Welcome to our dedicated page for Idex news (Ticker: IDEX), a resource for investors and traders seeking the latest updates and insights on Idex stock.
Ideanomics (IDEX) delivers integrated solutions for commercial electric vehicle adoption through advanced technology and financial innovation. This news hub provides investors and industry professionals with authoritative updates on the company’s strategic initiatives.
Track all official announcements including earnings reports, strategic partnerships, and technology developments across IDEX’s core operations in EV fleet solutions, energy infrastructure, and fintech applications. Discover updates on subsidiary expansions and regulatory milestones shaping the sustainable transportation sector.
Our curated collection ensures immediate access to verified press releases and market-moving developments. Bookmark this page for efficient monitoring of Ideanomics’ progress in bridging electric mobility with next-generation financial services.
On June 26, 2024, Ideanomics (NASDAQ: IDEX) received a notice from the Nasdaq Listing Qualifications department regarding its non-compliance with the Listing Rule 5550(b)(1). The company reported stockholders' equity below the required minimum of $2,500,000 for continued listing on Nasdaq, and it did not meet alternatives like market value of listed securities or net income from continuing operations.
This serves as an additional basis for delisting IDEX from Nasdaq. The Nasdaq Hearings Panel will review this matter and the company must present its views by July 3, 2024. Ideanomics is actively working to regain compliance and will provide updates as more information becomes available.
Ideanomics (NASDAQ: IDEX) reported its fourth quarter and full year 2023 financial results on June 18, 2024. The company focuses on electric vehicles and associated charging products, having exited non-core businesses. Full-year revenue was $15.5 million, an 18.7% decrease from 2022. Gross profit for 2023 was negative $2.7 million, compared to negative $3.4 million in 2022. Key highlights include partnerships by Energica for all-electric solutions in aviation, marine, and off-road uses, and providing electric motorcycles for police fleets in France and Barbados. WAVE, another Ideanomics subsidiary, achieved the first OEM-approved wireless charging installation and continued projects with major logistics fleet customers.
On May 24, 2024, Ideanomics (NASDAQ: IDEX) announced receiving a notice from Nasdaq's Listing Qualifications department due to its failure to file the Form 10-Q for the period ending on March 31, 2024. This non-compliance with Nasdaq Listing Rules threatens its continued listing on the exchange.
Ideanomics is actively working to regain compliance and will provide updates as more information becomes available.
Energica Motor Company, a leader in high-performance electric motorcycles and a subsidiary of Ideanomics (NASDAQ: IDEX), has partnered with Electra Vehicles to enhance the electric two-wheeler market using AI-powered battery management technology.
This strategic R&D collaboration aims to improve battery performance, optimize vehicle range, charging, and longevity, and enhance the overall driving experience through Electra's 'Brain for Batteries' AI technology. The partnership seeks to boost battery life by over 20%, provide range estimations with a mere 1% error rate, and predict maintenance issues in advance.
By integrating Electra’s advanced AI algorithms, Energica aims to reduce operational costs, alleviate range anxiety, and foster broader EV adoption. The collaboration signifies Energica's commitment to innovation and delivering top-tier, safe solutions in the electric vehicle industry.
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