Q4 2024 Phoenix Motor Inc Earnings Call Transcript

Jun 4, 2025 / 08:15 PM GMT

Release Date Price: $10.5 (-6.67%)

Transcript 10-K

Key Points

Positve

Phoenix Motor Inc (PEVM) reported a significant revenue increase of nearly 900% year-over-year, reaching $31.1 million.
The company achieved profitability with a net income of $7.9 million, a substantial turnaround from a net loss of $20.6 million the previous year.
Gross profit improved to $7.1 million, with a gross margin expansion to 23.6%, highlighting effective cost management.
Phoenix Motor Inc (PEVM) has expanded its product portfolio, including electric transit buses, shuttle and school buses, utility trucks, and delivery vehicles.
The company secured a contract with the California Department of General Services and an order for electric shuttle buses from Los Angeles County, enhancing its market presence.

Negative

The positive net income was largely due to a one-time $50 million purchase gain from the Proterra acquisition, while actual operations posted a loss of over $30 million.
Phoenix Motor Inc (PEVM) faces challenges with limited cash runway and recurring operating losses.
There are ongoing issues with legacy products, including customer complaints about a lack of parts and support.
The company has not yet repurchased any shares due to existing restrictions.
Phoenix Motor Inc (PEVM) is still awaiting approval to regain its Nasdaq listing, currently being delayed by FINRA.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PEVM.PK - Phoenix Motor Inc
Q4 2024 Phoenix Motor Inc Earnings Call
Jun 04, 2025 / 08:15PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello everyone, this is Craig with Red Chip Companies.

Thank you for joining today's event with the Phoenix Motor, which trades under the ticker PEVM. With us today we have Denton Peng, Chief Executive Officer of Phoenix Motor. We have Jose Paul, Chief Commercial Officer, and we have Michael Young, Chief Financial Officer. We will begin with a brief presentation in a moment, and then we will answer your questions. Users may submit a question at any time by using the Q&A tool at the bottom of the zoom window. Before we begin, please allow me to read the safe harbor statements. This call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1,995, all statements pertaining to

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.