$CENN
Cenntro Inc. Stock $cenn

$cenn Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000114036124026231 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$8.320M	$3.392M	$3.471M
YoY Change	96.35%	-2.26%	89.58%
Cost Of Revenue	$7.096M	$3.378M	$3.276M
YoY Change	129.61%	3.11%	123.21%
Gross Profit	$1.225M	$14.27K	$194.7K
YoY Change	6.77%	-92.67%	-46.36%
Gross Profit Margin	14.72%	0.42%	5.61%
Selling, General & Admin	$8.957M	$7.678M	$9.227M
YoY Change	-25.54%	-16.79%	-0.86%
% of Gross Profit	731.23%	53801.13%	4738.24%
Research & Development	$1.088M	$1.728M	$1.570M
YoY Change	-49.25%	10.06%	269.08%
% of Gross Profit	88.8%	12107.28%	806.16%
Depreciation & Amortization		$385.1K	$305.3K
YoY Change		26.17%	122.65%
% of Gross Profit		2698.79%	156.75%
Operating Expenses	$10.04M	$9.406M	$10.80M
YoY Change	-29.12%	-12.89%	10.94%
Operating Profit	-$8.819M	-$9.392M	-$10.60M
YoY Change	-32.28%	-11.42%	13.16%
Interest Expense	$97.79K	-$73.24K	$491.4K
YoY Change	7648.65%	-114.91%	665.36%
% of Operating Profit
Other Income/Expense, Net	-$21.83K	$190.6K	$143.2K
YoY Change	-98.05%	33.12%	-390.85%
Pretax Income	-$9.198M	-$9.260M	-$11.11M
YoY Change	-34.54%	-16.68%	18.89%
Income Tax	-$4.683K	-$30.03K	$0.00
% Of Pretax Income
Net Earnings	-$9.183M	-$9.230M	-$10.96M
YoY Change	-34.76%	-15.77%	17.68%
Net Earnings / Revenue	-110.36%	-272.12%	-315.74%
Basic Earnings Per Share	-$0.30	-$0.30	-$0.36
Diluted Earnings Per Share	-$0.30	-$0.30	-$0.04
COMMON SHARES
Basic Shares Outstanding	30.83M	30.83M	30.31M
Diluted Shares Outstanding	30.83M	30.83M	30.31M

