Phoenix Motor Reports Q1 2025 Financial Results
Phoenix Motor (OTC PINK:PEVM) reported its Q1 2025 financial results, with revenue of $4.4 million, down from $9.4 million in Q1 2024. The company achieved a gross margin of 30.9%, up from 26.6% year-over-year, while operating expenses decreased to $3.3 million. Net loss was $2.8 million compared to net income of $16.8 million in Q1 2024.
Key achievements include launching the world's first wirelessly charged medium-duty electric shuttle bus, unveiling 40-foot zero-emission automated buses, and surpassing 60 million zero-emission miles. The company secured strategic partnerships, including a cooperation with Guorun Venture Capital for an RMB 1 billion M&A fund, and won contracts from California DGS and Los Angeles County.
Management projects revenue between $40-50 million for 2025.
Phoenix Motor (OTC PINK:PEVM) ha comunicato i risultati finanziari del primo trimestre 2025, con ricavi pari a 4,4 milioni di dollari, in calo rispetto ai 9,4 milioni di dollari del primo trimestre 2024. L'azienda ha raggiunto un margine lordo del 30,9%, in aumento rispetto al 26,6% dell'anno precedente, mentre le spese operative sono diminuite a 3,3 milioni di dollari. La perdita netta è stata di 2,8 milioni di dollari, rispetto a un utile netto di 16,8 milioni di dollari nel primo trimestre 2024.
I principali traguardi includono il lancio del primo autobus navetta elettrico a media capacità con ricarica wireless al mondo, la presentazione di autobus automatizzati a zero emissioni da 40 piedi e il superamento di 60 milioni di miglia a zero emissioni. L'azienda ha stretto partnership strategiche, tra cui una collaborazione con Guorun Venture Capital per un fondo M&A da 1 miliardo di RMB, e ha ottenuto contratti dal California DGS e dalla contea di Los Angeles.
Il management prevede ricavi compresi tra 40 e 50 milioni di dollari per il 2025.
Phoenix Motor (OTC PINK:PEVM) informó sus resultados financieros del primer trimestre de 2025, con ingresos de 4,4 millones de dólares, una disminución respecto a los 9,4 millones de dólares del primer trimestre de 2024. La compañía logró un margen bruto del 30,9%, superior al 26,6% interanual, mientras que los gastos operativos se redujeron a 3,3 millones de dólares. La pérdida neta fue de 2,8 millones de dólares en comparación con una ganancia neta de 16,8 millones en el primer trimestre de 2024.
Los logros clave incluyen el lanzamiento del primer autobús lanzadera eléctrico de media capacidad con carga inalámbrica del mundo, la presentación de autobuses automatizados de 40 pies sin emisiones y superar las 60 millones de millas sin emisiones. La compañía aseguró alianzas estratégicas, incluyendo una cooperación con Guorun Venture Capital para un fondo de fusiones y adquisiciones de 1.000 millones de RMB, y ganó contratos con California DGS y el condado de Los Ángeles.
La dirección proyecta ingresos entre 40 y 50 millones de dólares para 2025.
Phoenix Motor (OTC PINK:PEVM)은 2025년 1분기 재무 실적을 발표했으며, 매출은 440만 달러로 2024년 1분기의 940만 달러에서 감소했습니다. 회사는 30.9%의 총 이익률을 기록하여 전년 동기 대비 26.6%에서 상승했으며, 영업 비용은 330만 달러로 줄었습니다. 순손실은 280만 달러로, 2024년 1분기의 1,680만 달러 순이익과 비교됩니다.
주요 성과로는 세계 최초의 무선 충전 중형 전기 셔틀버스 출시, 40피트 무공해 자동화 버스 공개, 그리고 6천만 마일 이상의 무공해 주행 달성이 포함됩니다. 회사는 Guorun Venture Capital과 10억 위안 규모의 M&A 펀드 협력 등 전략적 파트너십을 확보했으며, 캘리포니아 DGS와 로스앤젤레스 카운티로부터 계약을 수주했습니다.
경영진은 2025년 매출을 4,000만 달러에서 5,000만 달러 사이로 예상하고 있습니다.
Phoenix Motor (OTC PINK:PEVM) a publié ses résultats financiers du premier trimestre 2025, avec un chiffre d'affaires de 4,4 millions de dollars, en baisse par rapport à 9,4 millions de dollars au premier trimestre 2024. L'entreprise a réalisé une marge brute de 30,9%, en hausse par rapport à 26,6% d'une année sur l'autre, tandis que les charges d'exploitation ont diminué à 3,3 millions de dollars. La perte nette s'est élevée à 2,8 millions de dollars contre un bénéfice net de 16,8 millions de dollars au premier trimestre 2024.
