Phoenix Motor Reschedules Q1 Earnings Call To October 3, 2024; Q1 2024 Revenue $9.4M Up From $1.8M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor Inc. (NASDAQ:PEV) has rescheduled its Q1 2024 earnings call to October 3, 2024. The company expects record revenue of $9.4 million, significantly up from $1.8 million in Q1 2023, and anticipates record gross profit and net income.
September 23, 2024 | 8:27 pm
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Phoenix Motor Inc. anticipates record Q1 2024 revenue of $9.4M, surpassing previous guidance and last year's $1.8M. The company also expects record gross profit and net income.
The significant increase in expected revenue from $1.8M to $9.4M, along with anticipated record gross profit and net income, suggests strong financial performance, likely boosting investor confidence and positively impacting the stock price.
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