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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenue $ 8,183 $ 9,385 $ 13,837 $ 11,615
Total cost of revenue 7,494 9,875 13,267 12,968
Gross (loss) profit 689 (490) 570 (1,353)
Operating expenses:        
Selling, general and administrative expenses 23,626 33,783 65,736 64,817
Research and development expense 3,408 680 8,033 1,694
Asset impairments 3,197 320 37,984 402
Depreciation and amortization 5,651 1,773 9,889 2,548
Other general expenses 0 0 (12,596) (131)
Total operating expenses 35,882 36,556 109,046 69,330
Loss from operations (35,193) (37,046) (108,476) (70,683)
Interest and other income (expense):        
Interest income 151 827 479 1,583
Interest expense (942) (488) (2,265) (1,067)
Gain on remeasurement of investment 0 0 0 10,965
Loss on disposal of investment 0 (41) 0 (188)
Other income, net 1,184 431 2,067 585
Loss before income taxes (34,800) (36,317) (108,195) (58,805)
Income tax benefit 467 124 3,382 339
Impairment of and equity in loss of equity method investees 0 (589) 0 (1,928)
Net loss from continuing operations (34,333) (36,782) (104,813) (60,394)
Loss from discontinued operations, net of tax (2,756) (2,491) (18,168) (7,970)
Net loss (37,089) (39,273) (122,981) (68,364)
Net loss attributable to non-controlling interest 1,592 1,506 3,167 2,086
Net loss attributable to Ideanomics, Inc. common shareholders $ (35,497) $ (37,767) $ (119,814) $ (66,278)
Basic, loss per share from continuing operations (in dollars per share) $ (3.19) $ (8.86) $ (12.59) $ (14.65)
Diluted, loss per share from continuing operations (in dollars per share) (3.19) (8.86) (12.59) (14.65)
Basic, loss per share from discontinued operations (in dollars per share) (0.27) (0.63)   (2.00)
Diluted, loss per share from discontinued operations (in dollars per share) (0.27) (0.63)   (2.00)
Basic loss per share (in dollars per share) (3.46) (9.49) (14.84) (16.65)
Diluted loss per share (in dollars per share) $ (3.46) $ (9.49) $ (14.84) $ (16.65)
Weighted average shares outstanding:        
Basic (in shares) 10,271,290 3,982,340 8,071,870 3,980,619
Diluted (in shares) 10,271,290 3,982,340 8,071,870 3,980,619
Sale of products        
Total revenue $ 7,828 $ 8,888 $ 12,964 $ 10,529
Total cost of revenue 6,298 9,438 11,979 12,005
Sale of services        
Total revenue 349 418 429 953
Total cost of revenue 577 356 465 832
Other revenue        
Total revenue 6 79 444 133
Total cost of revenue $ 619 $ 81 $ 823 $ 131