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SPI Energy Co., Ltd.: SPI Energy Reports Revenue Up 42% to Record $138.6M in Fiscal Year 2020


SPI Energy Co., Ltd.: SPI Energy Reports Revenue Up 42% to Record $138.6M in Fiscal Year 2020
Company reaffirms 2021 revenue guidance of $200M-$240M
SPI Energy to host conference call to discuss FY20 results on May 3 at 4:15 pm ET
SANTA CLARA, CA / ACCESSWIRE / April 29, 2021 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the Company ), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers, and investors, today announced its financial results for the fiscal year ended December 31, 2020.
2020 Financial Highlights:
Gross margins improved to 12.2% in 2020, up from 7.3% in 2019
Operating income improved by nearly $20 million to $0.1 million in 2020, up from an operating loss of $19.2 million in 2019 ....

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SPI Energy Co., Ltd.: SPI Energy Announces Board Approval to Spin Off Phoenix Motorcars


SPI Energy Co., Ltd.: SPI Energy Announces Board Approval to Spin Off Phoenix Motorcars
SANTA CLARA, CA / ACCESSWIRE / January 27, 2021 / SPI Energy Co., Ltd., (NASDAQ:SPI) (the Company ), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions for business, residential, government, logistics and utility customers and investors, today announced its Board of Directors approved the Company s plan to spin off Phoenix Motorcars, a wholly owned subsidiary of the Company s EdisonFuture subsidiary, through an initial public offering. EdisonFuture will own 70 million shares of Phoenix Motorcars after the spinoff.
Phoenix launched its first electric drivetrain in 2009 and sold its first commercial EV shuttle bus in 2014. Built on the Ford E-450 platform, Phoenix is introducing its third-generation drivetrain by year end, which includes its next-generation battery offering with size modularity of 63, 94, 125, & 156 kWh. Phoenix provides v ....

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