Cenntro Q2 2024 Earnings Report

Cenntro EPS Results

• Actual EPS: -$18.00
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Cenntro Revenue Results

• Actual Revenue: $8.32 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Cenntro Announcement Details

• Quarter: Q2 2024
• Date: 8/13/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Cenntro (NASDAQ:CENN) Electric Group, Inc. (NASDAQ:CENN) is a manufacturer and distributor of electric commercial vehicles, specializing in purpose-built solutions for urban logistics, passenger transport and industrial applications. The company’s product portfolio is anchored by its CF1 series light‐duty electric truck platform, offering zero‐emission alternatives to traditional internal combustion engines. In addition to its core truck lineup, Cenntro develops electric passenger shuttles, utility vehicles and specialty platforms tailored to customer requirements across multiple sectors.

Beyond vehicle production, Cenntro provides end‐to‐end services including battery management, telematics integration and ongoing fleet support. Its batteries utilize lithium-ion technology, and its proprietary software suite enables remote monitoring, route optimization and predictive maintenance. The company complements its manufacturing capabilities with after-sales service centers and authorized maintenance partners, ensuring uptime and reliability for commercial operators.

Cenntro maintains global operations, with a manufacturing facility in Suzhou, China and corporate offices in North America and Europe. The company distributes its vehicles through a network of regional dealers and direct sales teams, serving markets in the United States, Canada, select European countries and Asia Pacific. Under the leadership of Chief Executive Officer Sammi Rotibi, Cenntro pursues strategic partnerships and technology collaborations to expand its footprint in the electrification of last-mile delivery and urban mobility.