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$20.37M	$24.44M	$91.85M
YoY Change	-66.26%	-73.39%
Cash & Equivalents	$16.23M	$20.26M	$91.85M
Short-Term Investments	$4.144M	$4.181M
Other Short-Term Assets	$831.1K	$869.1K	$10.55M
YoY Change	-1.13%	-91.76%
Inventory	$41.27M	$43.77M	$36.55M
Prepaid Expenses
Receivables	$7.871M	$4.577M	$2.733M
Other Receivables	$173.6K	$270.3K	$5.502M
Total Short-Term Assets	$91.59M	$94.73M	$147.2M
YoY Change	-25.84%	-35.63%
LONG-TERM ASSETS
Property, Plant & Equipment	$20.08M	$20.20M	$31.13M
YoY Change	8.47%	-35.13%
Goodwill	$216.4K	$218.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments	$4.254M	$4.580M	$35.65M
YoY Change	-14.22%	-87.15%
Other Assets	$1.454M	$2.134M	$2.550M
YoY Change	-34.84%	-16.32%
Total Long-Term Assets	$76.17M	$78.30M	$73.89M
YoY Change	-7.74%	5.97%
TOTAL ASSETS
Total Short-Term Assets	$91.59M	$94.73M	$147.2M
Total Long-Term Assets	$76.17M	$78.30M	$73.89M
Total Assets	$167.8M	$173.0M	$221.1M
YoY Change	-18.59%	-21.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.630M	$6.558M	$2.899M
YoY Change	97.08%	126.21%
Accrued Expenses			$6.448M
YoY Change
Deferred Revenue	$5.476M	$2.664M	$2.656M
YoY Change	65.21%	0.3%
Short-Term Debt			$17.90M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$30.94M	$27.24M	$30.01M
YoY Change	16.64%	-9.24%
LONG-TERM LIABILITIES
Long-Term Debt	$366.6K		$0.00
YoY Change
Other Long-Term Liabilities			$28.53M
YoY Change
Total Long-Term Liabilities	$32.81M	$33.26M	$28.53M
YoY Change	0.54%	16.59%
TOTAL LIABILITIES
Total Short-Term Liabilities	$30.94M	$27.24M	$30.01M
Total Long-Term Liabilities	$32.81M	$33.26M	$28.53M
Total Liabilities	$63.75M	$60.50M	$58.54M
YoY Change	7.76%	3.35%
SHAREHOLDERS EQUITY
Retained Earnings	-$292.4M	-$283.3M	-$230.8M
YoY Change	19.43%	22.74%
Common Stock	$404.1M	$403.2M	$398.3M
YoY Change	1.15%	1.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$103.8M	$112.5M	$162.5M
YoY Change
Total Liabilities & Shareholders Equity	$167.8M	$173.0M	$221.1M
YoY Change	-18.59%	-21.73%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$9.183M	-$9.230M	-$10.96M
YoY Change	-34.76%	-15.77%	17.68%
Depreciation, Depletion And Amortization		$385.1K	$305.3K
YoY Change		26.17%	122.65%
Cash From Operating Activities		-$8.865M	-$17.36M
YoY Change		-48.94%	-26.07%
INVESTING ACTIVITIES
Capital Expenditures		$327.6K	$2.577M
YoY Change		-87.29%	3012.71%
Acquisitions
YoY Change
Other Investing Activities			-$2.650M
YoY Change			-31.88%
Cash From Investing Activities		$306.8K	-$5.494M
YoY Change		-105.58%	38.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		0.000	-39.58M
YoY Change		-100.0%	30.92%
NET CHANGE
Cash From Operating Activities		-8.865M	-17.36M
Cash From Investing Activities		306.8K	-5.494M
Cash From Financing Activities		0.000	-39.58M
Net Change In Cash		-8.987M	-62.16M
YoY Change		-85.54%	7.92%
FREE CASH FLOW
Cash From Operating Activities		-$8.865M	-$17.36M
Capital Expenditures		$327.6K	$2.577M
Free Cash Flow		-$9.192M	-$19.94M
YoY Change		-53.9%	-15.4%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001707919
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CY2023Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1
CY2023Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1
CY2023Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1
CY2023Q4	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	0.1
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CY2023Q1	cenn	Interest On Equity Method Investments InterestOnEquityMethodInvestments	0
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CY2024Q1	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityCurrent
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OperatingLeaseLiabilityNoncurrent
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CY2024Q1	us-gaap	Interest Income Operating Related Party Type Extensible Enumeration InterestIncomeOperatingRelatedPartyTypeExtensibleEnumeration	http://fasb.org/us-gaap/2023#InterestIncomeOperating
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
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CY2023Q4	cenn	Property Plant And Equipment Gross Including Impairment PropertyPlantAndEquipmentGrossIncludingImpairment	26089279
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4982402
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	4677524
CY2024Q1	cenn	Impairment Of Property Plant And Equipment ImpairmentOfPropertyPlantAndEquipment	985483
CY2023Q4	cenn	Impairment Of Property Plant And Equipment ImpairmentOfPropertyPlantAndEquipment	1010234
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	20195719
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	20401521
CY2024Q1	us-gaap	Depreciation Depreciation	385144
CY2023Q1	us-gaap	Depreciation Depreciation	305262
CY2023Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	24369
CY2024Q1	cenn	Lessee Operating Lease Liability Payments Due After Year Four LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour	5781298
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	23708740
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	3930241
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	19778499
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4471010
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	15307489
CY2024Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	7113717
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	7246655
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	470666
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	372874
CY2024Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6643051
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6873781
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	105397
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	25370
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-30032
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9260255
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-11113977
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	1295426
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	671313
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	112457
CY2023Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost	268721
CY2024Q1	us-gaap	Lease Cost LeaseCost	1407883
CY2023Q1	us-gaap	Lease Cost LeaseCost	940034
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	1178716
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	671109
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y7D
CY2023Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P7Y3M3D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0632
CY2023Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0541
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	3597094
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	4003959
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	4050927
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	4099617
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	2175845
CY2024Q1	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	24733336
CY2024Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	1.61
CY2024Q1	cenn	Warrants Exercisable Issuance Term WarrantsExercisableIssuanceTerm	P5Y
CY2024Q1	cenn	Number Of Warrants NumberOfWarrants	2
CY2022Q3	cenn	Number Of Complaint Causes In Contract And Tort Against Defendants NumberOfComplaintCausesInContractAndTortAgainstDefendants	11
CY2022Q3	cenn	Number Of Contract Claims NumberOfContractClaims	4
CY2022Q3	cenn	Number Of Tort Claims NumberOfTortClaims	7
CY2022Q3	us-gaap	Loss Contingency Damages Paid Value LossContingencyDamagesPaidValue	19000000
CY2024Q1	cenn	Period To Amend Complaint PeriodToAmendComplaint	P30D
CY2024Q1	cenn	Number Of Civil Litigation Cases Withdrawn NumberOfCivilLitigationCasesWithdrawn	2
CY2024Q1	cenn	Loss Contingency Payment For Outstanding Amount LossContingencyPaymentForOutstandingAmount	1767516.91
CY2024Q1	cenn	Payment For Outstanding Invoices PaymentForOutstandingInvoices	3289500
CY2024Q1	cenn	Percentage Of Direct Or Indirect Economic Interest PercentageOfDirectOrIndirectEconomicInterest	0.01
CY2024Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	270262
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	287439
CY2024Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	0
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	10468
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false

Files In Submission

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cenn-20240331.xsd	Edgar Link	pending
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report.css	Edgar Link	pending
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$CENN
Cenntro Inc. Stock $cenn

2024 Q2 Form 10-Q Financial Statement

#000114036124026231 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CENN Cenntro Inc. Stock $cenn

2024 Q2 Form 10-Q Financial Statement

#000114036124026231 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CENN
Cenntro Inc. Stock $cenn