Phoenix Motor Announces Record Revenue Guidance for Q1 2024 [Yahoo! Finance]
Phoenix Motor Inc. (PEV)
Company Research
Source: Yahoo! Finance
solutions provider for medium-duty vehicles, today announced its revenue guidance for the first quarter of 2024. The company expects to report revenue in the range of $8 million to $9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter. "Our first quarter performance underscores the strength and scalability of our business model," said Denton Peng, CEO of Phoenix Motor. "Our ability to significantly increase revenue is a testament to our innovative product line, the growing market demand for electric vehicles, and continued favorable government policies supporting electrification." The anticipated increase in revenue is attributed to a number of strategic initiatives undertaken by Phoenix Motor over the past year, including the acquisition of Proterra's transit business and the launch of new products designed to meet the evolving needs of the commercial transportation sect
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PEV
News
- PhoenixEV Emerges as Premier Leader in Zero-Emission Vehicles Following Proterra Transit Bus Business Acquisition [Yahoo! Finance]Yahoo! Finance
- PhoenixEV Emerges as Premier Leader in Zero-Emission Vehicles Following Proterra Transit Bus Business AcquisitionAccesswire
- Phoenix Motor Reschedules First Quarter 2024 Earnings Call to July 11Accesswire
- Phoenix Motor Reschedules First Quarter 2024 Earnings Call to June 20Accesswire
- Phoenix Motor Reschedules First Quarter 2024 Earnings Call to June 6Accesswire
PEV
Sec Filings
- 5/30/24 - Form DEF
- 5/29/24 - Form 8-K
- 5/21/24 - Form 8-K
- PEV's page on the SEC website