Symbols

PEV(Delisted)

Phoenix Motor·NASDAQ

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Key Stats

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About PEV

Phoenix Motor Inc.

A manufacturer of light and medium electric vehicles and electric vehicle chargers

Industry

Established Date

10/12/2020

Listing Date

06/08/2022

Exchange

NASDAQ Stock Exchange

Full-time Employees

Fiscal Year Ends

12-31

Website

www.phoenixmotorcars.com

Security Type

Common stock

Office address

1500 Lakeview Loop, Anaheim, CA 92807

Business

Introduction

Phoenix Motor Inc., was incorporated in Delaware on October 12, 2020. The company introduced their first mid-size electric drivetrain in 2009 and sold their first commercial electric vehicle in 2014. In 2015, the company began offering more body options on the Ford E 450 chassis, supplying flatbed trucks and work trucks to U.S. Naval Base Port Venem in Ventura County and Irvine, California, respectively. In 2018, the company signed a non-binding memorandum of understanding with Creative Bus Sales and Forest River to build and distribute electric buses. The two sides are jointly preparing to complete the testing of the Altoona electric shuttle bus product, which will allow the transportation agency to use FTA funds to purchase vehicles.

Company Financials

EPS

PEV has released its 2023 Q3 earnings. EPS was reported at -0.13, versus the expected 0, missing expectations. The chart below visualizes how PEV has performed over recent quarters, highlighting trends in earnings surprises.

Revenue & Expenses

PEV has released its 2024 Q4 earnings report, with revenue of 4.93M, reflecting a YoY change of 4795.24%, and net profit of -6.20M, showing a YoY change of 48.21%. The Sankey diagram below clearly presents PEV's revenue sources and cost distribution.