Cenntro Inc. (CENN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
501 OKERSON ROAD FREEHOLD, NJ 07728 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,383 | 24,451 | 33,612 | 44,645 | 60,390 | 91,848 | |||
| Cash and cash equivalents | 16,229 | 20,256 | 29,376 | 44,645 | 60,390 | 91,848 | |||
| Short-term investments | 4,154 | 4,195 | 4,237 | ||||||
| Restricted cash and investments | 198 | 329 | 196 | 198 | 92 | 92 | |||
| Receivables | 8,045 | 4,847 | 6,818 | 4,856 | 2,859 | 3,076 | |||
| Inventory, net of allowances, customer advances and progress billings | 41,272 | 43,769 | 43,910 | 43,082 | 41,799 | 36,547 | |||
| Inventory | 41,272 | 43,769 | 43,910 | 43,082 | 41,799 | 36,547 | |||
| Prepaid expense | 20,857 | 20,468 | 18,818 | 15,405 | 16,754 | 14,085 | |||
| Deferred costs | 14 | 10 | 20 | ||||||
| Derivative instruments and hedges, assets | 10 | ||||||||
| Other current assets | 831 | 869 | 574 | 524 | 841 | 729 | |||
| Other undisclosed current assets | (10) | 1,000 | 1,432 | 746 | 782 | ||||
| Total current assets: | 91,585 | 94,733 | 104,927 | 110,156 | 123,490 | 147,180 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 17,591 | 18,711 | 20,040 | 20,679 | 19,735 | 13,865 | |||
| Property, plant and equipment | 20,076 | 20,196 | 20,402 | 20,132 | 18,509 | 17,265 | |||
| Long-term investments and receivables | 30,334 | 30,400 | 30,844 | 32,151 | 35,432 | 35,652 | |||
| Long-term investments | 30,334 | 30,400 | 30,844 | 32,151 | 35,432 | 35,652 | |||
| Intangible assets, net (including goodwill) | 6,711 | 6,861 | 7,097 | 6,385 | 6,439 | 4,558 | |||
| Goodwill | 216 | 218 | 223 | ||||||
| Intangible assets, net (excluding goodwill) | 6,495 | 6,643 | 6,874 | 6,385 | 6,439 | 4,558 | |||
| Deferred costs | 207 | 208 | 243 | ||||||
| Other noncurrent assets | 1,454 | 2,134 | 2,228 | 2,153 | 2,232 | 2,307 | |||
| Total noncurrent assets: | 76,166 | 78,302 | 80,611 | 81,707 | 82,556 | 73,890 | |||
| TOTAL ASSETS: | 167,752 | 173,035 | 185,538 | 191,863 | 206,046 | 221,070 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,630 | 6,558 | 7,487 | 4,843 | 3,364 | 2,899 | |||
| Accounts payable | 6,630 | 6,558 | 6,798 | 4,843 | 3,364 | 2,899 | |||
| Accrued liabilities | 690 | ||||||||
| Deferred revenue | 5,582 | 2,771 | 3,503 | 3,137 | 3,368 | 2,712 | |||
| Debt | 10,046 | 9,958 | 9,956 | 9,954 | 11,904 | 17,903 | |||
| Estimated litigation liability | 26 | 26 | 27 | ||||||
| Other liabilities | 10 | 38 | 41 | 47 | |||||
| Other undisclosed current liabilities | 8,654 | 7,924 | 8,316 | 8,212 | 7,848 | 6,448 | |||
| Total current liabilities: | 30,938 | 27,237 | 29,299 | 26,184 | 26,525 | 30,009 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 367 | ||||||||
| Long-term debt, excluding current maturities | 367 | ||||||||
| Liabilities, other than long-term debt | 16,597 | 17,403 | 18,499 | 18,023 | 16,969 | 12,677 | |||
| Deferred revenue | 1,832 | 1,871 | 1,930 | 949 | 968 | 1,036 | |||
| Estimated litigation liability | 223 | 224 | 230 | ||||||
| Operating lease, liability | 14,542 | 15,307 | 16,340 | 17,074 | 16,001 | 11,640 | |||
| Other undisclosed noncurrent liabilities | 15,844 | 15,855 | 15,874 | 15,647 | 15,662 | 15,850 | |||
