Phoenix Motor reschedules Q1 earnings call for September 9 Page 1

The company reiterates its record revenue forecast for Q1 2024

ANAHEIM, CA / ACCESSWIRE / August 14, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and provider of electrification solutions for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The company expects to report record revenue of $9.4 million for the first quarter, exceeding the previously issued guidance range of $8 million to $9 million. The record quarterly revenue represents a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company’s previous record revenue quarter. Phoenix Motor also expects to report record gross profit and record net income for the first quarter of 2024.

Updated Q1 2024 Conference Call Details: