Phoenix Motor shares are trading higher after the company raised its Q1 revenue guidance.
$PEV
Construction/Ag Equipment/Trucks
Consumer Discretionary
Phoenix Motor shares are trading higher after the company raised its Q1 revenue guidance.
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ANAHEIM, CA / ACCESSWIRE / October 31, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reported financial and operational results for the second quarter ended June 30, 2024.Second Quarter 2024 Financial HighlightsRevenue increased 937% to $12.03 million, up from $1.16 million in Q2 2023Gross profit increased to $1.83 million, up from a gross loss of ($0.06) million in Q2 2023Net loss improved to $2.26 million compared to a net loss of $3.18 million in Q2 2023Cash and cash equivalents were $1.40 million as of June 30, 2024, up from $0.03 million on December 31, 2023Total equity in
ANAHEIM, CA / ACCESSWIRE / October 29, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on November 18, 2024, at 4:15 p.m. ET.The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor's CEO, Denton Peng, CFO Michael Yung, and CCO Jose Paul.Attendees will gain insight into Phoenix Motor's position as a leader in zero-emission, all-electric commercial transportation solutions. Phoenix Motor's vehicles have accumulated more than 55 million all-electric miles-saving over $30 million in fuel costs. These efforts have directly res
GREENVILLE, SC / ACCESSWIRE / October 16, 2024 / Phoenix Motor Inc.'s (NASDAQ:PEV) PhoenixEV, a leader in electric vehicle (EV) development for the commercial sector, today announced its work on four all-electric transit buses for the University of California San Diego, to be delivered in early 2025.The 35-foot electric buses from PhoenixEV will be deployed to decarbonize the last mile transportation, reducing particulate emissions on campus and in the neighborhoods around the university. The new buses, which will bring the university fleet to 20 percent electric, will also support campus sustainability goals. UC San Diego has committed to decarbonization by 2045."UC San Diego is a leader in
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The record quarterly revenue represents a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter. Phoenix Motor also expects to report record gross profit and record net income for the first quarter of 2024.
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ANAHEIM, CA / ACCESSWIRE / October 3, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reported financial and operational results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsNet revenues increased to a record $9.4 million, up from $1.8 million in the prior year period.Gross profit increased to a record $2.5 million, up from $0.2 million in the prior year period.Net income increased to a record $14.8 million, or $0.49 per share, up from a net loss of $2.8 million, or ($0.13) per share, in the prior year period; diluted EPS increased to $0.44 pe
ANAHEIM, CA / ACCESSWIRE / September 23, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The Company expects to report a record $9.4 million in revenue for the first quarter, exceeding the previously issued guidance range of $8 million to $9 million. The record quarterly revenue represents a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter. Phoenix Motor also expects to report record gross profit and record net income for the first quarte
The Company reiterates its record revenue guidance for Q1 2024ANAHEIM, CA / ACCESSWIRE / September 9, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The Company expects to report a record $9.4 million in revenue for the first quarter, exceeding the previously issued guidance range of $8 million to $9 million. The record quarterly revenue represents a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter. Phoenix Motor also expects to report r
GREENVILLE, SC / ACCESSWIRE / September 25, 2024 / Phoenix Motor Inc.'s (NASDAQ:PEV) PhoenixEV, a leader in electric vehicle (EV) development for the commercial sector, today announced its membership in the American Public Transportation Association (APTA), a move that underscores the company's dedication to advancing sustainable transportation solutions.APTA is the nation's largest public transportation association, representing all modes of public transportation in North America. By joining APTA, PhoenixEV gains access to a network of industry leaders, advocacy resources, and opportunities to collaborate on the future of public transportation."We are excited to join APTA, one of the larges
ANAHEIM, CA / ACCESSWIRE / April 18, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced the appointment of Michael Yung as its new Chief Financial Officer (CFO), effective April 17, 2024.Yung brings over 25 years of financial leadership and strategic business acumen to Phoenix Motor. Before joining Phoenix Motor, Yung served as the CFO at PingTan Marine Enterprise Ltd., where he managed SEC filings, investor relations, and was instrumental in conducting financial audits and due diligence for mergers and acquisitions. His seasoned expertise was also demonstrated during his
Dr. Liu brings a unique blend of skills and experiences in AI, automotive engineering, strategic business development, and operation management.ANAHEIM, CA / ACCESSWIRE / April 12, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced the appointment of Dr. Lewis Liu as its new Chief Operating Officer (COO), effective immediately. Prior to his new role, Dr. Liu demonstrated exemplary leadership and innovation as the Senior Vice President (SVP) of Operations and SVP of Vehicle Program & Business Development at Phoenix Motor.Dr. Liu brings to the COO position a wealth of experi
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