CENNHIGH SIGNALFINANCIAL10-K

CENN experienced substantial financial deterioration with revenue declining meaningfully, net losses significantly expanding, and cash position substantially reduced.

The company's operating performance declined across multiple key metrics, with revenue falling substantially while net losses expanded significantly year-over-year. The sharp reduction in cash reserves from $12.5M to $4.5M, combined with continued negative operating cash flows, raises concerns about the company's ability to fund operations and growth initiatives.

Comparing 2026-04-15 vs 2025-04-01View on EDGAR →
FINANCIAL ANALYSIS

CENN's financial position weakened considerably with revenue declining meaningfully to $18.1M while net losses expanded substantially to $73.0M. The company's cash position dropped significantly to $4.5M despite reduced capital expenditures, though operating cash flow improved modestly to -$12.6M. The overall balance sheet contracted notably with total assets declining to $74.4M and stockholders' equity falling to $40.3M, reflecting the challenging operating environment and cash consumption.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
-88.9%
$7.6M→$846K

Capex reduced 88.9% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Cash & Equivalents
Balance Sheet
-64.3%
$12.5M→$4.5M

Cash declined 64.3% — significant cash burn or deployment; verify adequacy of remaining liquidity runway.

Net Income
P&L
-62.7%
-$44.9M→-$73.0M

Net income declined 62.7% — review whether driven by operations, interest costs, or non-recurring items.

Accounts Receivable
Balance Sheet
-61%
$3.3M→$1.3M

Receivables declined — improved collection efficiency or conservative revenue recognition.

Stockholders Equity
Balance Sheet
-48.2%
$77.8M→$40.3M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

R&D Expense
P&L
-45.5%
$5.2M→$2.8M

R&D spending cut 45.5% — could signal cost discipline or concerning reduction in innovation investment.

Total Assets
Balance Sheet
-43.9%
$132.6M→$74.4M

Total assets contracted 43.9% — asset sales, write-downs, or balance sheet optimization underway.

Revenue
P&L
-42.2%
$31.3M→$18.1M

Revenue declined 42.2% — significant demand weakness or market share loss warrants investigation.

Operating Cash Flow
Cash Flow
+40.9%
-$21.4M→-$12.6M

Operating cash flow surged 40.9% — exceptional cash generation, highest quality earnings signal.

Total Liabilities
Balance Sheet
-37.6%
$54.6M→$34.0M

Liabilities reduced 37.6% — deleveraging improves balance sheet strength and financial flexibility.

LANGUAGE CHANGES
NEW — 2026-04-15
PRIOR — 2025-04-01
ADDED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
As of April 10, 2026 (prior to the reverse stock split effected on April 13, 2026), there were 87,912,831 of the registrant s common stock, par value $0.0001 per share, issued and outstanding.
The aggregate market value of the voting securities held by non-affiliates of the registrant as of the last business day of the registrant s most recently completed third fiscal quarter, September 30, 2025, was approximately $ 30,343,050 based upon the closing sale price of $0.5845.
OTHER PERTINENT INFORMATION This Annual Report contains our audited consolidated financial statements and related notes as of December 31, 2025 and 2024 and for the fiscal years ended December 31, 2025, and 2024 ( Audited Financial Statements ).
Our consolidated financial statements as of December 31, 2025 and for the years ended December 31, 2025, and 2024, included in this Annual Report, are the consolidated financial statements of Cenntro and present periods prior to the Redomicile (as defined below).
We refer to such financial statement as Cenntro s consolidated financial statements.
On April 13, 2026, the Company effected a 1-for-60 reverse stock split of its outstanding common stock ( Reverse Stock Split ).
The Company s common stock began trading on a split-adjusted basis on such date.
( CEBV when individually referenced), a Dutch company and wholly-owned subsidiary of Cenntro Electric Group, Inc.; Cenntro Electric Colombia S.A.S.
( CE COL when individually referenced), a Colombian company and wholly-owned subsidiary of CAC; Cenntro Electric Group Pty Limited ACN 619 054 938, ( CEGL when individually referenced, formerly known as Cenntro Electric Group Limited before June 14, 2024), an Australian company and wholly-owned subsidiary of Cenntro, Inc.; Cenntro Electric Group (Europe) GmbH, (formerly Blitz F22-1 GmbH) ( CEGE when individually referenced), a German company and wholly-owned subsidiary of CEBV.; Cenntro Electric Group, Inc.
REMOVED
As of March 27, 2025, there were 30,866,614 of the registrant s common stock, par value $0.0001 per share, issued and outstanding.
The aggregate market value of the voting securities held by non-affiliates of the registrant as of the last business day of the registrant s most recently completed second fiscal quarter, June 30, 2024, was approximately $ 61,050,733 based upon the closing sale price of $1.49.
OTHER PERTINENT INFORMATION This Annual Report contains our audited consolidated and combined financial statements and related notes as of December 31, 2024 and 2023 and for the fiscal years ended December 31, 2024, and 2023 ( Audited Financial Statements ).
Prior to the Redomiciliation and during the fiscal years ended December 31, 2023, and 2022, the Company was subject to the Australian Corporations Act 2001 (Cth) ( Corporations Act ), which requires financial statements be prepared in accordance with Australian Accounting Standards ( AASB ), equivalent to International Financial Reporting Standards ( IFRS ) and audited in accordance with Australian Auditing Standards ( ASAs ).
The financial information in this Annual Report (including the information in the Audited Financial Statements) are not financial statements for the purposes of the Corporations Act and is considered non-IFRS financial information under the Australian Securities and Investment Commission s Regulatory Guide 230: Disclosing non-IFRS financial information.
Such non-IFRS financial information may not be comparable to similarly titled information presented by other entities and should not be construed as an alternative to other financial information prepared in accordance with IFRS.
Our combined financial statements as of December 31, 2024 and for the years ended December 31, 2024, and 2023, included in this Annual Report, are the combined financial statements of Cenntro and present periods prior to the Redomicile (as defined below).
We refer to such financial statement as Cenntro s combined financial statements.
All references herein to the outstanding stock of the Company have been adjusted to reflect this reverse split.
( CEBV when individually referenced), a Dutch company and wholly-owned subsidiary of Cenntro Electric Group, Inc.; Cenntro Electric CIC, SRL ( CEG DOM when individually referenced), a Dominican company and 99%-owned subsidiary of Cenntro Automotive Corporation; Cenntro Electric Colombia S.A.S.
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →