#CENN #CENNTRO -
$CENN
Quarterly Report | 10-Q ๐ฝ
x.com/_X_Alex_/status/195536โฆ
For the quarterly period ended:
Jun 31, 2025 (Q2)
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Entity Common Stock,
Shares Outstanding:
Aug. 11, 2025 - 51,912,831
( ) - 21,046,217
May 15, 2025 - 30,866,614
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3 Months Ended Jun 30, 2025
Net revenues -$6,406,918
Cost of goods sold - $6,425,822
Gross ((LOSS)) Profit -$18,904
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Cash & Cash equivalents
Jun 30, 2025 -$5,992,986
-) $2,543,728
Mar 31, 2025 -$8,536,714
-) $4,010,454
Dec 31, 2024 -$12,547,168
-) $16,244,887
Dec 31, 2023 -$28,792,055
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ECVs & iChassis Sold
For the quarterly period ended:
Jun 30, 2025 (Q2) Cenntro Sold:
430 ECVs & 29 iChassis
191 Avantier
69 Logistar 450
56 Logistar 100
53 Clubcar
21 Logistar 200
16 Seres 5
10 Metro
7 Antric
5 Logistar 210
1 Teemak
1 Logistar 400
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Cenntro. reported Q2 2025
revenue of $6.4 million, down 12.4%
year-over-year, with vehicle sales
accounting for 94.9% of total
revenue. Cenntro sold 430
ECVs during the quarter,
Gross margin turned negative at
-0.3% compared to 21.6% in Q2
2024, primarily due to lower vehicle
sales margins.
Operating expenses decreased to
$8.1 million from $8.7 million in Q2
2024, driven by reduced selling,
marketing and R&D costs. The
company recorded a net loss of $9.9
million compared to $9.2 million loss
last year. Cash and equivalents stood
at $6.0 million as of June 30, 2025,
down from $12.5 million at year-end
2024.
Cenntro is implementing a
strategic shift in European
operations, moving from direct sales
to a centralized dealership
distribution model. Management
expects this transition to improve
operational efficiency and reduce
costs, while maintaining focus on
core markets in North America and
Asia. The company continues to
invest in new ECV models and
expanding its technology
capabilities.