$CENN
Cenntro Inc.

2023 Q2 Form 10-Q Financial Statement

#000114036123039660 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q2
Revenue $4.238M $5.035M
YoY Change -15.84%
Cost Of Revenue $3.090M $4.504M
YoY Change -31.39%
Gross Profit $1.147M $531.5K
YoY Change 115.86%
Gross Profit Margin 27.07% 10.56%
Selling, General & Admin $12.03M $22.85M
YoY Change -47.37%
% of Gross Profit 1048.42% 4299.85%
Research & Development $2.143M $1.815M
YoY Change 18.11%
% of Gross Profit 186.8% 341.41%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $14.17M $24.67M
YoY Change -42.55%
Operating Profit -$13.02M -$24.14M
YoY Change -46.04%
Interest Expense $1.262K $297.8K
YoY Change -99.58%
% of Operating Profit
Other Income/Expense, Net -$1.119M $735.0K
YoY Change -252.29%
Pretax Income -$14.05M -$23.10M
YoY Change -39.18%
Income Tax $25.47K -$48.86K
% Of Pretax Income
Net Earnings -$14.07M -$22.38M
YoY Change -37.12%
Net Earnings / Revenue -332.14% -444.53%
Basic Earnings Per Share -$0.46
Diluted Earnings Per Share -$0.05 -$85.68K
COMMON SHARES
Basic Shares Outstanding 304.4M
Diluted Shares Outstanding 30.44M

Balance Sheet

Concept 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.39M $183.0M
YoY Change -66.99%
Cash & Equivalents $60.39M $183.0M
Short-Term Investments
Other Short-Term Assets $840.5K $8.884M
YoY Change -90.54%
Inventory $41.80M $20.92M
Prepaid Expenses
Receivables $2.646M $2.516M
Other Receivables $212.3K $7.446M
Total Short-Term Assets $123.5M $222.7M
YoY Change -44.56%
LONG-TERM ASSETS
Property, Plant & Equipment $18.51M $10.20M
YoY Change 81.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.960M $428.4K
YoY Change 1057.63%
Other Assets $2.232M $11.10M
YoY Change -79.89%
Total Long-Term Assets $82.56M $41.02M
YoY Change 101.28%
TOTAL ASSETS
Total Short-Term Assets $123.5M $222.7M
Total Long-Term Assets $82.56M $41.02M
Total Assets $206.0M $263.7M
YoY Change -21.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.364M $2.740M
YoY Change 22.8%
Accrued Expenses $7.848M $4.861M
YoY Change 61.46%
Deferred Revenue $3.315M
YoY Change
Short-Term Debt $11.90M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.53M $15.98M
YoY Change 66.01%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $32.63M $7.179M
YoY Change 354.55%
Total Long-Term Liabilities $32.63M $7.179M
YoY Change 354.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.53M $15.98M
Total Long-Term Liabilities $32.63M $7.179M
Total Liabilities $59.16M $25.00M
YoY Change 136.58%
SHAREHOLDERS EQUITY
Retained Earnings -$244.9M
YoY Change
Common Stock $399.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $146.9M $238.7M
YoY Change
Total Liabilities & Shareholders Equity $206.0M $263.7M
YoY Change -21.88%

Cashflow Statement

Concept 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income -$14.07M -$22.38M
YoY Change -37.12%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$18.14M -$29.07M
YoY Change -37.6%
INVESTING ACTIVITIES
Capital Expenditures $4.430M -$9.406M
YoY Change -147.1%
Acquisitions
YoY Change
Other Investing Activities -$60.00K -$7.706M
YoY Change -99.22%
Cash From Investing Activities -$4.500M -$17.11M
YoY Change -73.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.000M -30.96M
YoY Change -80.62%
NET CHANGE
Cash From Operating Activities -18.14M -29.07M
Cash From Investing Activities -4.500M -17.11M
Cash From Financing Activities -6.000M -30.96M
Net Change In Cash -28.64M -77.14M
YoY Change -62.87%
FREE CASH FLOW
Cash From Operating Activities -$18.14M -$29.07M
Capital Expenditures $4.430M -$9.406M
Free Cash Flow -$22.57M -$19.66M
YoY Change 14.77%

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