secwatch.observer — SEC 8-K summary
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Issuer:     Microvast Holdings, Inc. (MVST)
CIK:        0001760689
Form:       8-K
Filed at:   2026-05-11T20:38:58+00:00
Accession:  0001628280-26-033601
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microvast Q1 revenue down 48% to $60.6M; non-GAAP net loss of $14.6M
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- Revenue $60.6M, down 48% YoY from $116.5M; net profit $48.2M ($0.15 EPS) vs $61.8M ($0.19).
- Non-GAAP adjusted net loss $14.6M ($0.04 loss per share) vs profit of $19.3M last year; adjusted EBITDA -$5.5M.
- Gross margin 31.6% (down from 36.9%) due to lower production utilization; non-GAAP adjusted margin 31.7%.
- Cash and equivalents $174.0M as of March 31, 2026, up from $169.2M at year-end 2025.
- Guidance: targeting Huzhou Phase 3.2 serial production in 2026 (up to 2 GWh) and Clarksville pack assembly by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760689/000162828026033601/0001628280-26-033601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760689/000162828026033601/mvst-20260511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033601

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer