Phoenix Motor Q3 net loss narrows to $2.7M; selected as successful bidder for Proterra Transit assets

PHOENIX MOTOR INC.

2023-Q3 EPS reported -$0.41 revenue$3,227,000

Net revenues down 30% to $0.3M; net loss improved to $2.7M from $3.9M in Q3 2022.
Gross profit $0.0M compared to $0.1M in prior year.
Entered electric school bus market with initial order for 10 zero-emission buses from D.C.
Successful bidder for Proterra Transit business assets in Chapter 11 auction, subject to court approval.
Launched Electric Retrofit Solutions, green hydrogen initiative, V2G partnership; Gen 4 development progressing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

PHOENIX MOTOR INC. reported third quarter of 2023 results: revenue $0.3 million, net income $2.7 million.

Period: third quarter of 2023
Revenue: $0.3 million
Net income: $2.7 million
Result: reported results

Exact text from the filing

revenues decreased 30% to $0.3 million, compared to $0.4 million in Q3 2022, as revenue decreased from both electric vehicle and forklift sales.

View on SEC.gov

Browse all earnings releases →

PHOENIX MOTOR INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-118203

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.