Phoenix Motor Drops Despite Revenue Surge, New EV Contracts
Phoenix Motor Drops Despite Revenue Surge, New EV Contracts
Additionally, Phoenix Motor inked a contract to supply four all-electric transit buses to the University of California, San Diego, with deliveries scheduled for early 2025.Phoenix Motor Inc. (NASDAQ:PEV) shares are trading lower on Friday. On Thursday, the company reported a substantial increase in the second-quarter results.
鳳凰汽車股份有限公司（納斯達克: PEV）股價週五下跌。公司週四報告稱，第二季度業績大幅增長。
Net revenues rose to $12.03 million from $1.16 million in the prior year quarter.
淨營收從去年同期的116萬美元增至1203萬美元。
In May 2024, the company delivered five 40′ ZX5 battery electric buses to the University of California, Irvine (UCI).
2024年5月，該公司向加州大學爾灣分校（UCI）交付了五輛40英尺ZX5電池電動公交車。
Additionally, Phoenix Motor inked a contract to supply four all-electric transit buses to the University of California, San Diego, with deliveries scheduled for early 2025.
此外，鳳凰汽車簽署合同向加州大學聖地亞哥分校提供四輛全電動公交車，交付計劃於2025年初。
Gross profit was $1.83 million vs. gross loss of $(0.06) million in the prior year quarter.
毛利潤爲183萬美元，而去年同期毛虧損爲(0.06)百萬美元。
EPS increased to $(0.06) from a loss of $(0.15) in the prior year period.
每股收益從去年同期的(0.15)虧損提高至(0.06)美元。
As of June 30, 2024, cash and cash equivalents stood at $1.40 million.
截至2024年6月30日，現金及現金等價物爲140萬美元。
Denton Peng, CEO of Phoenix Motor, said, "This success is largely attributed to the rapid integration of our new transit segment, which currently forms the cornerstone of our operations."
鳳凰汽車首席執行官鄧東說：「這一成功主要歸功於我們新公交領域的快速整合，這目前是我們運營的支柱。」
"With the electric vehicle market continuing to grow, we believe Phoenix Motor is well-positioned to meet the rising demand for clean energy solutions, creating sustainable value for our shareholders and driving long-term growth."
隨着電動車市場持續增長，我們相信Phoenix Motor已經處於一個良好的位置，以滿足對清潔能源解決方案不斷增長的需求，爲我們的股東創造可持續價值並推動長期增長。
Price Action: PEV shares were down 3.6% at $0.44 on Friday's last check.
價格走勢：PEV股價在上週五最後一次檢查時下跌了3.6%，報0.44美元。
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Photo: Shutterstock
Photo: shutterstock
