Phoenix Motor Q2 EPS $(0.06) Up From $(0.15) YoY, Sales $12.03M Up From $1.16M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor (NASDAQ:PEV) reported a significant improvement in its Q2 financial results, with EPS losses narrowing to $(0.06) from $(0.15) YoY and sales surging by 939% to $12.03M.
October 31, 2024 | 8:59 pm
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POSITIVE IMPACT
Phoenix Motor's Q2 results show a significant improvement with EPS losses narrowing and a massive increase in sales, indicating positive momentum.
The narrowing of EPS losses from $(0.15) to $(0.06) and a 939% increase in sales to $12.03M suggest strong operational improvements and potential investor confidence in Phoenix Motor's growth trajectory.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100