OTC: PEVM
PHOENIX MOTOR INC.CIK 0001879848 · Truck & Bus Bodies
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Latest financial statements
From 10-Q filed Nov 12, 2025 (period ending Sep 30, 2025). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q3 ended Sep 30, 2025 | Nine months ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 2.5 | |
| Cost of revenue / cost of sales | 1.8 | |
| Gross profit | 0.7 | |
| Operating expenses: | ||
| Selling, general and administrative | 2.6 | |
| Operating income | (2.0) | |
| Other income/(expense), net | (1.7) | |
| Income before income taxes | (3.7) | |
| Income tax expense/(benefit) | 0.01 | |
| Net income | (3.7) | |
| Basic earnings per share | (0.33) | |
| Diluted earnings per share | (0.30) | |
Consolidated Balance Sheets (Unaudited)
| Description | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 0.3 | 0.1 |
| Accounts receivable, net | 3.6 | 4.0 |
| Inventories | 1.0 | 1.0 |
| Prepaid expenses and other current assets | 1.4 | 2.1 |
| Other current assets | 42.0 | 43.1 |
| Total current assets | 48.3 | 50.3 |
| Property, plant and equipment, net | 2.5 | 2.9 |
| Operating lease right-of-use assets, net | 0.9 | 1.2 |
| TOTAL ASSETS | 51.8 | 54.5 |
| Current liabilities: | ||
| Current portion of long-term debt | — | — |
| Line of credit | 0.5 | |
| Accounts payable | 4.2 | 3.8 |
| Current portion of operating lease liabilities | 1.4 | 1.7 |
| Accrued liabilities | 7.8 | 8.4 |
| Deferred revenue, current | 1.1 | 1.2 |
| Other current liabilities | 17.2 | 15.3 |
| Total current liabilities | 32.3 | 30.4 |
| Long-term debt | 0.1 | 0.1 |
| Operating lease liabilities | 0.3 | 0.4 |
| Deferred income taxes and other liabilities | 7.7 | 7.7 |
| Other long-term liabilities | 6.1 | 8.0 |
| Total liabilities | 46.4 | 46.7 |
| Shareholders' equity: | ||
| Common stock | 0.02 | 0.02 |
| Capital in excess of stated value | 55.0 | 53.8 |
| Retained earnings (deficit) | (49.7) | (46.0) |
| Total shareholders' equity | 5.3 | 7.8 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 51.8 | 54.5 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Nine months ended Sep 30, 2025 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (5.8) | (5.0) |
| Financing Activities: | ||
| Net cash from financing activities | 5.3 | 4.3 |
| Net increase/(decrease) in cash | (0.5) | (0.7) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