Phoenix Motor reports Q2 results
- Phoenix Motor press release (NASDAQ:PEV): Q2 Revenue of $12.03M.
- Gross profit increased to $1.83 million, up from a gross loss of ($0.06) million in Q2 2023
- Net loss improved to $2.26 million compared to a net loss of $3.18 million in Q2 2023
- Cash and cash equivalents were $1.40 million as of June 30, 2024, up from $0.03 million on December 31, 2023
- Total equity increased to $21.86 million as of June 30, 2024, up from negative equity of $4.84 million on December 31, 2023
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