Ideanomics, Inc.

OTCPK:IDEX.Q 주식 리포트

시가총액: US$14.0k

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Ideanomics 경영진

경영진 기준 점검 2/4

현재 CEO에 대한 정보가 충분하지 않습니다.

핵심 정보

Alf Poor

최고경영자

n/a

총 보수

CEO 급여 비율n/a
CEO 재임 기간7yrs
CEO 지분 보유율n/a
경영진 평균 재임 기간6.4yrs
이사회 평균 재임 기간7.2yrs

최근 경영진 업데이트

Recent updates

새로운 내러티브 Nov 21

Ideanomics: A High-Risk Speculative Play with Long-Term Potential

Current Take on Ideanomics (IDEX):At present, Ideanomics (IDEX) is a high-risk stock with significant challenges:Financial Instability:The company is experiencing large losses, reflected in its negat
분석 기사 Apr 17

Market Cool On Ideanomics, Inc.'s (NASDAQ:IDEX) Revenues Pushing Shares 36% Lower

Unfortunately for some shareholders, the Ideanomics, Inc. ( NASDAQ:IDEX ) share price has dived 36% in the last thirty...
Seeking Alpha Oct 20

Ideanomics: Investing In EV Is A Waiting Game

Summary Ideanomics has been making acquisitions over the past year that could secure the company's long-term potential. The EV market is very competitive, and it's tough for an emerging business such as Ideanomics to have some leverage unless its products are revolutionary. I rate the stock as a hold due to company-related uncertainties and macroeconomic factors. Investment Thesis Ideanomics (IDEX) is trading at a low price and isn't looking too ideal for short-term growth potential. Instead, the company's recent acquisitions and as-a-service business model position itself in value territory. It's going to be a long-term waiting game. It can potentially be profitable through the company's EV business moves through its recently acquired companies like Solectrac - manufacturer and distributor of electric agriculture equipment; US Hybrid - which designs and manufactures zero-emission electric powertrain components; Energica - the world's leading manufacturer of high-performance electric motorcycles, and many other potential avenues for growth for Ideanomics. The company has negative cash flow, but it is reasonable as it has been making significant acquisitions for the past year. I rate the stock as a Hold for now. The company is profitable if all ideal conditions are met. However, there is still uncertainty, especially regarding how things are going at the macro level and if trends will change in the coming years, especially in the EV market, where companies heavily rely on consumer power. Potential Growth In EVs There are numerous reasons why I think that Ideanomics could be an outstanding stock if we took everything from an idealistic perspective. According to CompaniesMarketCap, the top 5 EV companies are Tesla (TSLA), Rivian (RIVN), Lucid Motors (LCID), NIO (NIO), and Li Auto (LI). Geographical Markets In the details mentioned above, three are in the US, and the other two are in the PRC, similar to the majority of IDEX's revenue. The US and PRC market accounts for 44% and 49%, respectively, of the company's revenues in the company's performance of the first half of 2022. This tells us 1) If these countries adapt to using electric vehicles, EV-related services would be beneficial (assuming customers would buy your products), and 2) The US and PRC are highly developed countries with a large consumer base that could potentially afford these high-tech EV products/services. However, even if its revenues mainly come from these locations, I also think the EV business is subject to a high risk of threat of new entry (which I will discuss later). Essentially, many companies are looking to pursue the EV business, with its strength being that you don't have to pay for gas fees, it's good for the environment, and it's the new trend of technology. However, I think that Ideanomics is in the prime location to deploy its EV products, and if they find massive success in specialty EV segments, it can potentially solidify itself as a well-known EV brand through innovative products such as two-wheelers, rickshaws, tractors, charging stations, and many more potential EV outlets. Ideanomics Quarterly Results – Geographic Markets In the auto EV industry, Tesla is the most recognized EV brand, and with a $682 billion market cap, the company and its shareholders have high trust in that brand to produce high-quality EV cars. However, with IDEX, the company aims to market its products through three primary channels: Ideanomics Mobility, Capital, and Energy, with Ideanomics Mobility as its primary source of revenue, in terms of EV products. So if Tesla specializes in making EV cars, what does IDEX has to offer? The core market segments that Ideanomics is targetting are off-highway, on-highway, and two-wheelers. This leads us to our next section, the company's EV-related acquisitions, which I think can hugely contribute to its growth potential once it has positive signs of progress after the company's investing activities. EV-Related Acquisitions Ideanomics have acquired several companies over the past year. Since their business model mainly involves EV products and services, I think that it's a significant step that they're acquiring EV products, not specifically car products, but specialty