---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-119555"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:46:57.199300+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor Q3 2022 revenue down 26% YoY to $409K; net loss widens to $3.9M

## Summary
- Revenue $409K, down 26% YoY; net loss $3.9M vs $2.2M in Q3 2021.
- Gross profit improved to $121K from loss of $49K; margin 29.6% vs -8.8% due to product mix shift to forklifts.
- Nine-month revenue $2.6M (+53.5%); net loss $8.1M vs $6.4M.
- Cash $1.3M; partnership with CATL for battery supply; Gen 4 EV development with IAT.
- Gen 4 vehicles expected in 2023; Gen 5 in 2024; EdisonFuture light-duty EV in 2025.

## SEC filing metadata
- accession: 0001104659-22-119555
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465922119555/0001104659-22-119555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465922119555/tm2230739d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-119555
- JSON: https://secwatch.observer/filing/0001104659-22-119555.json
- Plain text: https://secwatch.observer/filing/0001104659-22-119555.txt

## Key facts
- Earnings Releases
  PHOENIX MOTOR INC. reported the nine months ended September 30, 2022 results: revenue $2.6 million, net income $8.1 million.
  - Period: the nine months ended September 30, 2022
  - Revenue: $2.6 million
  - Net income: $8.1 million
  - Result: reported results
  source text: Revenues for the nine months ended September 30, 2022 were $2.6 million, an increase of 53.5% compared to the prior-year period, primarily driven by the increase in sales of electric forklifts. · Gross profit increased to $566,000 for the most recent nine-month period, compared to a loss of $156,000 for the prior-year period, due to a shift in product mix, particularly attributable to the 20.1% gross margin of electric forklifts products. · Net losses increased to $8.1 million during the nine-month period ending September 30, 2022, compared to $6.4 million in the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465922119555/0001104659-22-119555-index.htm
- Earnings Releases
  PHOENIX MOTOR INC. reported the third quarter ended September 30, 2022 results: revenue $409,000, net income $3.9 million.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $409,000
  - Net income: $3.9 million
  - Result: reported results
  source text: Revenue totaled $409,000 for the third quarter, a decrease of approximately 26% compared to the prior-year period of $554,000 principally due to software-related issues and battery supply constraints that resulted in a delay in delivery of electric vehicles (“EVs”) from the third quarter into the fourth quarter of 2022 and the first quarter of 2023. · Gross profit increased to $121,000 in the third quarter of 2022, compared to a loss of $49,000 in the third quarter of 2021, primarily driven by a shift in the product mix to higher gross margin products, particularly lithium ion powered electric forklifts. · Net losses increased to $3.9 million in the third quarter of 2022, compared to a loss of $2.2 million in the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465922119555/0001104659-22-119555-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.