Sales Of Transit Buses was Phoenix Motor’s largest product and service line in fiscal 2024, bringing in $24.62M of $31.15M (79%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|
| Sales Of Transit Buses | — | — | — | $24.62M |
| Service Revenue | — | — | — | $2.65M |
| Sales Of Parts | — | — | — | $1.58M |
| Sales Of Evs | $1.75M | $1.79M | $1.49M | $806.00K |
| Others | — | $739.00K | $851.00K | $1.34M |
| Sales Of Forklifts | $641.00K | $1.25M | $410.00K | $45.00K |
| Lease Of Evs | $586.00K | $551.00K | $369.00K | $116.00K |
| Total | $2.98M | $4.33M | $3.12M | $31.15M |
Phoenix Motor brought in $31.15M from its seven product and service lines in fiscal 2024, the year ended December 31, 2024. Phoenix Motor regrouped these lines after fiscal 2023, so the total does not compare directly with that year's $3.12M. Sales Of Transit Buses was the largest at $24.62M (79.0%), ahead of Service Revenue at $2.65M (8.5%) and Sales Of Parts at $1.58M (5.1%). The other four lines brought in $2.31M combined.
Compared with fiscal 2023, Others grew 57.9% to $1.34M, while Sales Of Evs fell 46.0% to $806.00K.
Phoenix Motor began breaking out Sales Of Transit Buses in fiscal 2024, Service Revenue in fiscal 2024, Sales Of Parts in fiscal 2024 and Others in fiscal 2022.
Transferred At Point In Time was Phoenix Motor’s largest revenue line in fiscal 2024, bringing in $29.77M of $31.15M (96%).
| Timing of Transfer of Good or Service | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Transferred At Point In Time | — | $2.27M | $29.77M |
| Point Of Time | $3.32M | — | — |
| Transferred Over Time | — | $854.00K | $1.38M |
| Over Time | $1.01M | — | — |
| Total | $4.33M | $3.12M | $31.15M |
Phoenix Motor brought in $31.15M from its two revenue lines in fiscal 2024, the year ended December 31, 2024. That was up 897.9% from $3.12M in fiscal 2023. Transferred At Point In Time was the largest at $29.77M (95.6%), ahead of Transferred Over Time at $1.38M (4.4%).
Compared with fiscal 2023, Transferred At Point In Time grew 1,212.7% to $29.77M and Transferred Over Time grew 61.9% to $1.38M.
Phoenix Motor began breaking out Transferred At Point In Time in fiscal 2023 and Transferred Over Time in fiscal 2023. Phoenix Motor stopped reporting Point Of Time ($3.32M in fiscal 2022) and Over Time ($1.01M in fiscal 2022) as separate revenue lines.
Phoenix Motor (PEVM) reports its revenue by product and service and by timing of transfer of good or service. In fiscal 2024, Sales Of Transit Buses was its largest product and service line, bringing in $24.62M (79.0% of the total), followed by Service Revenue at $2.65M (8.5%).
Sales Of Transit Buses was Phoenix Motor's largest product and service line in fiscal 2024, bringing in $24.62M, or 79.0% of the $31.15M total across its seven product and service lines.
Transferred At Point In Time was Phoenix Motor's largest revenue line in fiscal 2024, bringing in $29.77M, or 95.6% of the $31.15M total across its two revenue lines.
Transferred At Point In Time grew faster than Transferred Over Time in fiscal 2024, up 1,212.7% from $2.27M to $29.77M. Transferred Over Time grew 61.9% to $1.38M.
Every figure comes from Phoenix Motor's annual financial filings, as reported. Each line keeps the name Phoenix Motor gives it, and years follow its fiscal calendar.
Phoenix Motor's revenue by product and service goes back to fiscal 2021, with figures through fiscal 2024. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.