products such as tractors and two-wheelers, which I don't think have a well-known brand, similar to the likes of Tesla. Many potential EV products don't have brands that are recognized worldwide. If you think of phones, you think of iPhones by Apple (AAPL). Tesla will come into mind if you think of EV cars. How about EV motorcycles? EV tractors? Reputable EV charging stations? Some companies may have customized charging stations specific to their products, but it can be a potential revenue source, assuming that there's a centralized way of charging these EVs and that most people will need them for their EVs. Additionally, here are IDEX's recent acquisitions that are related to EV and why I think they're good (or bad) for the company: WAVE WAVE Website WAVE is a leading provider of high-power inductive (wireless) charging solutions for EVs. They charge vehicles in scheduled stops and create hands-free charging solutions for EV owners. They have demonstrated their capability in EV by providing custom fleet solutions for EV manufacturers that can power mass transit, logistics, airport and campus shuttles, drayage fleets, and off-road vehicles at ports and industrial sites. WAVE Website All user interfaces and communication antennas are located at the vehicle's top. During a scheduled stop, the EV is charged through a charging pad located under the vehicle, charging the vehicle pad and its secondary power electronics. Power is drawn from the primary power electronics from the primary power supply. In places where scheduled stops are frequent such as buses, airports, and campus shuttles where vehicles tend to be idle for quite some time before traveling, these charging solutions can be a great wireless alternative compared to visiting a gas station every once in a while to refuel. The company found success in its WAVE 500kW ultra-fast charger on September 2022 at the port of Los Angeles. This further improves my belief in the company being profitable if they continue their charging stations to be an “as a service” type of business. Read more about it in Seeking Alpha news here. Solectrac Solectrac Website Solectrac is a company that sells electric-powered tractors and could be the future of agriculture, and likewise is beneficial for the climate. They aim to have zero emissions in regenerative agriculture and utility operations. In October 2022, Solectrac secured new business contracts to supply electric tractors to major fleet operators. The company has 17 zero-emission e25 tractors for the University of California Agriculture and Natural Resources. Read more about it in Seeking Alpha News by clicking here. US Hybrid US Hybrid Site US Hybrid is essential to OEM EV manufacturers as they create hydrogen fuel cells and power electronics for electric, hydrogen, and hybrid-powered vehicles. The company will continue to serve external and internal customers within Ideanomics, and if IDEX wants to make great EV products, they need to have great fuel cells; US Hybrid is good at that. Tree Technologies Treeletrik Site Like Solectrac, Treeletrik makes EVs, but instead of tractors, they make two-wheel vehicles such as motorcycles, rickshaws, and scooters. The company can potentially be one of the leading EV motorcycle providers in Asia, specifically in countries such as Indonesia, the Philippines, and Thailand. The company is in collaboration with Energica to make these EVs. Status Of Previously Announced Acquisitions: Via Motors - 100% $630 million Via Motors Site VIA Motors is a commercial EV truck manufacturer creating different types of trucks with zero emissions. The considerable payment for the transaction is $630 million, with an upfront payment of $450 million for both stock and cash consideration, with $180 million as an earnout payment in IDEX's common stock, and is anticipated to close the deal in the fourth quarter of 2022. Energica - 90% - $60 million Energica Site Similar to Treeletrik, Energica creates motorcycles in the field of motorsports. Leveraging Energica's technology to improve Treeletrik's current technology will bring much more efficient two-wheel vehicles. On February 2022, IDEX wired $60.3 million to an escrow account to facilitate and fund the conditional tender offer, and on March 2022, the company announced that it had achieved the 90% threshold for the conditional tender offer, and the transaction closed in the same month. Overall, with all the company's acquisitions in the past year, I am confident there is excellent potential in the stock. Instead of competing with the big companies with billions of market cap, Ideanomics are finding new ways to disrupt the EV market through different EV car alternatives such as two-wheel vehicles, buses, wireless charging stations, and EV motorsports vehicles. I also think it's brilliant that they're keeping up with the new trends, especially related to creating a sustainable environment at a low cost. With a growing addressable market, the company has great potential: Total Addressable EV Market Statista – Projected EV Revenue If the trend of electric vehicles continues, there's a space for Ideanomics to ride the trend. According to Statista, revenue in the EV market is projected to reach $384 billion in 2022 and is expected to show a CAGR [Compound Annual Growth Rate] of 17.75%, resulting in a projected market volume of $869.30 billion by 2027. 