Cenntro Electric Group (CENN) Revenue & Revenue Breakdown
Cenntro Electric Group Revenue Highlights
Latest Revenue (Y)
$22.08M
Latest Revenue (Q)
$8.32M
Main Segment (Y)
Vehicles Sales
Main Geography (Y)
Europe
Cenntro Electric Group Revenue by Period
Cenntro Electric Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $22.08M | 146.93% |
| 2022-12-31 | $8.94M | 4.26% |
| 2021-12-31 | $8.58M | 57.08% |
| 2020-12-31 | $5.46M | 52.69% |
| 2019-12-31 | $3.58M | - |
Cenntro Electric Group generated $22.08M in revenue during NA 2023, up 146.93% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Cenntro Electric Group Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $8.32M | 145.30% |
| 2024-03-31 | $3.39M | -60.60% |
| 2023-12-31 | $8.61M | 49.39% |
| 2023-09-30 | $5.76M | 36.00% |
| 2023-06-30 | $4.24M | 22.10% |
| 2023-03-31 | $3.47M | 91.75% |
| 2022-12-31 | $1.81M | -13.67% |
| 2022-09-30 | $2.10M | -34.58% |
| 2022-06-30 | $3.20M | 75.06% |
| 2022-03-31 | $1.83M | -14.62% |
| 2021-12-31 | $2.14M | - |
| 2021-09-30 | $2.14M | - |
| 2021-06-30 | $2.14M | - |
| 2021-03-31 | $2.14M | 57.08% |
| 2020-12-31 | $1.36M | - |
| 2020-09-30 | $1.36M | - |
| 2020-07-27 | $1.36M | - |
| 2020-03-31 | $1.36M | 52.69% |
| 2019-12-31 | $893.97K | - |
| 2019-09-30 | $893.97K | - |
| 2019-06-30 | $893.97K | - |
| 2019-03-31 | $893.97K | 8.10% |
| 2018-04-30 | $826.98K | -25.71% |
| 2018-01-31 | $1.11M | 79.29% |
| 2017-10-31 | $620.93K | -7.40% |
| 2017-07-31 | $670.56K | 47.32% |
| 2017-04-30 | $455.16K | -17.23% |
| 2017-01-31 | $549.90K | -0.29% |
| 2016-10-31 | $551.49K | 88.22% |
| 2016-07-31 | $293.01K | - |
Cenntro Electric Group generated $8.32M in revenue during Q2 2024, up 145.30% compared to the previous quarter, and up 239.75% compared to the same period a year ago.
Cenntro Electric Group Revenue Breakdown
Cenntro Electric Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Spare-Parts Sales | $1.55M | $304.51K | $195.35K |
| Service, Other | $180.71K | $402.28K | $1.09M |
| Vehicles Sales | $20.34M | $8.24M | $7.29M |
Cenntro Electric Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Vehicles Sales (92.14%), Spare-Parts Sales (7.04%), and Service, Other (0.82%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 |
|---|---|---|---|---|---|
| Spare-Parts Sales | $828.78K | $24.94K | $586.63K | $344.70K | $598.04K |
| Service, Other | $48.44K | - | $151.62K | $137.31K | $31.55K |
| Vehicles Sales | $2.51M | - | $12.73M | $7.23M | $2.84M |
Cenntro Electric Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Vehicles Sales (74.14%), Spare-Parts Sales (24.43%), and Service, Other (1.43%).
