---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-23-000015"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:45:13.902378+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Microvast FY2022 revenue up 35% to $204.5M; backlog surges to $410.5M; guides 65-75% growth in 2023

## Summary
- FY 2022 revenue $204.5M (+35% YoY); net loss narrowed to $158.2M from $206.5M.
- Backlog hit $410.5M (up 258.5% YoY); 53.5Ah cell represents >80% of backlog.
- FY 2023 revenue guidance $336M-$358M (65-75% growth); Q1 2023 guided $38M-$40M.
- Non-GAAP adjusted gross margin improved to 8.2% from -25.3%; gross profit $9.1M vs -$42.7M.
- Capital expenditures $150.9M in 2022; 2023 capex guidance $180-$210M.

## SEC filing metadata
- accession: 0001760689-23-000015
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000015/0001760689-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000015/mvst-20230316.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-23-000015
- JSON: https://secwatch.observer/filing/0001760689-23-000015.json
- Plain text: https://secwatch.observer/filing/0001760689-23-000015.txt

## Key facts
- Earnings Releases
  Microvast Holdings, Inc. updated its the fourth quarter and year ended December 31, 2022 guidance (raised).
  - Period: the fourth quarter and year ended December 31, 2022
  - Guidance: raised
  - Result: reported results
  source text: Microvast Holdings, Inc. issued a press release announcing its consolidated financial results for the fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000015/0001760689-23-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.