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Pheton Holdings Ltd. Class A ( (PTHL) ) has provided an update.
Pheton Holdings Ltd, a Cayman Islands company, released its unaudited interim condensed consolidated financial statements for the six months ended June 30, 2025. The report highlights a significant decline in revenues from $210,488 in 2024 to $67,507 in 2025, leading to a comprehensive loss of $2,038,842 for the period. The company’s cash and cash equivalents decreased substantially, and there was a notable increase in general and administrative expenses. These financial results indicate challenges in the company’s operational efficiency and market performance, potentially impacting its stakeholders.
More about Pheton Holdings Ltd. Class A
Average Trading Volume: 117,277
Technical Sentiment Signal: Sell
Current Market Cap: $7.55M
For an in-depth examination of PTHL stock, go to TipRanks’ Overview page.