Phoenix Motor to Discuss 2024 Financial Results During Webinar on June 4
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.
Phoenix Motor (OTC PINK:PEVM), produttore di autobus pesanti per il trasporto pubblico e soluzioni di elettrificazione per veicoli di media portata, terrà un webinar il 4 giugno 2025 alle 16:15 ET per presentare i risultati finanziari dell'anno fiscale 2024. L'azienda prevede un fatturato per il 2024 compreso tra 30,7 e 31,2 milioni di dollari, segnando un incremento di oltre dieci volte rispetto ai 3 milioni del 2023, e si aspetta di riportare un utile netto positivo, segnando un'importante inversione di tendenza rispetto alle perdite precedenti. Per il 2025, Phoenix Motor stima un fatturato tra 40 e 50 milioni di dollari, trainato dall'espansione del mercato e dalla forte domanda per le sue soluzioni di veicoli commerciali a zero emissioni. Il webinar vedrà la partecipazione del CEO Denton Peng, del CFO Michael Yung, del COO Lewis Liu, del CRO Jose Paul Plackal e del CTO Tony Zhou, seguito da una sessione di domande e risposte.
Phoenix Motor (OTC PINK:PEVM), fabricante de autobuses de tránsito pesado y soluciones de electrificación para vehículos de media carga, organizará un seminario web el 4 de junio de 2025 a las 4:15 p.m. ET para discutir sus resultados financieros del año fiscal 2024. La compañía proyecta ingresos para 2024 entre 30.7 y 31.2 millones de dólares, lo que representa un aumento de más de diez veces respecto a los 3 millones en 2023, y espera reportar un ingreso neto positivo, marcando un importante cambio respecto a pérdidas anteriores. Para 2025, Phoenix Motor pronostica ingresos de 40 a 50 millones de dólares, impulsados por la expansión del mercado y la fuerte demanda de sus soluciones de vehículos comerciales de cero emisiones. El seminario web contará con la participación del CEO Denton Peng, el CFO Michael Yung, el COO Lewis Liu, el CRO Jose Paul Plackal y el CTO Tony Zhou, seguido de una sesión de preguntas y respuestas.
Phoenix Motor (OTC PINK:PEVM)는 중형 차량용 전동화 솔루션과 중대형 버스 제조업체로서, 2025년 6월 4일 오후 4시 15분(동부시간)에 2024 회계연도 재무 결과를 논의하는 웨비나를 개최합니다. 회사는 2024년 매출을 3,070만~3,120만 달러로 예상하며, 이는 2023년 300만 달러 대비 10배 이상 증가한 수치입니다. 또한 순이익 흑자를 기록할 것으로 기대되어 이전의 적자에서 크게 전환될 전망입니다. 2025년에는 시장 확장과 제로 배출 상용차 솔루션에 대한 강한 수요로 4,000만~5,000만 달러의 매출을 예측하고 있습니다. 웨비나에는 CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, CTO Tony Zhou가 참여하며, 이후 질의응답 시간이 진행됩니다.
Phoenix Motor (OTC PINK:PEVM), fabricant d'autobus de transport en commun lourds et de solutions d'électrification pour véhicules de moyenne capacité, organisera un webinaire le 4 juin 2025 à 16h15 ET pour présenter ses résultats financiers de l'exercice 2024. La société prévoit un chiffre d'affaires 2024 compris entre 30,7 et 31,2 millions de dollars, soit une augmentation de plus de dix fois par rapport aux 3 millions de dollars de 2023, et s'attend à enregistrer un bénéfice net positif, marquant un retournement significatif par rapport aux pertes précédentes. Pour 2025, Phoenix Motor prévoit un chiffre d'affaires de 40 à 50 millions de dollars, porté par l'expansion du marché et une forte demande pour ses solutions de véhicules commerciaux zéro émission. Le webinaire réunira le PDG Denton Peng, le directeur financier Michael Yung, le directeur des opérations Lewis Liu, le directeur commercial Jose Paul Plackal et le directeur technique Tony Zhou, suivi d'une séance de questions-réponses.
Phoenix Motor (OTC PINK:PEVM), ein Hersteller von schweren Transitbussen und Elektrifizierungslösungen für mittelgroße Fahrzeuge, veranstaltet am 4. Juni 2025 um 16:15 Uhr ET ein Webinar, um die Finanzergebnisse des Geschäftsjahres 2024 zu besprechen. Das Unternehmen prognostiziert einen Umsatz für 2024 zwischen 30,7 und 31,2 Millionen US-Dollar, was einer mehr als zehnfachen Steigerung gegenüber den 3 Millionen US-Dollar im Jahr 2023 entspricht, und erwartet einen positiven Nettogewinn, was eine bedeutende Wende gegenüber früheren Verlusten darstellt. Für 2025 prognostiziert Phoenix Motor Umsätze von 40 bis 50 Millionen US-Dollar, angetrieben durch Markterweiterung und starke Nachfrage nach seinen emissionsfreien Nutzfahrzeuglösungen. Das Webinar wird von CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal und CTO Tony Zhou geleitet, gefolgt von einer Fragerunde.
- 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
- 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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