Phoenix Motor Expects to Report $14 Million to $16 Million Revenue in Q2 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 second quarter of 2024. The company expects to report revenue in the range of $14 million to $16 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023 and up from the expected $8 million to $9 million forecasted for Q1 2024, the company's previous record revenue quarter. "Our projection for another quarter of record revenues is a reflection of the success of the strategic initiatives we've undertaken," said Denton Peng, CEO of Phoenix Motor. "The recent strides we've made, from strategic acquisitions to launching cutting-edge products, underscore our resolve to redefine transportation. Our focus remains on delivering exceptional value and driving the shift towards sustainable mobility solutions." The expected surge in revenue can be linked to several strategic actions implemented by Phoenix Motor throughout the past year. These include acquir
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PEV
News
- Phoenix Motor Strengthens Capital Structure by Negotiating Key Waiver with Note Holder [Yahoo! Finance]Yahoo! Finance
- Phoenix Motor Strengthens Capital Structure by Negotiating Key Waiver with Note HolderAccesswire
- Phoenix Motor Partners with Cennatic for Commercial EV Battery Solutions [Yahoo! Finance]Yahoo! Finance
- Phoenix Motor Partners with Cennatic for Commercial EV Battery Solutions Accesswire
- Phoenix Motor Expects to Report $14 Million to $16 Million Revenue in Q2 2024Accesswire
PEV
Sec Filings
- 5/1/24 - Form 8-K
- 4/26/24 - Form 8-K
- 4/18/24 - Form 8-K
- PEV's page on the SEC website