Phoenix Motor Reports Record $12M Revenue for Second Quarter of 2024 [Yahoo! Finance]
Phoenix Motor Inc. (PEV)
Company Research
Source: Yahoo! Finance
solutions provider for medium-duty vehicles, today reported financial and operational results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Revenue increased 937% to $12.03 million, up from $1.16 million in Q2 2023 Gross profit increased to $1.83 million, up from a gross loss of ($0.06) million in Q2 2023 Net loss improved to $2.26 million compared to a net loss of $3.18 million in Q2 2023 Cash and cash equivalents were $1.40 million as of June 30, 2024, up from $0.03 million on December 31, 2023 Total equity increased to $21.86 million as of June 30, 2024, up from negative equity of $4.84 million on December 31, 2023 Second Quarter and Recent Company Highlights Delivered five 40' ZX5 battery electric buses in May 2024 for the University of California, Irvine (UCI) Signed contract to supply four all-electric transit buses for the University of California San Diego, to be delivered in early 2025. Unveiled new branding at the Ad
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News
- Phoenix Motor Inc. Announces Receipt of Nasdaq Delisting NoticeAccesswire
- Phoenix Motor Second Quarter 2024 Earnings: US$0.065 loss per share (vs US$0.15 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Phoenix Motor Reports Record $12M Revenue for Second Quarter of 2024Accesswire
- Join Phoenix Motor’s Exclusive Live Investor Webinar and Q&A Session on November 18Accesswire
- Phoenix Motor to add electric transit vehicles to third University of California campus [Seeking Alpha]Seeking Alpha
PEV
Sec Filings
- 11/21/24 - Form 8-K
- 11/15/24 - Form NT
- 11/6/24 - Form SC
- PEV's page on the SEC website