Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Phoenix Motor Inc. (PEV)
NASDAQ:PEV
Holding PEV?
Track your performance easily
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2022
|% Change Since: -16.13%
|Next Earnings Date:Aug 15, 2022
Earnings Call Sentiment|Positive
The earnings call highlighted several positive developments, including record financial performance, successful strategic acquisitions, and operational expansions. Despite minor cash flow constraints, the overall outlook remains optimistic with strong market positioning and financial health.Company Guidance
During the Phoenix Motors Q1 2024 earnings call, significant progress and robust financial performance were highlighted. The company reported net revenues of $9.4 million, up from $1.8 million in the previous year, primarily driven by the acquisition of a major zero-emission bus manufacturer. This strategic move also contributed to a net income of $14.8 million or $0.49 per share, a notable turnaround from a net loss experienced in the same period last year. Total assets increased to $78.7 million, ensuring compliance with NASDAQ listing standards. The acquisition bolstered Phoenix's market presence, with a 40% market share in North America and a $200 million revenue backlog. The company also emphasized its focus on sustainable transportation solutions across three market segments—transit and shuttle buses, medium-duty trucks, and school buses—with a $5 billion federal funding boost for electric buses. Looking ahead, Phoenix Motors anticipates a Q2 revenue increase to $12 million, driven by new product launches and strategic partnerships.Record Financial Results
Net revenues increased to $9.4 million, and net income reached $14.8 million, a significant turnaround from a net loss in the same period last year.
Strategic Acquisition Success
Acquisition of a major zero emission bus manufacturer, leading to 40% market share in North America and over 1,000 buses delivered.
Strong Market Position
Zero emission transit business with a $200 million backlog and expected revenue contribution indicating robust market demand.
Operational Achievements
Integration of transit operations, production of next-generation Gen 4 shuttle buses, and expansion plans for manufacturing facilities.
Financial Health and Capital Structure
Negotiated waiver agreement and capital raise activity leading to $11.1 million in new capital, preventing dilution of shareholders and supporting growth initiatives.
---
PEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
PEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | $0.31 | $0.31 | 0.00% |
| Oct 03, 2024 | $0.35 | $1.07 | +205.71% |
| Mar 27, 2024 | $0.83 | $0.84 | +1.20% |
| Nov 14, 2023 | $0.90 | $0.92 | +2.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Phoenix Motor Inc. (PEV) report earnings?
Phoenix Motor Inc. (PEV) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Phoenix Motor Inc. (PEV) earnings time?
Phoenix Motor Inc. (PEV) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PEV EPS forecast?
Currently, no data Available
---