Phoenix Motor Reschedules Q1 Earnings Call to September 23
Phoenix Motor (Nasdaq: PEV) has rescheduled its Q1 2024 earnings call to September 23, 2024, at 4:30 p.m. ET. The company reiterates its record revenue guidance for Q1 2024, expecting to report $9.4 million in revenue, surpassing the previous guidance range of $8-9 million. This represents a significant increase from the $1.8 million recorded in Q1 2023, which was the company's previous record quarter.
Phoenix Motor, a leading manufacturer of heavy-duty transit buses and electrification solutions provider, also anticipates reporting record gross profit and net income for Q1 2024. The earnings call will be accessible via phone and webcast, with a replay available until October 7, 2024.
Phoenix Motor (Nasdaq: PEV) ha riprogrammato la sua chiamata sugli utili per il primo trimestre del 2024 al 23 settembre 2024, alle 16:30 ET. L'azienda ribadisce la sua guida ai ricavi record per il primo trimestre del 2024, prevedendo di riportare 9,4 milioni di dollari di ricavi, superando il precedente intervallo di previsione di 8-9 milioni di dollari. Questo rappresenta un notevole aumento rispetto ai 1,8 milioni di dollari registrati nel primo trimestre del 2023, che era stato il trimestre record precedente dell'azienda.
Phoenix Motor, un importante produttore di autobus a lungo raggio e fornitore di soluzioni di elettrificazione, prevede inoltre di riportare un utile lordo e un utile netto record per il primo trimestre del 2024. La chiamata sugli utili sarà accessibile tramite telefono e webcast, con una registrazione disponibile fino al 7 ottobre 2024.
Phoenix Motor (Nasdaq: PEV) ha reprogramado su conferencia de resultados del primer trimestre de 2024 para el 23 de septiembre de 2024, a las 4:30 p.m. ET. La compañía reitera su guía de ingresos récord para el primer trimestre de 2024, esperando reportar 9,4 millones de dólares en ingresos, superando el rango de guía anterior de 8-9 millones de dólares. Esto representa un aumento significativo respecto a los 1,8 millones de dólares registrados en el primer trimestre de 2023, que había sido el trimestre récord anterior de la compañía.
Phoenix Motor, un fabricante líder de autobuses de tránsito de servicio pesado y proveedor de soluciones de electrificación, también anticipa reportar récord en ganancias brutas y en ingresos netos para el primer trimestre de 2024. La conferencia de resultados será accesible por teléfono y por webcast, con una repetición disponible hasta el 7 de octubre de 2024.
피닉스 모터(Nasdaq: PEV)는 2024년 1분기 실적 발표 전화를 2024년 9월 23일 오후 4시 30분(동부 표준시)으로 재조정했습니다. 회사는 2024년 1분기 기록적인 수익 전망을 다시 한 번 강조하며, 940만 달러의 수익을 보고할 것으로 예상하고 있으며, 이는 이전의 800-900만 달러 범위를 초과하는 수치입니다. 이는 2023년 1분기에 기록된 180만 달러와 비교할 때 상당한 증가를 의미하며, 이때는 회사의 이전 기록 분기였습니다.
피닉스 모터는 중대형 전환 버스와 전기화 솔루션 제공업체의 선두 제조업체로서 2024년 1분기에 기록적인 총 이익 및 순이익을 보고할 것으로 기대하고 있습니다. 실적 발표 전화는 전화 및 웹캐스트를 통해 접근할 수 있으며, 2024년 10월 7일까지 재청취가 가능합니다.
Phoenix Motor (Nasdaq: PEV) a reprogrammé sa conférence sur les résultats du premier trimestre 2024 au 23 septembre 2024, à 16h30 ET. L'entreprise réitère sa prévision de chiffre d'affaires record pour le premier trimestre 2024, prévoyant de reporter 9,4 millions de dollars de revenus, dépassant ainsi la fourchette de prévision précédente de 8 à 9 millions de dollars. Cela représente une augmentation significative par rapport aux 1,8 million de dollars enregistrés au premier trimestre 2023, qui était le trimestre record précédent de l'entreprise.
