Cenntro Inc. (CENN)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Net revenues | 6,406,918 | 2,143,058 | 16,731,340 | 8,320,492 |
| Cost of goods sold | 6,425,822 | 1,821,531 | 12,688,393 | 7,095,622 |
| Gross (loss) profit | -18,904 | 321,527 | 4,042,947 | 1,224,870 |
| Selling and marketing expenses | 227,580 | 776,717 | 5,027,864 | 1,306,678 |
| Research and development expenses | 648,861 | 784,178 | 1,476,684 | 1,087,639 |
| Provision for credit losses | 2,035,343 | - | - | - |
| General and administrative expenses | 5,167,754 | 4,934,168 | 7,934,755 | 7,649,940 |
| Total operating expenses | 8,079,538 | 6,495,063 | 14,439,303 | 10,044,257 |
| Loss from operations | -8,098,442 | -6,173,536 | -10,396,356 | -8,819,387 |
| Interest expense, net | 156,396 | - | - | - |
| Loss from note amendment | -1,756,137 | - | - | - |
| Gain from early termination of lease contract | - | 1,138 | - | - |
| Foreign currency exchange gain (loss), net | 567,141 | 404,191 | 1,838,505 | -370,462 |
| Change in fair value of equity securities | 259,565 | 256,712 | 262,417 | 259,564 |
| Gain from disposal of cenntro electric cics, srls equity | 1,157,556 | - | - | - |
| Loss from acquisition of hezhe | - | - | - | - |
| Gain (loss) from long-term investments | 3 | -39 | - | - |
| Gain (loss) from cross-currency swaps | 26,445 | -36,140 | - | - |
| Change in fair value of convertible promissory notes and derivative liability | -134,161 | -3,129 | -6,724 | 9,237 |
| Other (expense) income, net | -70,378 | 295,592 | -646,718 | -21,834 |
| Interest (expense) income, net | - | -118,688 | - | - |
| Gain(loss) on exercise of warrants | - | - | 910 | - |
| Gain (loss) on derivative instruments, net, pretax | - | - | -705 | -4,346 |
| Loss from long-term investment | - | - | -11,152 | -3,590 |
| Interest expense, operating and nonoperating | - | - | 34,198 | 97,788 |
| Loss from acquisition of hezhe | - | - | - | 149,872 |
| Net loss from continuing operations before taxes | -8,204,804 | -5,373,899 | -8,994,021 | -9,198,478 |
| Income tax benefit | -15,408 | -11,632 | -12,434 | -4,683 |
| Net loss from continuing operations | -8,189,396 | -5,362,267 | - | - |
| Loss from discontinued operations, net of tax | -1,705,812 | -303,390 | - | - |
| Net loss | -9,895,208 | -5,665,657 | -8,981,587 | -9,193,795 |
| Less net loss attributable to non-controlling interests | -5,871 | -11,321 | -9,815 | -10,968 |
| Net loss attributable to the companys shareholders | -9,889,337 | -5,654,336 | -8,971,772 | -9,182,827 |
| Net loss per common share, basic (in dollars per share) | -0.27 | -0.18 | -0.29 | -0.3 |
| Net loss per common share, diluted (in dollars per share) | -0.27 | -0.18 | -0.29 | -0.3 |
| Weighted average number of shares outstanding, basic (in shares) | 36,398,582 | 30,866,614 | 30,841,106 | 30,828,795 |
| Weighted average number of shares outstanding, diluted (in shares) | 36,398,582 | 30,866,614 | 30,841,106 | 30,828,795 |