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Cenntro Reports Q1 2025 Financial Results: Revenue Down 8.5%, Vehicle Sales Up 34%
ByAinvest
Saturday, May 17, 2025 12:17 pm ET1min read
Cenntro Inc. reported a 34% increase in electric commercial vehicle sales in Q1 2025, with 129 vehicles sold. Net revenue decreased by 8.5% to $2.1 million, while adjusted EBITDA improved to a loss of $4.0 million. The company secured significant orders from QEV Technologies in Spain and for customized vehicles in the Japanese market, and aims to expand its production and service infrastructure in the US.
Cenntro Inc. (NASDAQ: CENN) reported a significant increase in electric commercial vehicle sales in the first quarter of 2025. The company sold 129 vehicles, marking a 34% rise compared to the same period last year. This growth is driven by strong demand for electric vehicles, particularly in the commercial sector.However, net revenue decreased by 8.5% to $2.1 million, reflecting the challenges faced by the company in balancing growth and profitability. Adjusted EBITDA improved to a loss of $4.0 million, indicating a narrowing of the company's operating losses.
Cenntro Inc. secured substantial orders from QEV Technologies in Spain and for customized vehicles in the Japanese market. The company aims to expand its production and service infrastructure in the US to meet the growing demand for electric commercial vehicles.
The company's stock price has been volatile, with a 15.02% gain since May 7, 2025. On May 16, the stock price fell by 0.99% to $1.00, marking a day low at $0.98 and a day high at $1.05. The stock is currently trading within a wide and horizontal trend, with a predicted range of $0.668 to $1.06 by the end of the three-month period [1].
Technical indicators suggest a potential buy signal for Cenntro Electric stock. The company's stock is supported by both short and long-term moving averages, with a general buy signal from the relation between the two. However, the stock is overbought on the RSI14, indicating a possible short-term selling opportunity [1].
Cenntro Inc. is expected to release its earnings on Wednesday, May 21, 2025. The company's stock price is predicted to open at $1.01 on May 19, 2025, with a possible swing of up to 8.89% on the first trading day after the earnings release [1].
References:
[1] https://stockinvest.us/stock/CENN
[2] https://quantisnow.com/company/CENN
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