5 years from now, it is also estimated that there will be 16.2 million EV market sales. Statista – EV Charging Stations Since Ideanomics is not only creating EV charging stations but also creating EV trucks, two-wheel EVs, and EV motorsports. This can be an excellent way to enter the EV industry, as IDEX is not purely focused on making cars but on various EV products and services. Their charging stations can also be a considerable source of revenue if they pursue this line of business. Risks There are three primary risks that I'm concerned with Ideanomics. These risks can be a significant factor that determines the company's performance. Even if the company seems to be on a great path to profitability, the short-term uncertainties can rob its "great" future: The Threat of New Entry While it's true that the EV industry is trending and people like the idea of owning a vehicle that doesn't rely on gas but electricity, since the EV market has been prevalent only in the past decade, there are still undiscovered products/services (that aren't highly marketed yet, since there are a few electric vehicles) that companies can capitalize on due to their profitable nature. A great example of this is Tesla (TSLA). They may not be the first innovators of electric vehicles, but due to the industry's early exposure to this technology in public and being actually great at making electric vehicles, they're the largest EV company in the world. Since there are different avenues to get revenue in the EV market, there's always a constant threat of new entry. Starting an EV business is expensive, but due to its profitability, I can confidently say that the difficulty level in this market for emerging companies gets more challenging by the day as technology advances. Consumer Purchasing Power The world is experiencing a recession, which means that if the situation worsens, the middle class would most likely set its priorities on daily needs instead of purchasing electric vehicles. A weakening consumer purchasing power means that there would be fewer sales for an EV company such as Ideanomics. Acquisition Uncertainty Other than the company's previous performance, there is still uncertainty left with the recent acquisitions that Ideanomics has made. It's great that they are acquiring some great companies with EV experience. It's just that with the current economic situation of the world and the supply chain disruptions across different industries (such as the most recent chip shortage in the semiconductor industry - it's needed to make smart electric vehicles), the company is in a tough spot. It's been at a loss for quite some time and isn't generating cash (which is understandable since the company has been making acquisitions, but there is still much uncertainty with these investing activities), and investors should be aware of this. Financials and Valuation Ideanomics Price Return – Seeking Alpha Charts As for the company's financials and valuations, the stock has been on a downtrend ever since the stock reached its 1-year high of $2.11 a share to where it's currently at today, which is $0.23 a share. Ideanomics Total Revenue – Seeking Alpha Charts The company's revenue grew from $26 million in 2020 to $114 million in 2021, or a 326% revenue growth driven by title and escrow services with a revenue of $73 million and electric vehicle products of $31 million. This generated cash for the company that would later be used for investing activities and acquiring more companies to solidify Ideanomics' destiny in the EV business and hopefully make it more profitable for the business and its shareholders. Ideanomics - Revenue Breakdown Made by Author Overall, Ideanomics had $75.7 million in revenue in services, $37 million in products, and $1.3 million in other revenue, totaling $114 million in revenue for the fiscal year 2021. Ideanomics Cash Burn Rate - Author Ideanomics had a cash burn rate of $31 million per month in the first half of 2022, while the company had a negative cash burn rate of $8.7 million in the fiscal year 2021, which the company's revenue increase may drive. An ideal situation to insulate this problem is to increase revenues and decrease costs, but since the company has been making acquisitions, growing revenues in the short term may be challenging to pull off, and because of the current macro situation, costs will increase. However, since they're venturing forward into the EV business, I think that the cash burn rate is meaningful because: The reward outweighs the risk taken by the company if the investments live up to their potential. The economy and industry are directed to zero-emissions and affordable transportation, which the EV business possesses. There's the future availability of capital if most of the company's source of financing remains in equity.
Seeking Alpha Oct 04

