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Phoenix Motor Inc. (NASDAQ:PEV) shares are trading higher premarket on Friday after the company reported a substantial increase in the first-quarter results. Net revenues rose to $9.4 million from $1.8 million in the prior year quarter. Gross profit was $2.5 million vs. $0.2 million in the prior year quarter. EPS increased to $0.44 from a loss of $0.13 in the prior year period. Denton Peng, CEO of Phoenix ...


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