Cenntro Electric Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Jan 21 | Jan 20 |
|---|---|---|---|---|---|
| America | $1.06M | $697.45K | $3.42M | - | - |
| Asia | $4.81M | $1.19M | $729.87K | - | - |
| Europe | $16.22M | $7.05M | $4.38M | $465.00K | $1.05M |
| Oceania | - | - | $45.58K | - | - |
| Spare-Parts Sales | - | - | $195.35K | - | - |
| Vehicles Sales | - | - | $7.29M | - | - |
| Service, Other | - | - | $1.09M | - | - |
| Australia | - | - | - | $21.01M | $24.36M |
| United States | - | - | - | $24.43M | $30.86M |
| New Zealand | - | - | - | $34.13M | $33.79M |
Cenntro Electric Group's latest annual revenue breakdown by geography, as of Dec 23: Europe (73.45%), Asia (21.76%), and America (4.78%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Jul 21 | Jul 20 | Jul 19 |
|---|---|---|---|---|---|---|---|---|
| Asia | $1.10M | - | $2.98M | $2.08M | $276.50K | - | - | - |
| Europe | $1.66M | - | $10.04M | $5.53M | $3.06M | $322.00K | $314.00K | - |
| America | $625.90K | $475.60K | $451.85K | $96.70K | $32.05K | - | - | - |
| Vehicles Sales | - | - | - | - | $2.84M | - | - | - |
| Service, Other | - | - | - | - | $31.55K | - | - | - |
| Spare-Parts Sales | - | - | - | - | $598.04K | - | - | - |
| UNITED STATES | - | - | - | - | - | $6.57M | - | - |
| United States | - | - | - | - | - | - | $13.00M | $17.08M |
| New Zealand | - | - | - | - | - | - | $13.64M | $14.88M |
| Australia | - | - | - | - | - | - | $7.60M | $9.82M |
Cenntro Electric Group's latest quarterly revenue breakdown by geography, as of Mar 24: Europe (48.99%), Asia (32.56%), and America (18.45%).
Cenntro Electric Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FSR | Fisker | $272.89M | $200.06M |
| GP | GreenPower Motor | $39.70M | $8.38M |
| CENN | Cenntro Electric Group | $22.08M | $8.32M |
| WKHS | Workhorse Group | $13.09M | $842.44K |
| RIDE | Lordstown Motors | $2.34M | - |
| GOEV | Canoo | $886.00K | $605.00K |
| FFIE | Faraday Future Intelligent Electric | $784.00K | $293.00K |
| SOLO | Electrameccanica Vehicles | $608.43K | $-1.04M |
| AYRO | Ayro | $498.92K | - |
| MULN | Mullen Automotive | $366.00K | $65.23K |
| HYZN | Hyzon Motors | $295.00K | $313.00K |
| ARVL | Arrival | - | - |
| VLCN | Volcon | - | $940.86K |
CENN Revenue FAQ
What is Cenntro Electric Group’s yearly revenue?
Cenntro Electric Group's yearly revenue for 2023 was $22.08M, representing an increase of 146.93% compared to 2022. The company's yearly revenue for 2022 was $8.94M, representing an increase of 4.26% compared to 2021. CENN's yearly revenue for 2021 was $8.58M, representing an increase of 57.08% compared to 2020.
What is Cenntro Electric Group’s quarterly revenue?
Cenntro Electric Group's quarterly revenue for Q2 2024 was $8.32M, a 145.30% increase from the previous quarter (Q1 2024), and a 96.35% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $3.39M, a -60.60% decrease from the previous quarter (Q4 2023), and a -2.26% decrease year-over-year (Q1 2023). CENN's quarterly revenue for Q4 2023 was $8.61M, a 49.39% increase from the previous quarter (Q3 2023), and a 375.66% increase year-over-year (Q4 2022).
What is Cenntro Electric Group’s revenue growth rate?
Cenntro Electric Group's revenue growth rate for the last 3 years (2021-2023) was 157.44%, and for the last 5 years (2019-2023) was 517.47%.
What are Cenntro Electric Group’s revenue streams?
Cenntro Electric Group's revenue streams in c 23 are Spare-Parts Sales, Service, Other, and Vehicles Sales. Spare-Parts Sales generated $1.55M in revenue, accounting 7.04% of the company's total revenue, up 410.44% year-over-year. Service, Other generated $180.7K in revenue, accounting 0.82% of the company's total revenue, down -55.08% year-over-year. Vehicles Sales generated $20.34M in revenue, accounting 92.14% of the company's total revenue, up 147.05% year-over-year.
What is Cenntro Electric Group’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Cenntro Electric Group was Vehicles Sales. This segment made a revenue of $20.34M, representing 92.14% of the company's total revenue.