Phoenix Motor Expects Record Revenue Growth and Profitability in 2024, With Further Expansion in 2025
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Phoenix Motor Inc. (Nasdaq:PEV) projects significant revenue growth and profitability in 2024, with further expansion in 2025. The company forecasts $30M+ revenue and positive net income in 2024, a tenfold increase from 2023, and targets $40M-$50M revenue in 2025.
March 06, 2025 | 9:15 pm
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Phoenix Motor Inc. forecasts a tenfold increase in revenue to over $30 million and expects to achieve positive net income in 2024, marking a significant turnaround from 2023. The company also targets $40M-$50M revenue in 2025.
Phoenix Motor's announcement of a tenfold revenue increase and expected profitability in 2024 is a strong positive signal for investors. The guidance for 2025 further supports a growth trajectory, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100