Company research
PHOENIX MOTOR INC.
CIK 1879848Updated Sep 26, 2026
SecurityPEVM · OTC · equity
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SEC disclosures
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities
Items 1.01, 1.02, 2.03, 3.02, 9.01
8-K filing
Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 3.03, 5.03, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 57,577,000Source | 11,636,000Source | 20,443,000Source | 15,436,000Source |
| Property, Plant and Equipment, NetUSD | 3,784,000Source | 1,119,000Source | 2,492,000Source | 2,205,000Source |
| GoodwillUSD | — | 4,271,000Source | 4,271,000Source | 4,271,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 1,704,000Source | 2,323,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 764,000Source | 31,000Source | 139,000Source | 2,683,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 4,015,000Source | 451,000Source | 1,510,000Source | 1,201,000Source |
| Inventory, NetUSD | 40,760,000Source | 1,796,000Source | 4,560,000Source | 2,225,000Source |
| Assets, CurrentUSD | 52,005,000Source | 6,016,000Source | 7,721,000Source | 6,637,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,699,000Source | 356,000Source | 1,344,000Source | 528,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,724,000Source | — | 3,797,000Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 47,257,000Source | 16,475,000Source | 8,161,000Source | 5,208,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 17,000Source | 9,000Source | 8,000Source | 7,000Source |
| Additional Paid in CapitalUSD | 51,578,000Source | 44,359,000Source | 40,836,000Source | 26,085,000Source |
| Retained Earnings (Accumulated Deficit)USD | -41,275,000Source | -49,207,000Source | -28,562,000Source | -15,857,000Source |
| Stockholders' Equity Attributable to ParentUSD | 10,320,000Source | -4,839,000Source | 12,282,000Source | 10,228,000Source |
| Liabilities and EquityUSD | 57,577,000Source | 11,636,000Source | 20,443,000Source | 15,436,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 26,219,000Source | 10,881,000Source | 4,789,000Source | 4,452,000Source |
| Operating Lease, Liability, CurrentUSD | 1,845,000Source | 1,303,000Source | 719,000Source | — |
| Accounts Payable, CurrentUSD | 4,265,000Source | 3,529,000Source | 1,359,000Source | 1,786,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,239,000Source | 2,696,000Source | 3,225,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 7,716,000Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 6,685,000Source | 926,000Source | 650,000Source | 779,000Source |
| Long-term DebtUSD | 141,000Source | 149,000Source | 150,000Source | 766,000Source |
| Long-term Debt, Current MaturitiesUSD | 3,000Source | 5,000Source | 3,000Source | 10,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 138,000Source | 144,000Source | 147,000Source | 756,000Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 30,339,000Source | -20,645,000Source | -12,705,000Source | -14,614,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,836,000Source | — | 1,582,000Source | 1,688,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 73,000Source | — | 1,046,000Source | 52,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 3,564,000Source | -1,153,000Source | 309,000Source | 144,000Source |
| Increase (Decrease) in InventoriesUSD | -17,456,000Source | -1,748,000Source | 2,526,000Source | 1,367,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -1,946,000Source | -3,652,000Source | -14,866,000Source | -12,939,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -10,113,000Source | -93,000Source | -1,011,000Source | -638,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 113,000Source | 93,000Source | 1,284,000Source | 638,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 9,540,000Source | 6,639,000Source | 13,583,000Source | 561,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,519,000Source | 2,894,000Source | -2,294,000Source | -13,016,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 764,000Source | 3,283,000Source | 389,000Source | 2,683,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,011,000Source | 153,000Source | 6,000Source | 6,000Source |
| Income Taxes Paid, NetUSD | — | 22,000Source | 2,000Source | 2,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | — | 613,000Source | — | — |
| Share-based Payment Arrangement, ExpenseUSD | 73,000Source | 38,000Source | 1,046,000Source | 52,000Source |
| Amortization of Intangible AssetsUSD | — | 613,000Source | 619,000Source | 618,000Source |
| DepreciationUSD | 1,836,000Source | 578,000Source | 963,000Source | 1,070,000Source |
| Gain (Loss) on Disposition of AssetsUSD | -284,000Source | -84,000Source | 48,000Source | -275,000Source |
| GoodwillUSD | — | 4,271,000Source | 4,271,000Source | 4,271,000Source |
| Goodwill, Impairment LossUSD | 4,271,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | 1,091,000Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 3,489,000Source | 22,000Source | 9,000Source | 11,000Source |
