For the quarter ending 2025-09-30, CENN made $4,570,218 in revenue. -$6,706,291 in net income. Net profit margin of -146.74%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net revenues | 4,570,218 | 6,406,918 | 2,143,058 | 3,122,780.5 |
| Cost of goods sold | 4,466,900 | 6,425,822 | 1,821,531 | 1,952,415.5 |
| Gross profit | 103,318 | -18,904 | 321,527 | 1,170,365 |
| Impairment of goodwill | - | - | - | 52,282.5 |
| Selling and marketing expenses | 811,999 | 227,580 | 776,717 | 515,068 |
| General and administrative expenses | 4,091,359 | 5,167,754 | 4,934,168 | 5,368,319 |
| Research and development expenses | 518,852 | 648,861 | 784,178 | 1,298,240 |
| Provision for credit losses | 1,554,841 | 2,035,343 | - | 98,468.25 |
| Total operating expenses | 6,977,051 | 8,079,538 | 6,495,063 | 7,483,128.5 |
| Loss from operations | -6,873,733 | -8,098,442 | -6,173,536 | -6,312,763.5 |
| Interest expense, net | 112,706 | 156,396 | - | - |
| Loss from long-term investments | -26 | 3 | -39 | -74,943 |
| Change in fair value of convertible promissory notes and derivative liability | 421,038 | -134,161 | -3,129 | 2,340.5 |
| Interest (expense) income, net | - | - | -118,688 | -45,915.5 |
| Loss from note amendment | 0 | -1,756,137 | - | - |
| Loss from early termination of lease contract | -538,317 | 0 | 1,138 | -554,530 |
| Change in fair value of equity securities | 262,416 | 259,565 | 256,712 | 248,652 |
| Foreign currency exchange gain, net | 242,904 | 567,141 | 404,191 | -711,781 |
| Loss from acquisition of hezhe | 0 | 0 | - | - |
| Loss from acquisition in relation to the revaluation of the previously held equity interest | - | - | - | -99,914.667 |
| Gain from disposal of cenntro electric cics, srls equity | 0 | 1,157,556 | - | - |
| Gain (loss) from cross-currency swaps | 4,401 | 26,445 | -36,140 | -2,365.75 |
| Gain on exercise of warrants | 0 | - | - | -3.333 |
| Other income (expense), net | 200,566 | -70,378 | 295,592 | 75,201 |
| Net loss from continuing operations before taxes | -6,393,457 | -8,204,804 | -5,373,899 | -7,977,975 |
| Income tax benefit | -12,969 | -15,408 | -11,632 | -9,203.5 |
| Net loss from continuing operations | -6,380,488 | -8,189,396 | -5,362,267 | -8,528,231.25 |
| Loss from discontinued operations, net of tax | -334,600 | -1,705,812 | -303,390 | -2,698,923 |
| Net loss | -6,715,088 | -9,895,208 | -5,665,657 | -13,366,617.5 |
| Less net loss attributable to non-controlling interests | -8,797 | -5,871 | -11,321 | -10,510.5 |
| Net loss attributable to the companys shareholders | -6,706,291 | -9,889,337 | -5,654,336 | -13,356,107 |
| Net loss per common share, basic (in dollars per share) | -0.14 | -0.27 | -0.18 | -0.43 |
| Net loss per common share, diluted (in dollars per share) | -0.14 | -0.27 | -0.18 | -0.43 |
| Weighted average number of shares outstanding, basic (in shares) | 51,217,179 | 36,398,582 | 30,866,614 | -15,414,252.5 |
| Weighted average number of shares outstanding, diluted (in shares) | 51,217,179 | 36,398,582 | 30,866,614 | -15,414,252.5 |
Cenntro Inc. (CENN)
Cenntro Inc. (CENN)