Les réalisations clés comprennent le lancement du premier bus navette électrique de taille moyenne à recharge sans fil au monde, la présentation de bus automatisés de 40 pieds à zéro émission, et le dépassement de 60 millions de miles sans émission. L'entreprise a sécurisé des partenariats stratégiques, notamment une coopération avec Guorun Venture Capital pour un fonds de fusion-acquisition d'un milliard de RMB, et a remporté des contrats du California DGS et du comté de Los Angeles.
La direction prévoit un chiffre d'affaires compris entre 40 et 50 millions de dollars pour 2025.
Phoenix Motor (OTC PINK:PEVM) veröffentlichte seine Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 4,4 Millionen US-Dollar, was einem Rückgang gegenüber 9,4 Millionen US-Dollar im ersten Quartal 2024 entspricht. Das Unternehmen erzielte eine Bruttomarge von 30,9%, ein Anstieg von 26,6% im Jahresvergleich, während die Betriebskosten auf 3,3 Millionen US-Dollar sanken. Der Nettoverlust betrug 2,8 Millionen US-Dollar im Vergleich zu einem Nettogewinn von 16,8 Millionen US-Dollar im ersten Quartal 2024.
Zu den wichtigsten Erfolgen zählen die Einführung des weltweit ersten drahtlos aufladbaren mittelgroßen elektrischen Shuttle-Busses, die Vorstellung von 40-Fuß-Null-Emissions-Automatikbussen und das Überschreiten von 60 Millionen emissionsfreien Meilen. Das Unternehmen sicherte sich strategische Partnerschaften, darunter eine Kooperation mit Guorun Venture Capital für einen M&A-Fonds in Höhe von 1 Milliarde RMB, und gewann Aufträge von California DGS und Los Angeles County.
Das Management prognostiziert einen Umsatz zwischen 40 und 50 Millionen US-Dollar für 2025.
- Gross margin expanded to 30.9% from 26.6% year-over-year
- Operating expenses reduced significantly to $3.3M from $8.6M in Q1 2024
- Secured $6M loan financing for expansion and working capital
- Won statewide contract with California DGS for zero-emission buses
- Launched innovative wireless charging technology for electric shuttle buses
- Established RMB 1 billion M&A fund with Guorun Venture Capital
- Board approved $5M share repurchase program
- Revenue declined 53% to $4.4M from $9.4M in Q1 2024
- Net loss of $2.8M compared to net income of $16.8M in Q1 2024
- Low cash position of $0.83M as of March 31, 2025
- Total equity decreased to $9.4M from $10.3M in December 2024
Insights
Phoenix Motors shows mixed Q1 results with declining revenue but improved margins amid post-acquisition normalization.
Phoenix Motor's Q1 2025 results present a mixed financial picture with some concerning metrics balanced by operational improvements. Revenue declined significantly to
The gross margin expansion to
The net loss of $2.8 million appears concerning at first glance, especially compared to the previous year's net income of
The company's liquidity position remains tight with just
The forward revenue guidance of
Phoenix's strategic innovations and partnerships strengthen market position despite revenue challenges.
Phoenix Motor's strategic developments showcase a company actively positioning itself at the cutting edge of commercial vehicle electrification technology. The launch of the world's first wirelessly charged medium-duty electric shuttle bus represents a significant technological breakthrough that could reduce operational complexity for fleet operators by eliminating manual charging requirements. This innovation addresses a key friction point in EV adoption and could create meaningful competitive differentiation.
The company's expansion into autonomous vehicle technology across multiple applications—40-foot transit buses, food delivery, and last-mile delivery robots—demonstrates a forward-looking product strategy targeting high-growth segments. These technologies align with industry trends toward automation in commercial transportation, potentially opening new revenue streams beyond traditional vehicle sales.
Phoenix's international expansion initiatives are particularly noteworthy. The formation of EdisonFuture International and the RMB
The statewide contract with California DGS and the Los Angeles County fleet order highlight Phoenix's growing presence in the public sector market, which offers more stable, policy-driven demand. As government zero-emission vehicle mandates intensify, Phoenix's Buy America-compliant platform positions it favorably for public sector contracts.
