Phoenix Motor Reports Record $12M Revenue for Second Quarter of 2024
1. Revenue surged 937% to $12.03 million in Q2 2024. 2. Gross profit reached $1.83 million, a significant turnaround from the previous loss. 3. Net loss improved, decreasing to $2.26 million from $3.18 million year-over-year. 4. New contracts for electric buses enhance growth outlook and market presence. 5. Leadership changes aim to strengthen operations and financial strategy.