Ideanomics Announces MEG September and Q3 Sales Activity

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Ideanomics Announces MEG September and Q3 Sales Activity

By CFO Tech Outlook | Friday, October 16, 2020

NEW YORK - Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") is pleased to announce its Mobile Energy Global (MEG) division's sales activities for the month of September and Q3 2020. For the period starting September 1, 2020, through September 30, 2020, MEG delivered a total of 423 units. For Q3 2020, the period starting July 1, 2020, through September 30, 2020, MEG delivered a total of 626 units. The Company also invoiced an additional 440 units in Q3, which are pending expected delivery.

"We are very pleased that our MEG business experienced sequential growth, month over month, throughout Q3, and the 440 units pending delivery gets Q4 off to a strong start. This growth, fueled by a combination of previously announced deals and new deal origination, along with improvements in our operational efficiency, helps us achieve our goals for 2020 and sets the stage for growth at scale going into 2021," said Alf Poor, CEO of Ideanomics.

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