---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-093596"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:32:22.388309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor Q2 revenue $1.2M down 23% YoY; net loss widens to $3.2M

## Summary
- Net revenue $1.2M vs $1.5M in Q2 2022; electric vehicle sales up ~80% but offset by forklift decline.
- Gross loss of $61K compared to gross profit of $325K in prior year; net loss $(3.2)M vs $(2.0)M.
- Over half of vehicle deliveries were leases; if classified as sales, revenue would have been ~$2.2M.
- Secured purchase order for 13 zero-emission vehicles from Los Angeles World Airports (LAWA).
- Gen 4 start-of-production expected in 2023; Gen 5 ground-up chassis targeted for 2024.

## SEC filing metadata
- accession: 0001104659-23-093596
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465923093596/0001104659-23-093596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465923093596/tm2324206d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-093596
- JSON: https://secwatch.observer/filing/0001104659-23-093596.json
- Plain text: https://secwatch.observer/filing/0001104659-23-093596.txt

## Key facts
- Earnings Releases
  PHOENIX MOTOR INC. reported the quarter ended June 30, 2023 results: revenue $1.2 million, net income $3.2 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $1.2 million
  - Net income: $3.2 million
  - Result: reported results
  source text: Net revenues decreased 23% to $1.2 million, compared to $1.5 million in Q2 2022, as a significant increase in revenue from electric vehicle sales was more than offset by a decline in forklift sales.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465923093596/0001104659-23-093596-index.htm

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