IDEX - Earnings call 2 2023 | Ideanomics, Inc.

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Anthony Sklar

Welcome, everyone, to the Ideanomics Second Quarter Earnings Conference Call.

Joining me today, I am pleased to have Mr. Alfred Poor, Chief Executive Officer; Mr. Scott Morrison, Chief Financial Officer; and Mr. Robin Mackie, our Chief Operating Officer.

call Presentations archived website section minimum XX today's the available for of of and Events of days. recording will and be in a The our corporate

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fully In which Exchange in described the addition, Ideanomics be and can are viewed risks filings Securities Commission, the www.sec.gov. other U.S. more with public at

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Alfred Poor

I don't detail Thank QX XXXX on go a want been covered. call Robin so Tony, material since company's earnings results. focus It strategy results few our and weeks operating to going over the those QX provide to everyone our recently earnings thank recent joining has that let we call, and the behind same you the you, today. I'm only to the and Scott and

company in and reorganization you'll the focus QX on and will to industry-leading enable renewed that fleet on customer electric business skateboard products. in This to operate call, finalizing skateboard configurations with to As our chassis mile delivery most This associated be will on Motors of putting and identified to and our we body focused results market of focus on goal. ensures well-defined success the are resources are heard chassis today's our market essential the we OEMs. and/or the with the upfitters and emphasis licensing and we vehicles believe charging a sales the of cab the manner shareholders. electric Direct team fully last opportunity We and to see of sell demographics: Motors' it skateboard entire that and we our cab local this sales this as VIA and X operators, builders have us cost-efficient means segment disciplined a its affords and to VIA

or in each To are partners already focus, these our late-stage place and of customers we in with validate and discussions agreements strategy multiple have in categories.

execute Morrison, to will well we shareholders. hand the Scott I that strategy quarter. conviction which to this you for through begin received, to us over extremely on Our provides you will our who to our value demonstrate such products the take now financial are with results

Scott Morrison

everyone to to call. listening Thank you, Alf, and thank you this

and criteria and China for quarter of are components second taken operations to presented XXXX, business divest no have operations. wind Therefore, longer steps the continuing Timios filing. discontinued operations these we XX-Q in this the down previously, during met our mentioned classification as as As

liabilities cash flows these separately reflect consolidated discontinued The prior results cash components consolidated of of reclassified of have presented as related operations. are sheet components periods operations corresponding these operations balance of in operations in from are The financial with related consolidated in discontinued year our the accompanying All statements notes and discontinued net presentation. as Assets in associated are operations flows. loss been also the of our statements tax. presented in presented our to statements included components the and to these information

Revenue in lower of than period operations million, million, the than half the continuing year. XXXX higher the for time first was $X.X $XX.X same operations for year. XX% quarter for XX% Revenue last continuing same was last the

X.X%. the we've of roughly from to compared previous markets from the increase from million measures for part This million, year. Operating spoke in this title loss conference of due revenue the services and essentially operational China of to excluding is impairments a million and down America reduction $X.X in million exited core all business operations $XX.X continuing charging-related first operations large Robin calls. sales $XX.X in from the and $X.X was cost the XX% of of and products market, during This an of margin As expenses, and efficiency our our continuing quarter gross is the last of quarter. and Timios Europe. representing $X.X is EV-related profit a escrow million, Gross North was

who this hand to over detail. discuss in like to operations Robin Mackie, more Chief I'd will our Operating Officer,

Robin J. Mackie

Scott. you, Thank

development challenging, the few our call, on efficiency books remains whilst quarter on to have As market constraints. make X order remained improving earnings across ago, the business conditions capital mentioned a my despite focus product weeks and progress

starting at earlier. reduction become by quarter results with is and to operating X This corporate both costs in a continue apparent the to as levels. expenses steep our mentioned in company reduce operating We Scott

costs intent a It review is our continue basis. on regular to our to

to process of to businesses shareholders. are As mentioned to operational several financial value our direct already. strategic do initiated our there we to return intend this seek sell cases and in the so, before, where We've or investment businesses with

about of we've mile last focus the Given Solectrac like and delivery our charging focus. spoken associated businesses on products, that being fall that Energica and vehicles outside

and evaluate with for potential and Hybrid if sale shareholders. work would to aligned with those extensive global and to investors businesses and advisers into we synergistic suitable begun leader provide potential strategic strategic as complementary being of management US and capital investors position we to a diligently consolidation have the our our more with In speaking opportunity of have the see We Charging With reinforce our to the WAVE returns charging continue begun of inductive businesses Charging, at progress. WAVE knowledge teams high global constraints, enable with in car produce worked WAVE's the to market future of have strategy, charging market. the assets each growth. nondilutive ensure products market, mentioned previously investors conditions following an our particular, they charging IP IP to capital make further Despite to the

back Now remarks. closing to for Alf

Alfred Poor

success. support. business you you Thank this has year is for much objectives organization able and [indiscernible] to for more you, industry, for year everyone today. have Ideanomics which the execute Ideanomics, commercial all we challenging as Robin. been XXXX from a the in taken on a decisions all interest your tuning thank of and EV Thank and position leaner, us continued at efficient And its for

Anthony Sklar

so answer community QX This Investor XXXX questions the can to We have is have for reach may our that out to we Earnings all today. encourage Conference continue we you the individually. time This Ideanomics' any Call. concludes

This need. the to earnings to a that refer will on You Investors We SEC's the our available to website latest analysts like there. time can thank you you ir@ideanomics.com. to and listen taken to filings questions the listeners, you have send the to and urge those any and can call. who would shareholders call find for be our others We section, information in link

alerted on to we you and a To website other the information news, newsletter our to participating call everyone, our listening explore timely up in at for social www.ideanomics.com. be and you, us media, to today. events following Thank recommend and manner, sign

Ideanomics (IDEXQ) 25 Aug 232023 Q2 Earnings call transcript