The 60 million zero-emission miles milestone is particularly impressive for a company of Phoenix's size, suggesting strong product reliability and customer adoption. This operational track record, combined with the strategic appointment of a new CTO focused on drivetrain, software, and autonomous systems, indicates a company building technical capabilities to support its ambitious growth targets.
ANAHEIM, CA / ACCESS Newswire / June 27, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced financial results for the first quarter ended March 31, 2025.
Q1 2025 Financial Highlights
Revenue totaled
$4.4 million , compared to$9.4 million in Q1 2024. The prior-year period benefited from one-time sales of pre-owned transit buses acquired through the Proterra Transit Business acquisition.Gross margin expanded to
30.9% , compared to26.6% in Q1 2024, driven by stronger unit economics on EV and transit bus sales and improved cost discipline.Operating expenses decreased to
$3.3 million , down from$8.6 million in Q1 2024, reflecting effective cost management and a leaner organizational structure.Net loss was
$2.8 million , compared to net income of$16.8 million in Q1 2024, which included a one-time$32.9 million gain related to the Proterra acquisition.Cash and cash equivalents were
$0.83 million as of March 31, 2025, up from$0.76 on December 31, 2024.Total equity was
$9.4 million as of March 31, 2025, compared to equity of$10.3 million on December 31, 2024.
Q1 2025 and Recent Company Highlights
Strategic Innovation & Product Leadership
Launched the world's first wirelessly charged, medium-duty electric shuttle bus, in partnership with InductEV-marking a major milestone in commercial EV innovation.
Unveiled 40-foot zero-emission automated buses in collaboration with ADASTEC Corp., reinforcing Phoenix's leadership in next-generation, autonomous transit solutions.
Expanded autonomous technology development, including AV systems for food and beverage delivery as well as last-mile package pickup and delivery robots.
Surpassed 60 million cumulative zero-emission miles driven, a testament to Phoenix's operational scale, customer trust, and product reliability.
Global Expansion & Strategic Alliances
Formed EdisonFuture International Co., Ltd., to lead international expansion efforts across Asia and other emerging EV markets.
Signed a strategic cooperation agreement with Guorun Venture Capital, establishing an RMB 1 billion M&A fund to support EV manufacturing site development in China.
Announced a strategic collaboration with Noodoe, a leader in EV charging infrastructure, to accelerate adoption of Phoenix's transit and medium-duty vehicles.
Commercial Momentum & Customer Wins
Awarded a statewide contract by the California Department of General Services (DGS) to supply zero-emission buses, expanding Phoenix's market presence with public agencies.
Secured a major fleet order from Los Angeles County, with five all-electric, zero-emission shuttle buses scheduled for delivery.
Corporate & Capital Structure Enhancements
Appointed Tony Zhou as Chief Technology Officer, strengthening Phoenix's innovation leadership across drivetrain, software, and autonomous systems.
Closed a
$6 million loan financing agreement to support expansion, working capital, and increased production capacity.Board approved a
$5 million share repurchase program, reflecting confidence in long-term shareholder value.
"Phoenix Motor continues to chart a bold course in the electrification of commercial transportation," said Denton Peng, CEO of Phoenix Motor. "While Q1 results reflect a return to normalized delivery patterns following the extraordinary revenue from one-time fleet sales last year, we remain squarely focused on sustainable, long-term growth. Our expanded gross margin, leaner operations, and strengthened cost structure demonstrate the early returns of our post-acquisition integration and operational discipline."
"We are building one Phoenix-an agile, coast-to-coast organization with the scale, technology, and vision to lead in zero-emission mobility. As government mandates and incentive programs continue to accelerate electrification across the country, our Buy America-compliant platform, AI-driven innovation, and industry-proven vehicle portfolio position us at the forefront of this market transformation. With growing customer demand, a strong pipeline, and a clear strategic roadmap, we are executing from a position of strength-and remain confident that we will deliver between
About Phoenix Motor Inc.
Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, "Phoenix", which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and "EdisonFuture", which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: phoenixev.ai.
Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.
Contact:
IR@phoenixev.ai
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on ACCESS Newswire
FAQ
What were Phoenix Motor's (PEVM) Q1 2025 revenue and earnings?
How much did Phoenix Motor's (PEVM) gross margin improve in Q1 2025?
What is Phoenix Motor's (PEVM) revenue guidance for 2025?
What major contracts did Phoenix Motor (PEVM) secure in Q1 2025?
What new technology did Phoenix Motor (PEVM) launch in Q1 2025?
How much is Phoenix Motor's (PEVM) share repurchase program?
