company’s business focused on digital advertising services were $1.6 million as compared to $1.2 million in the prior year, an increase of $0.5 million or 39%. Grapevine is considered a non-core asset for Ideanomics.

Content analysis

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