Cenntro Inc. Announces Fourth Quarter and Full Year 2023 Financial Results
Cenntro Inc. (CENN)
Company Research
Source: Business Wire
Q4 2023 Net Revenue Increased 376% to $8.6 millionQ4 Number of Vehicles Sold Increased by 148% to 1,135 VehiclesQ4 Gross Profit Margin Increased 2,500 bps to 2.3% from a loss of -22.7% FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Inc. (NASDAQ: CENN) (“Cenntro” or “the Company”), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, has reported its financial and operational results for the fourth quarter and full year ended December 31, 2023.Fourth Quarter 2023 Financial and Operating HighlightsFourth Quarter 2023 Net revenue of $8.6 million increased 376% year over year.Sales volume increased by 827% year over year and 58.7% sequentially quarter over quarter to 473 vehicles.Adjusted EBITDA for the quarter is a loss of $13.7 million compared to a loss of $18.3 million for Q4 2022.Full Year 2023 Net revenue of $22.1 million increased 147% year over year.Sales volume increased by 148% year over year to 1,135 vehicles.Adjusted EBITDA f
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CENN
Sec Filings
- 6/7/24 - Form 8-K
- 5/15/24 - Form 10-Q
- 4/5/24 - Form 8-K
- CENN's page on the SEC website