| Total noncurrent liabilities: | 32,807 | 33,258 | 34,374 | 33,670 | 32,631 | 28,526 | |||
| Total liabilities: | 63,745 | 60,495 | 63,673 | 59,853 | 59,157 | 58,536 | |||
| Equity | |||||||||
| Equity, attributable to parent | 103,849 | 112,544 | 121,869 | 132,011 | 146,891 | 162,535 | |||
| Additional paid in capital | 404,111 | 403,244 | 402,337 | 401,672 | 399,517 | 398,262 | |||
| Accumulated other comprehensive loss | (7,825) | (7,446) | (6,444) | (8,701) | (7,770) | (4,945) | |||
| Accumulated deficit | (292,436) | (283,254) | (274,024) | (260,959) | (244,857) | (230,782) | |||
| Equity, attributable to noncontrolling interest | 157 | (4) | (4) | (2) | (2) | ||||
| Total equity: | 104,006 | 112,540 | 121,865 | 132,009 | 146,889 | 162,535 | |||
| TOTAL LIABILITIES AND EQUITY: | 167,752 | 173,035 | 185,538 | 191,863 | 206,046 | 221,070 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,320 | 3,392 | 8,609 | 5,763 | 4,238 | 3,471 | ||
| Gain (loss) on disposition of assets for financial service operations | 260 | 235 | (1,880) | 60 | 653 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (7,096) | (3,378) | (8,410) | (5,045) | (3,090) | (3,276) | ||
| Gross profit: | 1,225 | 14 | 199 | 717 | 1,147 | 195 | ||
| Operating expenses | (10,044) | (9,406) | (14,236) | (13,334) | (14,171) | (10,797) | ||
| Operating loss: | (8,819) | (9,392) | (14,038) | (12,616) | (13,024) | (10,602) | ||
| Nonoperating income (expense) | (397) | 197 | 2,661 | (114) | (1,128) | (769) | ||
| Investment income, nonoperating | (4) | 6 | 1,166 | (3) | (9) | (1,127) | ||
| Gain (loss), foreign currency transaction, before tax | (370) | |||||||
| Other nonoperating income (expense) | (22) | 191 | 1,495 | (112) | (1,119) | 358 | ||
| Interest and debt expense | 73 | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 402 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (9,216) | (9,122) | (10,975) | (12,731) | (14,152) | (11,371) | ||
| Loss from equity method investments | (4) | (14) | (1,141) | (107) | (149) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | 21 | (125) | (967) | (3,266) | 249 | 257 | ||
| Loss from continuing operations before income taxes: | (9,198) | (9,260) | (13,083) | (16,104) | (14,052) | (11,114) | ||
| Income tax expense (benefit) | 5 | 30 | 16 | 0 | (25) | |||
| Net loss: | (9,194) | (9,230) | (13,066) | (16,103) | (14,077) | (11,114) | ||
| Net income attributable to noncontrolling interest | 11 | 0 | 2 | 1 | 3 | 156 | ||
| Net loss available to common stockholders, diluted: | (9,183) | (9,230) | (13,064) | (16,103) | (14,074) | (10,958) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,194) | (9,230) | (13,066) | (16,103) | (14,077) | (11,114) | ||
| Other undisclosed comprehensive income (loss) | (376) | (1,001) | 2,257 | (931) | (2,825) | 337 | ||
| Comprehensive loss: | (9,570) | (10,231) | (10,809) | (17,035) | (16,902) | (10,777) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 8 | 0 | 2 | 1 | 3 | 181 | ||
| Comprehensive loss, net of tax, attributable to parent: | (9,562) | (10,231) | (10,807) | (17,034) | (16,899) | (10,596) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.