Phoenix Motor Inc. (NASDAQ:PEV) shares are jumping premarket on Friday. On Thursday, the company disclosed its 2024 and 2025 revenue guidance. For 2024, the company sees revenue of $30 million – $31 ...

Company forecasts $30M+ revenue and positive net income in 2024, with 2025 revenue targeted at $40M-$50M The commercial EV market is projected to grow at a 26.4% CAGR, reaching $55.9 billion by 2029.

Revenue increased 898% to $31.1 million, up from $3.1 million in FY 2023 Gross profit increased to $7.1 million, up from a gross loss of $276k in FY 2023 Gross margin expanded 3,240 basis points to 23 ...

Revenue increased 1,557% to $4.77 million, up from $0.18 million in Q3 2023 Gross profit increased to $1.12 million, up from a gross loss of $5,000 in Q3 2023 Net loss was $5.59 million compared to a ...