Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2025

(Loss) earnings per share of common stock:

The following is a reconciliation of the numerator and denominator used to calculate basic earnings (loss) per share and diluted earnings (loss) per share for the three and six months ended June 30, 2025 and 2024:

Schedule of Earnings (Loss) Per Share


	Three Months Ended						Six Months Ended
	June 30, 2025			June 30, 2024			June 30, 2025			June 30, 2024
Basic earnings (loss):
Net (loss) income	$	(1,152	)	$	2,953		$	(4,738	)	$	19,727
Diluted earnings (loss):
Net (loss) income	$	(1,152	)	$	2,953		$	(4,738	)	$	19,727
Chang in fair value of derivative liability		-			(647	)		-			(590	)
Interest expense from Convertible Notes		-			112			-			215
Adjusted net (loss) income	$	(1,152	)	$	2,418		$	(4,738	)	$	19,352

Weighted average number of shares-basic *		8,412,955			6,964,255			8,039,954			6,527,751
Potentially dilutive shares		-			848,702			-			848,703
Weighted average number of shares-Diluted		8,412,955			7,812,957			8,039,954			7,376,454
Earnings per share
Basic	$	(0.14	)	$	0.42		$	(0.59	)	$	3.02
Diluted	$	(0.14	)	$	0.31		$	(0.59	)	$	2.62

*	The shares are presented on a retrospective base to reflect the Company’s reverse stock split effected on July 31, 2025.

PHOENIX MOTOR INC. 10-Q