secwatch / observer
8-K filed November 9, 2023, 6:59 PM ET ticker MVST CIK 0001760689
earnings confidence high sentiment positive materiality 0.70

Microvast Q3 revenue $80.1M, up 107.5% YoY; gross margin jumps to 22.3%

Microvast Holdings, Inc.

2023-Q3 EPS reported -$0.26 revenue$202,042,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Microvast Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue of $80.1 million, compared to $38.6 million in Q3 2022, an increase of 107.5%, net income Net loss of $26.2 million, compared to net loss of $36.5 million in Q3 2022, EPS Net loss per share of $0.08 compared to net loss per share of $0.12 in Q3 2022.

Period
third quarter ended September 30, 2023
Revenue
Revenue of $80.1 million, compared to $38.6 million in Q3 2022, an increase of 107.5%
Net income
Net loss of $26.2 million, compared to net loss of $36.5 million in Q3 2022
EPS
Net loss per share of $0.08 compared to net loss per share of $0.12 in Q3 2022
Result
reported results
Exact text from the filing
On November 9, 2023, Microvast Holdings, Inc. (the “Company”) issued a press release announcing its unaudited condensed consolidated financial results for the period ended September 30, 2023.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Microvast Holdings, Inc. reported Q4 2023 and full year 2023 results: revenue The Company expects revenue to be in the range of $90 million to $100 million in Q4 2023, and $292 million to $302 milli. Guidance raised.

Period
Q4 2023 and full year 2023
Revenue
The Company expects revenue to be in the range of $90 million to $100 million in Q4 2023, and $292 million to $302 milli
Guidance
raised
Result
guidance update
Exact text from the filing
The Company expects revenue to be in the range of $90 million to $100 million in Q4 2023, and $292 million to $302 million for the full year 2023 compared to $204 million in revenue for full year 2022
View on SEC.gov

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Microvast Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001760689-23-000043
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