PEV Earnings Prediction
The chart below shows how PEV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PEV sees a +11.23% change in stock price 10 days leading up to the earnings, and a -21.28% change 10 days following the report. On the earnings day itself, the stock moves by -1.85%. This data can give you a slight idea of what to expect for the next quarter's release.
PEV Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
9.42M
428.92%
--
Gross Margin
26.59%
173.84%
--
Operating Margin
-65.22%
-68.38%
--
Net Margin
157.10%
200.72%
--
EPS
0.44
438.46%
-145.36%
No Data Available
PEV Earnings Analysis
Phoenix Motor Inc. Common Stock Corporation (PEV.O) Earnings Conference Call
Positive
Zero-Emission Bus Market Expansion: Phoenix Motor's acquisition of one of the largest zero-emission bus manufacturers in the U.S. significantly enhanced capabilities, delivering over 1,000 buses and capturing a 40% market share in North America.
Significant Revenue Increase: Net revenues increased significantly to $9.4 million, a substantial rise from $1.8 million in the prior-year period, driven by the successful acquisition of Proterra Transit business contributing $9 million in revenue.
Gross Profit Surge: Gross profit for the quarter increased to $2.5 million, up from $0.2 million in the same period last year, resulting in a gross margin of 26.6% compared to 9.7% previously.
Record Net Income Achievement: Net income reached a record $14.8 million or $0.49 per share, marking a remarkable turnaround from a net loss experienced in the same period last year.
Asset Growth and Compliance: Total assets increased to $78.7 million, demonstrating strong financial health and compliance with key NASDAQ listing standards.
Negative
Acquisition-Driven Revenue Growth: Our net revenues increased significantly to $9.4 million, but this was primarily driven by the acquisition of Proterra Transit, which contributed $9 million in revenue, indicating reliance on this acquisition for growth.
Revenue Performance Insights: While cash flow constraints impacted the number of delivery completed in the first quarter, our overall revenue performance highlighted the strategic importance of this acquisition, suggesting underlying operational challenges.
Asset Growth and Liquidity Concerns: Our total assets increased to $78.7 million, while our net assets rose to $23.7 million, indicating potential liquidity issues as the company expands its asset base without proportional revenue growth.
Net Income Analysis: The net income for Q1 was recorded at $14.8 million or $0.49 per share, primarily influenced by the significantly bargain inventory purchase gain of $32.9 million, which may not be sustainable in future periods.
Revenue Growth Concerns: We expect to report $12 million revenue for Q2, up more than 20% sequentially, which raises concerns about the sustainability of growth given the previous reliance on acquisitions and inventory gains.
PEV FAQs
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PEV Earning Call Sentiment
Phoenix Motor Inc. (PEV) Q1 2024 Earnings Call Transcript
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00:00
00:00
PEV.O
-3.34%Positive
The company's acquisition of Proterra and strong financial performance, including a 422% revenue increase and improved gross margins, indicate a robust outlook. The waiver of a convertible note and capital raise enhance financial flexibility. Despite potential acquisition and supply chain risks, the strategic focus on high-growth segments and market leadership in electric buses are strong positives. Without any negative sentiment from the Q&A, the overall sentiment is strongly positive, suggesting a stock price increase of over 8% in the short term.
