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Phoenix Motor Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 12.03 million compared to USD 1.16 million a year ago. Net loss was USD 2.26 million compared to USD 3.18 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.15 a year ago. For the six months, sales was USD 21.45 million compared to USD 2.94 million a year ago. Net income was USD 12.54 million compared to net loss of USD 5.96 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to basic loss per share from continuing operations of USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to diluted loss per share from continuing operations of USD 0.28 a year ago.
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Revenue | 12.03 | 9.42 | -0.105 | 0.288 |
Gross Profit | 1.83 | 2.5 | -0.383 | -0.005 |
Operating Income | -7.1 | -6.14 | -6.17 | -2.54 |
Net Income | -2.26 | 14.8 | -11.98 | -2.71 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Total Assets | 67.47 | 78.73 | 11.64 | 15.73 |
Total Liabilities | 45.61 | 55.06 | 16.48 | 10.68 |
Total Equity | 21.86 | 23.67 | -4.84 | 5.04 |
Period Ending: | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | 2.3 | -3.9 | -1.11 | -0.864 |
Cash From Investing Activities | -0.766 | -10.11 | 0.069 | 0.604 |
Cash From Financing Activities | -2.93 | 13.53 | 3.89 | 0.064 |
Net Change in Cash | -1.4 | -0.487 | 2.85 | -0.196 |
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