Phoenix Motor Expects Q1 Revenue of $8M-$9M
Author: Benzinga Newsdesk | April 15, 2024 03:50am
Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its revenue guidance for the first quarter of 2024. The company expects to report revenue in the range of $8 million to $9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter.
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