$PEVM
PHOENIX MOTOR INC.
CIK:0001879848|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
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| Income Statement [Abstract] | ||||||
| Revenues | $ 2,491 | $ 4,772 | $ 9,644 | $ 26,224 | ||
| Cost of revenues | 1,822 | 3,656 | 6,695 | 20,774 | ||
| Gross profit (loss) | 669 | 1,116 | 2,949 | 5,450 | ||
| Operating expenses: | ||||||
| Selling, general and administrative | 2,631 | 9,475 | 8,536 | 27,053 | ||
| Impairment of goodwill | 4,271 | |||||
| Operating loss | (1,962) | (8,359) | (5,587) | (25,874) | ||
| Other income (expense): | ||||||
| Interest expense, net | (1,002) | (784) | (3,193) | (4,121) | ||
| Loss on warrants issued in private placement | (7,432) | |||||
| (Loss) gain on change in fair value of warrant liability | (742) | (216) | 318 | 14,402 | ||
| Gain on change in fair value of derivative liability | 13 | 602 | ||||
| Bargain purchase gain | 32,072 | |||||
| Others | 26 | 56 | ||||
| Total other (expense) income, net | (1,718) | (987) | (2,819) | 35,523 | ||
| (Loss) income before income taxes | (3,680) | (9,346) | (8,406) | 9,649 | ||
| Income tax (expenses) benefits | 3,755 | (12) | 4,487 | |||
| Net (loss) income | $ (3,680) | $ (5,591) | $ (8,418) | $ 14,136 | ||
| (Loss) earnings per share of common stock: | ||||||
| Basic | $ (0.33) | $ (0.75) | $ (0.84) | $ 2.10 | ||
| Diluted | $ (0.30) | $ (0.75) | $ (0.74) | $ 1.85 | ||
| Weighted average shares outstanding* | ||||||
| Basic | [1] | 11,195,462 | 7,285,501 | 10,064,966 | 6,782,178 | |
| Diluted | [1] | 12,432,516 | 7,285,501 | 11,302,020 | 7,470,385 | |
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