PHOENIX MOTOR INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that PHOENIX MOTOR INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $111.0K | Apr 15, 2024 |
| FY2023 | Dec 31, 2022 | $168.0K | Apr 15, 2024 |
Revenue
Revenue recognized from contracts with customers under ASC 606, excluding taxes collected on behalf of government authorities. This is the primary revenue concept for many companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $31.15M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $3.12M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $4.33M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $2.98M | Mar 31, 2023 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $7.06M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($276.0K) | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $820.0K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($563.0K) | Mar 31, 2023 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $7.93M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($20.65M) | May 30, 2025 |
| FY2023 | Dec 31, 2022 | ($12.71M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($14.61M) | Mar 31, 2023 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($30.97M) | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($20.51M) | May 30, 2025 |
| FY2023 | Dec 31, 2022 | ($13.15M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($14.31M) | Mar 31, 2023 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $33.75M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $14.90M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $13.97M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $13.75M | Mar 31, 2023 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($1.95M) | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($3.65M) | May 30, 2025 |
| FY2023 | Dec 31, 2022 | ($14.87M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($12.94M) | Mar 31, 2023 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $113.0K | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $93.0K | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $1.28M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $638.0K | Mar 31, 2023 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $57.58M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $11.64M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $20.44M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $15.44M | Mar 31, 2023 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $47.26M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $16.48M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $8.16M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $5.21M | Mar 31, 2023 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $10.32M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($4.84M) | May 30, 2025 |
| FY2024 | Dec 31, 2022 | $12.28M | May 30, 2025 |
| FY2023 | Dec 31, 2021 | $10.23M | Apr 15, 2024 |
| FY2022 | Dec 31, 2020 | $24.79M | Mar 31, 2023 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2023 | $4.27M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $4.27M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $4.27M | Mar 31, 2023 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($41.28M) | May 30, 2025 |
| FY2024 | Dec 31, 2023 | ($49.21M) | May 30, 2025 |
| FY2023 | Dec 31, 2022 | ($28.56M) | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | ($15.86M) | Mar 31, 2023 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $764.0K | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $31.0K | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $139.0K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $2.68M | Mar 31, 2023 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $141.0K | May 30, 2025 |
| FY2024 | Dec 31, 2023 | $149.0K | May 30, 2025 |
| FY2023 | Dec 31, 2022 | $150.0K | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | $766.0K | Mar 31, 2023 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 0 | May 30, 2025 |
| FY2024 | Dec 31, 2023 | 0 | May 30, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | 0 | Mar 31, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 0 | May 30, 2025 |
| FY2024 | Dec 31, 2023 | 0 | May 30, 2025 |
| FY2023 | Dec 31, 2022 | 0 | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | 0 | Mar 31, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 42.67M | May 30, 2025 |
| FY2024 | Dec 31, 2023 | 21.90M | May 30, 2025 |
| FY2023 | Dec 31, 2022 | 20.28M | Apr 15, 2024 |
| FY2023 | Mar 8, 2022 | 17.50M | Apr 15, 2024 |
| FY2022 | Dec 31, 2021 | 17.50M | Mar 31, 2023 |