Ideanomics, Solectrac secured new business contracts to supply electric tractors to major fleet operators

Ideanomics (NASDAQ:IDEX) notifies on Tuesday that its subsidiary Solectrac secured significant new business-to-business contracts to supply electric tractors to customers operating large fleets. Solectrac has provided a combined total of 17 powerful, zero-emission and quiet e25 tractors to the University of California Agriculture and Natural Resources and a leading private sector plant nursery.  The combination of government incentives, volatile diesel fuel costs and corporate commitments to climate actions will accelerate the growth of electric machinery in the off-road market. The Solectrac brand will introduce a new model in 2023, and Ideanomics has invested in new facilities and partnerships to enhance manufacturing, assembly and distribution capabilities significantly.  Shares are up 1.73% premarket.
Seeking Alpha Sep 26

Ideanomics to establish in-house design capabilities

Electric vehicles company Ideanomics (NASDAQ:IDEX) said it is establishing in-house design capabilities. The company's aim is to accelerate the commercial adoption of electric vehicles. Source: Press Release
Seeking Alpha Sep 19

Ideanomics adds new dealers for Solectrac e-tractors

Ideanomics (NASDAQ:IDEX) has enhanced the availability of Solectrac electric tractors across the U.S. with seven new dealer partnerships. Solectrac climate-smart tractors are now available in Hawaii, Maine, North Carolina, Pennsylvania, Tennessee, Texas, and West Virginia. The company also continues to strengthen its position in California with two added dealers. The new dealer partners include Bacon Universal (Hawaii), Bangor Tractor & Equipment (Maine), Beeler Tractor (California), Bill's Tractor and Equipment (Texas), Cox Tractor (Tennessee), N&S Tractor (California), O.P.E. of America (North Carolina), PowerPro Equipment (Pennsylvania), and Tractor Pros (West Virginia). With the addition of these new dealers, Solectrac tractors are available at 16 dealers across 15 states. IDEX shares were up ~2% pre-market
Seeking Alpha Sep 09

Ideanomics reports Q2 GAAP EPS of -$0.08, revenue of $34.2M

Ideanomics press release (NASDAQ:IDEX): Q2 GAAP EPS of -$0.08. Revenue of $34.2M (+13.5% Y/Y)."In the second quarter Ideanomics was able to  demonstrate our growing EV businesses, highlighted by our strong revenue growth at both Energica and Solectrac. Their new facility in Sonoma will allow us to produce more tractors in response to demand. Additionally, Energica announced its newest bike, the 'Experia', in addition to Energica Inside. These developments will enable us to continue to drive the revenue growth these businesses are experiencing," said Alf Poor, CEO of Ideanomics.
Seeking Alpha Sep 02

