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Phoenix Motor Expects Record Revenue Growth and Profitability in 2024, With Further Expansion in 2025

1. PEV forecasts revenue of $30M+ in 2024, up from $3M in 2023. 2. Positive net income expected in 2024, signaling profitability turnaround.

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+0.53%S&P 500
$0.340103/06 04:07 PM EDTEvent Start
$0.327503/07 10:27 PM EDTLatest Updated
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FAQ

Why Very Bullish?

Significant revenue growth projections and transition to profitability are likely to attract investor interest, similar to past trends in companies moving from loss to profit, which often drives stock prices upward.

How important is it?

The article's focus on revenue growth and profitability directly aligns with key investment criteria, significantly impacting stock valuation.

Why Long Term?

If PEV meets revenue targets and maintains profitability, this growth trajectory could sustain long-term investor confidence, reminiscent of companies like Tesla that expanded successfully over multiple years.

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TSLANIOFCEL
Company forecasts $30M+ revenue and positive net income in 2024, with 2025 revenue targeted at $40M-$50M ANAHEIM, CA / ACCESS Newswire / March 6, 2025 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its 2024 and 2025 revenue guidance, highlighting substantial growth and a key inflection point toward profitability. For 2024, Phoenix Motor projects revenue of $30 million to $31 million, a tenfold increase from $3 million in 2023, with the company also expecting to report positive net income-a dramatic turnaround from its net loss in the prior year.

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