Phoenix Motor Inc. (PEVM)
OTCMKTS · Delayed Price · Currency is USD
2.070
-0.850 (-29.11%)
At close: Jun 2, 2026
Phoenix Motor Earnings Call Transcripts
Fiscal Year 2025
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Phoenix is leveraging a strong order backlog, dual-brand strategy, and U.S.-based manufacturing to drive growth in commercial EVs, supported by innovative offerings like fleet-as-a-service and autonomous technology. Financial discipline, Buy America compliance, and a focus on recurring revenue position the company for sustainable expansion and improved shareholder value.
Fiscal Year 2024
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Record Q1 2024 results with $9.4M revenue and $14.8M net income, driven by a major acquisition and a $200M backlog. Gross margin rose to 26.6%, and Q2 revenue is projected to grow over 20% sequentially.