Ideanomics GAAP EPS of -$0.57, revenue of $114.08M

Ideanomics press release (NASDAQ:IDEX): FY GAAP EPS of -$0.57. Revenue of $114.08M (+326.3% Y/Y). Gross profit for 2021 was $23.2 million which represented a Gross Margin of 20.4%. Gross profit for 2020 was $2.1 million. We expect revenues from EV to continue to grow as we consolidate our recent acquisitions and subsidiaries for our financial results for the full year of 2022 moving forward. "In 2021, Ideanomics transformed through several acquisitions, and this enabled us to pursue our vision of becoming the first integrated provider of commercial electrification solutions, which is what the customer is searching for," said Alf Poor, CEO of Ideanomics. Shares +4.78%.
Seeking Alpha Aug 02

Ideanomics' Solectrac adds new dealer partners in Florida and Ohio

E-tractor maker Solectrac, an operating company of Ideanomics (NASDAQ:IDEX), has added two new dealer partners to its sales and dealer network. The addition of Love Power Equipment in Florida and Specialty Tractors in Ohio further expands Solectrac's reach across the country with additional dealers anticipated to join in the coming months. Love Power Equipment carries a large selection of construction equipment, farming implements, mowers, new and pre-owned tractors, trailers and UTVs. It becomes the second Solectrac dealer in Florida after Ocala Tractor Supply. Specialty Tractors, part of the Specialty Family of Dealerships, offers RVs, outdoor, marine, and landscaping equipment, and parts and rental services, serving across four locations in Ohio. Solectrac now has seven dealers across the nation.
Seeking Alpha Jul 12

Solectrac, an operating company of Ideanomics partners with Nolan manufacturing to meet increasing electric tractor demands

Solectrac, makers of electric tractors and an operating company of Ideanomics (NASDAQ:IDEX) has inked partnership with Nolan Manufacturing to meet the increasing demand for electric tractors across the country. The 10,000-square-foot facility in Denton, NC broadens Solectrac's service for east coast customers and reinforces the company's continued nationwide growth. "As the demand for Solectrac's electric tractors continues to increase, I'm excited about our persistent progress on the East Coast towards a more sustainable future and regenerative agriculture," said Mani Iyer, Solectrac CEO. "With a 10,000 square foot manufacturing facility, 57 acres and three new buildings, we are ramping up production quickly and will be able to deliver tractors to dealer partners expeditiously and provide more efficient services to existing customers. As we achieve full production capacity, we are focused on making hiring and training a top priority." Nolan Manufacturing has over 50 dealers from Maryland to Georgia, with four equipment dealerships in North Carolina. They are producers of equipment and landscaping trailers with plans to expand production and distribution operations to include farm tractor implements, alongside the distribution of Solectrac tractors. Ideanomics' (IDEX) acquired Solectrac in June 2021, since then it has grown significantly, adding several dealers throughout the United States, including three recently added on the east coast in Alabama, Florida and Georgia. on YTD basis, IDEX lost around 50%.
Seeking Alpha Jan 18

Ideanomics: A High-Risk EV Play

In Q3 2021, the company generated revenues of $27 million, an increase of $16.4 million compared to the previous year quarter. Net loss in Q3 2021 increased to $51.5 million compared to a loss of $12 million in Q3 2020. Accumulated losses reached to $411.4 million as on September 30, 2021. The integration of VIA Motors and Energica has positioned Ideanomics with full OEM capabilities across vehicle types. The company is receiving various orders related to charging and components. The company is planning to open a facility at New Jersey in 2022 to showcase its mobility products and services.
Seeking Alpha Nov 29

Ideanomics Has Potential For Powerful Long-Term Growth And Diversification

Ideanomics offers a growing portfolio of EV brands at a relatively fairly valued price following a recent pullback. The stock could see over 200% growth over the next 2-4 years as earnings begin to take off. This potential for rapid growth does come with potential for over 50% downside, although the stock does offer diversification which could act as a safety net over the long term.
분석 기사 Oct 28

Does Ideanomics (NASDAQ:IDEX) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

CEO 보수 분석

Alf Poor의 보수는 Ideanomics의 수익에 비해 어떻게 변했나요?
날짜총 보수급여회사 수익
Dec 31 2023US$806kUS$241k

