Financial Snapshot

Revenue
$24.86M
TTM
Gross Margin
7.8%
TTM
Net Earnings
-$10.82M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
306.54%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$21.86M
Q2 2024
Cash
Q2 2024
P/E
-1.282
Nov 29, 2024 EST
Free Cash Flow
-$3.013M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $3.122M $4.330M $2.977M $4.509M $3.990M
YoY Change -27.9% 45.45% -33.98% 13.01%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $3.122M $4.330M $2.977M $4.509M $3.990M
Cost Of Revenue $3.398M $3.510M $3.540M $4.930M $4.288M
Gross Profit -$276.0K $820.0K -$563.0K -$421.0K -$298.0K
Gross Profit Margin -8.84% 18.94% -18.91% -9.34% -7.47%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $15.26M $13.97M $13.75M $4.833M $5.381M
YoY Change 9.25% 1.6% 184.5% -10.18%
% of Gross Profit 1703.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.191M $1.582M $1.688M $1.205M $582.0K
YoY Change -24.72% -6.28% 40.08% 107.04%
% of Gross Profit 192.93%
Operating Expenses $15.26M $13.97M $13.75M $4.833M $5.381M
YoY Change 9.25% 1.6% 184.5% -10.18%
Operating Profit -$15.54M -$13.15M -$14.31M -$5.254M -$5.679M
YoY Change 18.16% -8.13% 172.42% -7.48%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense -$925.0K -$7.000K -$3.000K -$8.000K -$300.0K
YoY Change 13114.29% 133.33% -62.5% -97.33%
% of Operating Profit
Other Income/Expense, Net $808.0K $454.0K -$287.0K $599.0K $8.000K
YoY Change 77.97% -258.19% -147.91% 7387.5%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$20.62M -$12.70M -$14.60M -$4.663M -$5.971M
YoY Change 62.44% -13.06% 213.17% -21.91%
Income Tax $22.00K $9.000K $11.00K $2.000K $2.000K
% Of Pretax Income
Net Earnings -$20.65M -$12.71M -$14.61M -$4.665M -$5.973M
YoY Change 62.5% -13.06% 213.27% -21.9%
Net Earnings / Revenue -661.27% -293.42% -490.9% -103.46% -149.7%
Basic Earnings Per Share -$0.97 -$0.65 -$0.84
Diluted Earnings Per Share -$0.97 -$0.65 -$724.0K -$66.64K -$85.33K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $31.00K $139.0K $2.683M $15.70M $29.00K
YoY Change -77.7% -94.82% -82.91% 54034.48%
Cash & Equivalents $31.00K $139.0K $2.683M $15.70M $29.00K
Short-Term Investments
Other Short-Term Assets $3.521M $1.344M $528.0K $848.0K $652.0K
YoY Change 161.98% 154.55% -37.74% 30.06%
Inventory $1.796M $4.560M $2.225M $1.545M $3.176M
Prepaid Expenses
Receivables $451.0K $1.510M $1.201M $1.157M $1.695M
Other Receivables $217.0K $168.0K $0.00 $0.00 $0.00
Total Short-Term Assets $6.016M $7.721M $6.637M $19.25M $5.552M
YoY Change -22.08% 16.33% -65.52% 246.7%
Property, Plant & Equipment $1.119M $6.289M $2.205M $2.766M $3.318M
YoY Change -82.21% 185.22% -20.28% -16.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $230.0K $458.0K
YoY Change -49.78%
Total Long-Term Assets $5.620M $12.72M $8.799M $9.978M $3.403M
YoY Change -55.82% 44.58% -11.82% 193.21%
Total Assets $11.64M $20.44M $15.44M $29.23M $8.955M
YoY Change
Accounts Payable $3.529M $1.359M $1.786M $1.356M $1.147M
YoY Change 159.68% -23.91% 31.71% 18.22%
Accrued Expenses $2.229M $1.369M $779.0K $450.0K $281.0K
YoY Change 62.82% 75.74% 73.11% 60.14%
Deferred Revenue
YoY Change
Short-Term Debt $961.0K $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.325M $3.000K $10.00K $22.00K $15.00K
YoY Change 44066.67% -70.0% -54.55% 46.67%
Total Short-Term Liabilities $10.88M $4.789M $4.452M $4.254M $4.408M
YoY Change 127.21% 7.57% 4.65% -3.49%
Long-Term Debt $684.0K $147.0K $756.0K $183.0K $12.00K
YoY Change 365.31% -80.56% 313.11% 1425.0%
Other Long-Term Liabilities $4.910M $3.225M $0.00 $16.17M
YoY Change 52.25% -100.0%
Total Long-Term Liabilities $5.594M $3.372M $756.0K $183.0K $16.18M
YoY Change 65.9% 346.03% 313.11% -98.87%
Total Liabilities $16.48M $8.161M $5.208M $4.437M $20.59M
YoY Change 101.87% 56.7% 17.38% -78.45%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 21.20M 19.66M 17.50M
Diluted Shares Outstanding 21.20M 19.66M 17.50M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $13.87 Million

About PHOENIX MOTOR INC.

Phoenix Motor, Inc. designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles, with an aim to reduce carbon intensity and greenhouse gas emissions. The company is headquartered in Ontario, California and currently employs 30 full-time employees. The company went IPO on 2022-06-08. The firm operates through its wholly owned subsidiaries, Phoenix Cars LLC, Phoenix Motorcars Leasing LLC, and EdisonFuture Motor, Inc. The company designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles (EVs). The company operates two primary brands, Phoenix Motorcars, which is focused on commercial products including medium duty electric vehicles, chargers and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles. The company sells its products both fully integrated into complete vehicles and in kit form to other business partners for integration into complete vehicles. The firm is engaged in the production of its third generation (Gen 3) drivetrain (E-300), offering up to 160 miles in range.

Industry: Truck & Bus Bodies Peers: Envirotech Vehicles, Inc. AYRO, Inc. Cenntro Inc. MULLEN AUTOMOTIVE INC. NU RIDE INC. Electric Last Mile Solutions, Inc. FARADAY FUTURE INTELLIGENT ELECTRIC INC. Tesla, Inc.