Phoenix Motor Expects Q1 Revenue of $8M-$9M
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor Inc. (NASDAQ:PEV), a manufacturer of heavy-duty transit buses and electrification solutions, forecasts Q1 2024 revenue of $8M-$9M, a substantial rise from Q1 2023's $1.8M.
April 15, 2024 | 7:50 am
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POSITIVE IMPACT
Phoenix Motor Inc. expects a significant revenue increase in Q1 2024, forecasting $8M-$9M compared to $1.8M in Q1 2023.
The substantial projected increase in revenue for Q1 2024 compared to Q1 2023 indicates strong growth and operational success. This positive outlook is likely to attract investor interest and could lead to an increase in stock price in the short term.
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