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Cenntro Electric | 10-Q: Quarterly report

Cenntro Electric | 10-Q: Quarterly report

Cenntro Electric | 10-Q:季度報表
美股sec公告 ·  05/16 04:19
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Cenntro Electric, a leading electric commercial vehicle manufacturer, reported a net revenue of approximately $3.4 million for the first quarter ended March 31, 2024, a slight decrease from the $3.5 million reported in the same period in 2023. The company's net loss for the quarter was $9.2 million, an improvement from the $11.1 million net loss in the previous year. The decrease in net revenue was primarily due to a reduction in vehicle sales, which was partially offset by an increase in spare-part sales. Despite the decrease in net revenue, the company's gross margin on vehicle sales improved from 1.63% in Q1 2023 to 6.34% in Q1 2024. Cenntro Electric's operating expenses saw a reduction, with selling and marketing expenses dropping by approximately 29.6% and general and administrative expenses by...Show More
Cenntro Electric, a leading electric commercial vehicle manufacturer, reported a net revenue of approximately $3.4 million for the first quarter ended March 31, 2024, a slight decrease from the $3.5 million reported in the same period in 2023. The company's net loss for the quarter was $9.2 million, an improvement from the $11.1 million net loss in the previous year. The decrease in net revenue was primarily due to a reduction in vehicle sales, which was partially offset by an increase in spare-part sales. Despite the decrease in net revenue, the company's gross margin on vehicle sales improved from 1.63% in Q1 2023 to 6.34% in Q1 2024. Cenntro Electric's operating expenses saw a reduction, with selling and marketing expenses dropping by approximately 29.6% and general and administrative expenses by 13.3% compared to the same quarter last year. The company's research and development expenses, however, increased by 10.1% as it continues to invest in new electric commercial vehicle models and technologies. Cenntro Electric's business development efforts included the transformation of its go-to-market model to Cenntro Branded EV Centers globally, starting in 2022. The company's future plans involve regionalizing manufacturing and supply chains in key markets, expanding its channel partner network, and increasing investment in research and development to further its technology in vehicle development and sustainable energy solutions. As of March 31, 2024, Cenntro Electric had a working capital of approximately $67.5 million and plans to fund future operations through cash on hand, operations, credit lines, and potential equity and debt financings.
領先的電動商用車製造商Centro Electric報告稱,截至2024年3月31日的第一季度淨收入約爲340萬美元,較2023年同期公佈的350萬美元略有下降。該公司本季度的淨虧損爲920萬美元,較去年的1,110萬美元淨虧損有所改善。淨收入的下降主要是由於汽車銷量的減少,但零部件銷售的增長部分抵消了這一減少。儘管淨收入下降,但該公司的汽車銷售毛利率從2023年第一季度的1.63%提高到2024年第一季度的6.34%。與去年同期相比,Centro Electric的運營支出有所減少,銷售和營銷費用下降了約29.6%,一般和管理費用下降了13.3%。但是,由於該公司繼續投資新的電動商用車車型號...展開全部
領先的電動商用車製造商Centro Electric報告稱,截至2024年3月31日的第一季度淨收入約爲340萬美元,較2023年同期公佈的350萬美元略有下降。該公司本季度的淨虧損爲920萬美元,較去年的1,110萬美元淨虧損有所改善。淨收入的下降主要是由於汽車銷量的減少,但零部件銷售的增長部分抵消了這一減少。儘管淨收入下降,但該公司的汽車銷售毛利率從2023年第一季度的1.63%提高到2024年第一季度的6.34%。與去年同期相比,Centro Electric的運營支出有所減少,銷售和營銷費用下降了約29.6%,一般和管理費用下降了13.3%。但是,由於該公司繼續投資新的電動商用車車型號和技術,該公司的研發費用增加了10.1%。Centro Electric的業務發展工作包括從2022年開始將其進入市場模式向全球Centro品牌的電動汽車中心轉型。該公司的未來計劃包括區域化關鍵市場的製造和供應鏈,擴大其渠道合作伙伴網絡,增加研發投資,以進一步發展其在汽車開發和可持續能源解決方案方面的技術。截至2024年3月31日,Cenntro Electric的營運資金約爲6,750萬美元,並計劃通過手頭現金、運營、信貸額度以及潛在的股權和債務融資爲未來的運營提供資金。

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