Phoenix Motor to Discuss 2024 Financial Results During Webinar on June 4
Rhea-AI Summary
Phoenix Motor (OTC PINK:PEVM), a manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, will host a webinar on June 4, 2025, at 4:15 p.m. ET to discuss its fiscal year 2024 financial results. The company projects 2024 revenue between $30.7-31.2 million, representing a more than tenfold increase from $3 million in 2023, and expects to report positive net income, marking a significant turnaround from previous losses. For 2025, Phoenix Motor forecasts revenue of $40-50 million, driven by market expansion and strong demand for its zero-emission commercial vehicle solutions. The webinar will feature CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, and CTO Tony Zhou, followed by a Q&A session.
Positive
- Projected revenue growth from $3M in 2023 to $30.7-31.2M in 2024 (>10x increase)
- Expected transition to positive net income in 2024 from previous year's loss
- Forecasted 2025 revenue of $40-50M showing continued growth trajectory
Negative
- None.
A live Q&A session with management will follow the company's prepared remarks
ANAHEIM, CA / ACCESS Newswire / May 7, 2025 / Phoenix Motor Inc. (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on June 4, 2025, at 4:15 p.m. ET.
The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, and CTO Tony Zhou.
Phoenix Motor's leadership team will discuss the company's fiscal year 2024 financial results and provide insight into the company's position as a leader in zero-emission, all-electric commercial transportation solutions. For 2024, Phoenix Motor projects revenue of
A live question and answer session will follow the presentation.
To register for the free webinar, please visit: https://redchip.zoom.us/webinar/register/WN_3dWq_cpnSvarULS-dyUtiA#/registration
Questions can be pre-submitted to PEVM@redchip.com or online during the live event.
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
PEVM@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on ACCESS Newswire
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