Ideanomics tumbles as Q2 losses widen with lower U.S. revenue

IDEX Wind Down

09/09/2022 12:04

** Shares of EV solutions provider Ideanomics Inc  IDEX.O 
down ~12% at $0.5 premarket
    ** Co reports a loss of 8 cents a share in Q2, widening from
a loss of 2 cents/share a year earlier  urn:newsml:reuters.com:*:nPn46TGGca
    ** Rev grows to $34.2 mln vs $30.1 mln a year earlier, led
by significant growth in Energica and Solectrac brands, while
U.S. sees decline
    ** Up to Thursday's close, stock has fallen ~53% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))