Ideanomics’ Revenue by Segment

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This statistic highlights Ideanomics’ Revenue by Segment, split between Related parties and Third parties, reported on a quarterly basis.
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This statistic highlights Ideanomics’ Revenue by Segment, split between Related parties and Third parties, reported on a quarterly basis.

Ideanomics’ Revenue by Segment

Revenue by Segment Q4 2019  Q3 2020 Q4 2020   Contribution in Q4 2020 
Related Parties $(0.283) $0.002 $0.001 0.01%
Third parties $0.347 $10.620 $11.070 99.99%
Total $0.064 $10.622 $11.071 100%

(All figures are in millions, except percentages)

Ideanomics is leveraging electric vehicle adoption by assembling a synergistic ecosystem of subsidiaries and investments. The company intensively focuses on acquiring potential businesses. Each operating company within Ideanomics offers its unique products and participates in a shared ecosystem to fulfill Ideanomics’ “S2F2C” (sales-to-financing-to-charging) model. Within the Ideanomics mobility business unit, there are four operating companies along with many more under the Ideanomics capital business unit which is divided into two segments, the third party and the related party. 

The major chunk of revenue is derived from the third-party segment, accounting for 99.99% of the company’s total revenue in Q4 2020. The total revenue grew by 17,198% on a year-on-year basis, from $0.064 million in Q4 2019 to $11.071 million in Q4 2020. On a quarter-on-quarter basis, the revenue increased from $10.622 million in Q3 2020 to $11.071 million in Q4 2020, making an increment of 4.22%. A massive growth can be observed between the quarters Q4 2019 and Q3 2020, where the revenue grew by 16,496%.

Related Parties

Generating almost negligible revenue as compared to the other segment, the related parties segment constitute only about $0.001 million revenue in Q4 2020. This is 0.01% of the total revenue earned by the company from both segments. On a quarter-on-quarter basis, this segment fall of 50% in generating revenue, from $0.002 million in Q3 2020 to $0.001 million in Q4 2020. On observing the fourth quarter of the previous year, i.e, Q4 2019, the related parties segment reflected a negative revenue of $0.28 million. On a year-on-year basis, the revenue increased by 100.35%, from $(0.283) million in Q4 2019 to $0.001 million in Q4 2020. Although, before Q4 2019, the Related parties segment has been the major source of revenue for the company. But the company shifted its focus from related parties to third parties.

Third Parties

Driving the major part of the total revenue, the third-party segment generated $11.07 million in revenue in Q4 2020. This was 99.99% of the total revenue earned in total by the company. The revenue increased from $10.62 million in Q3 2020 to $11.07 million in Q4 2020, making an increment of 4.24% on a quarter-on-quarter basis. On a year-on-year basis, this segment grew by 3,090%, from $0.347 million in Q4 2019 to $11.07 million in Q4 2020. After the fourth quarter of the year 2019, this segment proved to be the reviving segment for the company as the related party segment started generating almost no revenue.

About the Ideanomics Inc.

Ideanomics Inc was incorporated in the year 2004 on October 19 in the state of Nevada. The headquarter of the company is situated in New York, having global operations in the U.S., U.K., China, Ukraine, and Malaysia. To provide Video-on-demand service s(VOD) of supreme and premium quality through various subsidiaries and variable interest entities (VIE’s), was the primary business activity of Ideanomics from 2010 to 2017. The company gave it a brand name of You-On-Demand(YOD). During 2019, the company closed its YOD business.

Early in 2017, the company decided to transition its business model. It was set to become the next-generation financial technology company. To kick-start, the company started building a network of businesses, that were principally operating in the trade of petroleum products and electronic components. In 2018, the company seized to operate in the petroleum products and electronic components trading businesses and decided to dispose of the business during 2019.

Now, to facilitate the large-scale conversion of fleet vehicles from combustion engines to electric vehicles, the company found a more potential opportunity in the Chinese market of Electric vehicles. And fintech continued to be the part of interest to the company as it looks to invest in the businesses that can enhance the financial services industry. The company is registered in NASDAQ under the ticker name “IDEX”.

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