-US$195m

Sep 30 2023n/an/a

-US$336m

Jun 30 2023n/an/a

-US$300m

Mar 31 2023n/an/a

-US$307m

Dec 31 2022US$2mUS$674k

-US$192m

Sep 30 2022n/an/a

-US$274m

Jun 30 2022n/an/a

-US$301m

Mar 31 2022n/an/a

-US$273m

Dec 31 2021US$9mUS$646k

-US$256m

Sep 30 2021n/an/a

-US$119m

Jun 30 2021n/an/a

-US$76m

Mar 31 2021n/an/a

-US$95m

Dec 31 2020US$2mUS$383k

-US$101m

Sep 30 2020n/an/a

-US$157m

Jun 30 2020n/an/a

-US$162m

Mar 31 2020n/an/a

-US$131m

Dec 31 2019US$2mUS$300k

-US$99m

보상 대 시장: US 시장에서 비슷한 규모 기업과 비교해 Alf의 총 보수가 적절한지 판단하기에 데이터가 부족합니다.

보상과 수익: Alf의 보상을 회사 실적과 비교하기에 데이터가 부족합니다.


CEO

Alf Poor (55 yo)

7yrs
재임 기간
US$806,000
보수

Mr. Alfred P. Poor, also known as Alf, was Interim-Chairman at Ideanomics, Inc. since December 31, 2020. He has been Chief Executive Officer at Ideanomics, Inc. (Connecticut Fintech Village) since February...


리더십 팀

이름직위재임 기간보수지분
Shane B. McMahon
Founder & Independent Executive Chairman15.6yrsUS$40.73k데이터 없음
Alfred Poor
CEO & Director7yrsUS$806.00k데이터 없음
Anthony Sklar
Senior Vice President of Investor Relationsno dataUS$475.00k데이터 없음
Zheng Wu
Chairman Emeritusno dataUS$250.00k데이터 없음
Ryan Jenkins
Chief Financial Officer1.9yrs데이터 없음데이터 없음
George Yuan
Chief Technology Officer of BBDCGno data데이터 없음데이터 없음
Jun Zhu
Chief Operating Officer - Mobile Energy Group6.4yrs데이터 없음데이터 없음
Hao Li
Head of Smart Energy Division-Mobile Energy Group6.4yrs데이터 없음데이터 없음
Liqing Hu
Chief Scientist for Medici Motors Works5.4yrs데이터 없음데이터 없음
Avis Zhu
President of China Operationsno data데이터 없음데이터 없음
6.4yrs
평균 재임 기간
55yo
평균 나이

경험이 풍부한 관리: IDEX.Q의 경영진은 노련하고 경험이 풍부합니다(평균 재임 6.4 년).


이사회 구성원

이름직위재임 기간보수지분
Shane B. McMahon
Founder & Independent Executive Chairman15.6yrsUS$40.73k데이터 없음
Alfred Poor
CEO & Director7.2yrsUS$806.00k데이터 없음
James S. Cassano
Independent Non-Executive Vice-Chairman18.1yrsUS$175.00k데이터 없음
Andrea Hayward
Independent Director2.8yrsUS$62.50k데이터 없음
Paul Hancock
Independent Director2.4yrsUS$33.33k데이터 없음
7.2yrs
평균 재임 기간
55yo
평균 나이

경험이 풍부한 이사회: IDEX.Q의 이사회경험이 있음으로 간주됩니다(평균 재임 7.2 년).


기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/02/02 19:39
종가2026/01/30 00:00
수익2023/12/31
연간 수익2023/12/31

데이터 소스

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패키지데이터기간미국 소스 예시 *
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분석가 소스

Ideanomics, Inc.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Andres Sheppard-SlingerCantor Fitzgerald & Co.
Jaywant SrivatsaChardan Capital Markets, LLC
Craig IrwinRoth Capital Partners