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Phoenix Motor inc   (PEV)
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Price: $1.1400 $-0.21 -15.556%
Day's High: $1.39 Week Perf: -11.63 %
Day's Low: $ 1.14 30 Day Perf: 52 %
Volume (M): 163 52 Wk High: $ 2.03
Volume (M$): $ 186 52 Wk Avg: $0.93
Open: $1.37 52 Wk Low: $0.53



 Market Capitalization (Millions $) 24
 Shares Outstanding (Millions) 21
 Employees -
 Revenues (TTM) (Millions $) 6
 Net Income (TTM) (Millions $) -17
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 1

Phoenix Motor Inc


   Company Address: 1500 Lakeview Loop Anaheim 92807
   Company Phone Number: 978-0815   Stock Exchange / Ticker: NASDAQ PEV
   PEV is expected to report next financial results on March 30, 2024.


   

Stock Performances by Major Competitors

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Phoenix Motor Inc

Headline: Phoenix Motor Inc Faces Challenging Third Quarter in 2023 as Construction and Mining Machinery Company Declares Arduous Times



Phoenix Motor Inc, a prominent player in the Construction and Mining Machinery sector, recently disclosed its financial results for the July to September 30, 2023 period. Despite reporting a decrease in losses per share and an improvement in earnings per share compared to previous periods, the company faced alarming setbacks in terms of revenue decline, net deficit, and inventory levels. This article will delve into these factors, further substantiating the bearish sentiment surrounding Phoenix Motor Inc's stock.
Declining Revenue:
In a stark contrast to its competitors in the Construction and Mining Machinery sector, Phoenix Motor Inc experienced a notable decline in revenue. During the July to September 30, 2023 period, the company's revenue crumbled by a significant -29.584% from $0.41 million to a mere $0.29 million, as compared to the same period a year ago. Moreover, the sequential revenue drop was even more alarming, with a staggering -69.329% decrease from $0.94 million. This decline in revenue is a major concern, especially when the sector as a whole witnessed revenue improvement.

Nxu Inc

Nxu Inc Reports Q3 2023 Revenue of $0.103 Million Amidst Challenging Economic Climate

The recent financial results of the Construction and Mining Machinery company reveal that in the July to September 30, 2023 interval, the company generated $0.103 million in revenue. While this figure may seem modest, it is noteworthy that the company has managed to maintain or improve its financial position compared to the same reporting period the previous year. This represents a significant improvement as the company reported a net loss of $-10.951 million in the recent quarter, compared to a more substantial deficit of $-16.148 million in the comparable period a year ago.
Despite the net loss, Nxu Inc has demonstrated resilience and progress in its financial performance. It is vital to consider the broader context surrounding Nxu Inc and its recent announcement regarding the launch of a subscription service in the EV charging sector. With the global shift towards a more sustainable future and the increasing adoption of electric vehicles, the demand for efficient and rapid charging solutions has skyrocketed. Nxu Inc, recognizing this growing need, has positioned itself as an industry leader by providing powerful charging capabilities and a unique lounge experience through its subscription service.
The lack of sufficient charging infrastructure has long been a barrier for EV owners, and Nxu Inc's innovative approach aims to address this challenge. By offering a subscription-based service, Nxu Inc not only focuses on the speed and convenience of charging but also provides a sustainable and cost-effective solution for its customers. This strategic move places the company in a favorable position to capitalize on the expanding market and gain a competitive edge.

Urban Gro Inc

Urban Gro Inc Shows Remarkable Reduction in Third Quarter 2023 Shortfall, Reflecting Stellar Performance



As we delve deep into Urban Gro Inc's most recent fiscal period, it becomes apparent that the company's revenue has experienced an energetic advance of 68.631% to reach $20.86 million. This remarkable growth has fueled a significant reduction in losses per share, from $-0.81 in the comparable quarter last year to $-0.29. Urban Gro Inc's impressive financial achievements have outperformed many of its peers in the Construction and Mining Machinery sector.
Rapid Revenue Advancement:
Compared to other businesses in the Construction and Mining Machinery industries, Urban Gro Inc has achieved exceptional growth. In the third quarter of 2023, the business experienced a staggering 9.56% increase, outshining its competitors. This positive momentum is indicative of Urban Gro Inc's successful business strategies and its ability to stay ahead in a competitive market.

Miller Industries Inc

Miller Industries Inc Reports Impressive Growth in Fiscal Year 2023, with Doubled Income Per Share



Miller Industries Inc, a leading company in its industry, recently released its financial results for the fiscal year ending September 30, 2023. The report showcases significant growth in both revenue and income per share, reflecting the company's strong performance. Additionally, the company's improving profit margins, inventory levels, and accounts receivable provide further insights into its financial standing.
Key Facts:
1. Income Per Share Doubled: In fiscal year 2023, Miller Industries Inc saw a remarkable increase in income per share, which more than doubled by 230.43%. The figure rose to $1.52 per share from $1.29 per share in the previous reporting season.

Aersale Corporation

AerSale Corporation Soars to New Heights, Reporting Impressive $92.474 Million in Revenue for Q3 2023



Aersale Corporation, a leader in the Construction and Mining Machinery sector, has reported strong financial results in the third fiscal quarter of 2023, demonstrating its ability to overcome challenges and deliver growth. The company's balanced books, coupled with significant revenue growth, have garnered the attention of investors looking for promising opportunities in the market.
For the fiscal period of July to September 30, 2023, Aersale Corporation achieved a remarkable milestone by reaching balanced books, with earnings of $0.00 per share. This significant improvement is a testament to the company's successful efforts to turn around its financial performance, as it marks a substantial improvement from the loss of $0.17 per share reported a year earlier and the loss of $0.08 per share from the prior reporting season.






 

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