Phoenix Motor, un fabricant de premier plan d'autobus lourds et fournisseur de solutions d'électrification, anticipe également de faire état de marges bénéficiaires brutes et de revenus nets records pour le premier trimestre 2024. La conférence sur les résultats sera accessible par téléphone et par webcast, avec un rediffusion disponible jusqu'au 7 octobre 2024.
Phoenix Motor (Nasdaq: PEV) hat seine Ergebnisbesprechung für das erste Quartal 2024 auf den 23. September 2024 um 16:30 Uhr ET verschoben. Das Unternehmen betont erneut seine Rekordumsatzprognose für das erste Quartal 2024 und erwartet einen Umsatz von 9,4 Millionen Dollar, was die vorherige Prognose von 8-9 Millionen Dollar übertrifft. Dies stellt einen erheblichen Anstieg von 1,8 Millionen Dollar im ersten Quartal 2023 dar, welches das zuvor rekordverdächtige Quartal des Unternehmens war.
Phoenix Motor, ein führender Hersteller von schweren Überlandbussen und Anbieter von Elektrifizierungslösungen, erwartet ebenfalls, rekordverdächtige Bruttogewinne und Nettogewinne für das erste Quartal 2024 zu berichten. Die Ergebnisbesprechung wird per Telefon und Webcast zugänglich sein, mit einer Wiederholung, die bis zum 7. Oktober 2024 verfügbar sein wird.
- Anticipated record Q1 2024 revenue of $9.4 million, exceeding previous guidance
- Significant revenue increase from $1.8 million in Q1 2023 to $9.4 million in Q1 2024
- Expected record gross profit for Q1 2024
- Projected record net income for Q1 2024
- None.
Insights
Phoenix Motor's Q1 2024 revenue projection of
The anticipated record gross profit and net income are particularly noteworthy for an emerging EV company, as many struggle with profitability. This could signal improved operational efficiency, economies of scale, or favorable pricing power. Investors should closely examine the full financial report to understand the drivers behind this exceptional performance and assess its sustainability.
The substantial revenue growth of Phoenix Motor hints at a potential shift in the commercial EV market. The company's focus on heavy-duty transit buses and medium-duty vehicle electrification solutions appears to be gaining traction, possibly due to increased adoption of clean energy solutions in public transportation and commercial fleets.
This performance could indicate a broader industry trend towards electrification in these sectors, driven by factors such as government incentives, corporate sustainability goals, or improved total cost of ownership for electric vehicles. Investors should monitor whether this growth is company-specific or reflective of a larger market movement, as it could have implications for the entire commercial EV ecosystem.
The Company reiterates its record revenue guidance for Q1 2024
ANAHEIM, CA / ACCESSWIRE / September 9, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The Company expects to report a record
Updated Q1 2024 Conference Call Details:
The Company has rescheduled its first quarter 2024 earnings call to Monday, September 23, 2024, at 4:30 p.m. ET.
Event: | Phoenix Motor First Quarter 2024 Financial Results Conference Call |
Date: | Monday, September 23, 2024 |
Time: | 4:30 p.m. Eastern Time |
Live Call: | +1-877-407-9039 (U.S. Toll-Free) or +1-201-689-8470 (International) |
Webcast (audio only) | https://viavid.webcasts.com/starthere.jsp?ei=1672558&tp_key=9373f16cb7 |
Conf. ID: | 13747425 |
For interested individuals unable to join the conference call, a dial-in replay of the call will be available until October 7, 2024, and can be accessed by dialing +1-844-512-2921 (U.S. Toll Free) or +1-412-317-6671 (International) and entering replay pin number: 13747425.
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, "PhoenixEV", 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: www.phoenixmotorcars.com.
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:
marketing@phoenixmotorcars.com
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on accesswire.com
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