---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-23-000018"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:40:14.500317+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Microvast Q1 revenue $47M (+28% YoY); net loss narrows; raises FY23 guidance to 70-80% growth

## Summary
- Revenue $47.0M (+28.1% YoY); GAAP gross margin 10.3% (vs 0%); adjusted gross margin 13.5%.
- Net loss $29.6M vs $43.8M loss YoY; adjusted net loss $11.7M; adjusted EPS -$0.04.
- Record backlog $486.7M (+302.9% YoY); >75% for new 53.5Ah cell.
- FY23 revenue guidance raised to $348-368M (70-80% growth); Q2 guidance $63-67M.
- Huzhou 2GWh expansion started trial production; Clarksville, TN on track for Q4 2023.

## SEC filing metadata
- accession: 0001760689-23-000018
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000018/0001760689-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000018/mvst-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-23-000018
- JSON: https://secwatch.observer/filing/0001760689-23-000018.json
- Plain text: https://secwatch.observer/filing/0001760689-23-000018.txt

## Key facts
- Earnings Releases
  Microvast Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $47.0 million, net income $29.6 million, EPS $0.10. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $47.0 million
  - Net income: $29.6 million
  - EPS: $0.10
  - Guidance: raised
  - Result: reported results
  source text: Microvast Reports First Quarter 2023 Financial Results • Revenue increased 28.1% year over year to $47.0 million, exceeding original guidance • Adjusted gross margin increased to 13.5% • Achieved record backlog of $486.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000018/0001760689-23-000018-index.htm

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