Cenntro | 10-Q: FY2025 Q3 Revenue: USD 4.57 M

LB filings
2025.11.12 22:07
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Revenue: As of FY2025 Q3, the actual value is USD 4.57 M.

EPS: As of FY2025 Q3, the actual value is USD -0.14.

EBIT: As of FY2025 Q3, the actual value is USD -6.761 M.

Segment Revenue

  • Net Revenues: $13,120,194 for the nine months ended September 30, 2025, compared to $25,888,046 for the same period in 2024.
  • Vehicle Sales: $12,076,351 for the nine months ended September 30, 2025, compared to $23,098,277 for the same period in 2024.
  • Spare-part Sales: $741,463 for the nine months ended September 30, 2025, compared to $2,663,456 for the same period in 2024.
  • Other Sales: $302,380 for the nine months ended September 30, 2025, compared to $126,313 for the same period in 2024.

Operational Metrics

  • Gross Profit: $405,941 for the nine months ended September 30, 2025, compared to $8,044,277 for the same period in 2024.
  • Gross Margin: 3.1% for the nine months ended September 30, 2025, compared to 31.1% for the same period in 2024.
  • Operating Expenses: $21,551,652 for the nine months ended September 30, 2025, compared to $29,597,465 for the same period in 2024.
  • Net Loss: $22,275,953 for the nine months ended September 30, 2025, compared to $27,405,605 for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: - $10,781,365 for the nine months ended September 30, 2025, compared to - $12,912,011 for the same period in 2024.
  • Net Cash Used in Investing Activities: - $582,639 for the nine months ended September 30, 2025, compared to $4,858,042 provided by investing activities for the same period in 2024.
  • Net Cash Provided by Financing Activities: $2,737,393 for the nine months ended September 30, 2025, compared to $1,243,068 for the same period in 2024.

Unique Metrics

  • Adjusted EBITDA: - $16,645,757 for the nine months ended September 30, 2025, compared to - $23,129,932 for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

  • Revenue Growth: The company plans to continue rolling out new ECV models in North America and Europe, establish local assembly facilities in the United States and the European Union, and expand the Changxing factory.
  • Cost Management: Measures to generate operating efficiency and increase inventory turns to reduce negative net cash used in operating activities.

Non-Core Business

  • Discontinued Operations: The company has restructured its European operations by phasing out the existing subsidiary-based direct sales model and implementing a centralized dealership distribution system.

Priority

  • Regional Manufacturing and Supply Chain: The company plans to regionalize the manufacturing and supply chain for certain components of its ECVs in several geographic markets, especially in North America, to reduce time in transit and other landed costs.
  • Research and Development: Continued investment in research and development to expand technology in vehicle development, driving control, cloud-based platforms, and innovations for promoting sustainable energy.
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