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CENN

Cenntro Electric Group Limited

CENN

Cenntro Electric Group Limited • NASDAQ
$0.17 ▲ 0.84% (+0.00)
Market Cap $8.70 M
52w High $1.33
52w Low $0.13
Dividend Yield 0%
P/E -0.18
Volume 1.39M
Outstanding Shares 51.91M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.57M ▼ $6.977M ▼ $-6.706M ▲ -146.739% ▲ $-0.14 ▲ $-5.724M ▲
Q2-2025 $6.407M ▲ $8.08M ▲ $-9.889M ▼ -154.354% ▲ $-0.27 ▼ $-8.048M ▼
Q1-2025 $2.143M ▼ $6.495M ▼ $-5.654M ▲ -263.844% ▲ $-0.18 ▲ $-5.623M ▲
Q4-2024 $4.908M ▼ $8.269M ▼ $-17.482M ▼ -356.173% ▼ $-0.57 ▼ $-5.836M ▲
Q3-2024 $16.731M $14.439M $-8.972M -53.623% $-0.29 $-8.96M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.536M ▼ $112.71M ▼ $36.567M ▼ $76.032M ▼
Q2-2025 $5.993M ▼ $124.399M ▼ $44.652M ▼ $79.628M ▲
Q1-2025 $8.537M ▼ $129.342M ▼ $55.91M ▲ $73.321M ▼
Q4-2024 $12.547M ▼ $132.566M ▼ $54.607M ▼ $77.837M ▼
Q3-2024 $21.832M $159.835M $62.975M $96.708M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-6.372M ▲ $-1.414M ▲ $20.536K ▲ $-209.077K ▼ $-1.551M ▲ $-1.511M ▲
Q2-2025 $-9.889M ▼ $-4.406M ▲ $-101.508K ▲ $1.768M ▲ $-2.647M ▲ $-4.526M ▲
Q1-2025 $0 $-4.955M ▲ $-499.561K ▲ $1.166M ▲ $-4.222M ▲ $-5.474M ▲
Q4-2024 $0 ▲ $-8.45M ▼ $-786.491K ▼ $-12.236K ▼ $-9.871M ▼ $-8.576M ▼
Q3-2024 $-8.972M $-201.551K $5.208M $781.432K $6.405M $-258.874K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
SpareParts Sales
SpareParts Sales
 $0 ▲$0 ▲$0 ▲$0 ▲
Vehicles Sales
Vehicles Sales
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue remains very small and has not yet scaled in a meaningful way. The company has been consistently unprofitable, with operating losses and net losses every year. Losses widened as the company invested and then have only modestly improved more recently, but they still represent a large gap between costs and revenues. Overall, the business is still clearly in a build‑out phase rather than a steady, profitable phase, and profitability does not appear to be close based on recent trends.

Balance Sheet

Balance Sheet The balance sheet shows a shrinking resource base over time. Cash and total assets have come down significantly from earlier peaks, suggesting ongoing cash burn and limited fresh capital coming in. Equity has also trended lower, which reflects accumulated losses and some financial strain. The company does carry some debt, though not at extreme levels, but the main concern is that the cushion of cash and equity is becoming thinner. Multiple reverse stock splits also hint at past share price pressure and equity dilution risk.

Cash Flow

Cash Flow Cash flow from operations has been negative for several years, meaning the core business consumes cash rather than generating it. Free cash flow is similarly negative, with only modest spending on physical assets, implying that most of the cash drain is funding operating costs and development, not heavy infrastructure. This pattern can be typical for an early‑stage EV company, but it also raises questions about how long existing cash can support operations and how dependent the company may be on future financing or cost cuts.

Competitive Edge

Competitive Edge Cenntro focuses on commercial electric vehicles for last‑mile delivery and urban services, which is a narrower and less crowded niche than passenger EVs. Its strengths include a specialized product lineup, high vehicle customization, a presence in multiple regions, and a flexible manufacturing approach. However, it competes in an industry with powerful global automakers and well‑funded EV specialists, many of whom are also moving into commercial fleets. Cenntro’s relatively small scale, limited revenue, and ongoing losses put it at a competitive disadvantage in pricing, marketing, and technology spending, making execution and partnerships especially critical.

Innovation and R&D

Innovation and R&D The company’s main innovation is its modular iChassis platform, designed for autonomous‑ready commercial vehicles, plus AI‑driven fleet management tools. This positions Cenntro as more than a simple vehicle assembler and gives it a clear technological story in autonomy and fleet optimization. It has demonstrated real deployments of these platforms and continues expanding its product family. That said, the cost of staying at the cutting edge in EV and autonomy is high, and Cenntro’s limited financial resources may constrain how aggressively it can invest compared with larger rivals. Commercial traction and partner adoption of its technology will be key markers of success.

Summary

Cenntro is an early‑stage, niche commercial EV manufacturer with interesting technology and a clear strategic focus on last‑mile and urban commercial uses. On the positive side, it has differentiated products, a modular autonomous‑ready platform, and a global footprint aimed at flexible, localized production. On the risk side, revenue remains very small, losses are persistent, cash has been drawn down, and the company appears reliant on external funding or major operational improvements to sustain its plans. The opportunity largely depends on Cenntro’s ability to convert its innovation and partnerships into scaled, profitable sales before its financial flexibility becomes too constrained.

NEWS

October 24, 2025 · 4:30 PM UTC

Cenntro Granted 180-Day Extension to Meet Nasdaq Minimum Bid Price Requirement

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