| Inventory Write-downUSD | — | 289,000Source | 0Source | 493,000Source |
| Net Income (Loss) Attributable to ParentUSD | 7,932,000Source | -20,645,000Source | -12,705,000Source | -14,614,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 7,932,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 42,389,000Source | -117,000Source | 454,000Source | -290,000Source |
| Operating Lease, ExpenseUSD | 1,276,000Source | 1,126,000Source | 741,000Source | 306,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 3,385,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 213,000Source | 209,000Source | 461,000Source | -287,000Source |
| Proceeds from Issuance of Common StockUSD | — | 1,915,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | — | — | 138,000Source | — |
| Sales-type Lease, Selling Profit (Loss)USD | — | -98,000Source | — | — |
| Stock or Unit Option Plan ExpenseUSD | — | 38,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | 641,000Source | -319,000Source | — | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 31,154,000Source | 3,122,000Source | 4,330,000Source | 2,977,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 33,752,000Source | 14,902,000Source | 13,970,000Source | 13,750,000Source |
| Operating Income (Loss)USD | -30,968,000Source | -20,506,000Source | -13,150,000Source | -14,313,000Source |
| Other Nonoperating Income (Expense)USD | 213,000Source | 209,000Source | 461,000Source | -287,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 11,421,000Source | -20,623,000Source | -12,696,000Source | -14,603,000Source |
| Income Tax Expense (Benefit)USD | 3,489,000Source | 22,000Source | 9,000Source | 11,000Source |
| Net Income (Loss) Attributable to ParentUSD | 7,932,000Source | -20,645,000Source | -12,705,000Source | -14,614,000Source |
| Earnings Per Share, BasicUSD per share | 0.22Source | -0.97Source | -0.65Source | -0.84Source |
| Earnings Per Share, DilutedUSD per share | 0.21Source | -0.97Source | -0.65Source | -0.84Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 35,497,296Source | 21,199,023Source | 19,664,273Source | 17,500,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 36,589,071Source | 21,199,023Source | 19,664,273Source | 17,500,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 613,000Source | 619,000Source | 618,000Source |
| Current Income Tax Expense (Benefit)USD | — | 22,000Source | 9,000Source | 11,000Source |
| Goodwill, Impairment LossUSD | 4,271,000Source | — | — | — |
| Gross ProfitUSD | 7,055,000Source | -276,000Source | 820,000Source | -563,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 11,421,000Source | — | — | — |
| Interest Expense, DebtUSD | 130,000Source | — | — | — |
| Interest Income (Expense), NetUSD | -4,531,000Source | -606,000Source | -7,000Source | -3,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 7,932,000Source | — | — | — |
| Nonoperating Income (Expense)USD | 42,389,000Source | -117,000Source | 454,000Source | -290,000Source |
| Operating Lease, ExpenseUSD | 1,276,000Source | 1,126,000Source | 741,000Source | 306,000Source |
| Sales-type Lease, Selling Profit (Loss)USD | — | -98,000Source | — | — |
Filing attachments
ex4-1.htm · 8-K · 2026-06-05
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 THIS WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE ASSIGNED EXCEPT IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION OR QUALIFICATION THEREFROM. Warrant Original No. 1 …
Read attachment ↗ex4-1.htm · 8-K · 2025-08-05
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 THIS WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. THE SECURITIES MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER APPLICABLE SECURITIES LAWS OR UNLESS OFFERED, SOLD, PLEDGED, HYPOTHECATED OR TRANSFERRE…
Read attachment ↗ex99-1.htm · 8-K · 2025-05-02
EX-99.1 2 ex99-1.htm EX-99.1 Exhibit 99.1 Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter Anaheim, CA, May 2, 2025 - Phoenix Motor Inc. (Nasdaq: PEV) (the “Company”) today announced that it received a notice (the “Notice”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is no longer in compliance with Listing Rule 5250(c)(1) due to its failure to file its Annual Report on Form 10…
Read attachment ↗ex99-1.htm · 8-K · 2025-03-25
EX-99.1 2 ex99-1.htm Exhibit 99.1 Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program ANAHEIM, CA / ACCESSWIRE / March 25, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock. “We believe th…
Read attachment ↗ex4-1.htm · 8-K · 2025-03-21
EX-4.1 2 ex4-1.htm Exhibit 4.1 Senior Secured Note THIS SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO…
Read attachment ↗ex99-1.htm · 8-K · 2025-03-21
EX-99.1 7 ex99-1.htm Exhibit 99.1 Phoenix Motor Announces $6 Million Loan Financing Agreement to Support Expansion and Production Growth ANAHEIM, CA - March 19, 2025 - Phoenix Motor Inc. (Nasdaq: PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced it has secured a $6 million loan financing agreement with J.J. Astor & Co. The funding will support Phoenix Motor’s expansion efforts, including increased operat…
Read attachment ↗