---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-23-000043"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:13:36.909541+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Revenue $80.1M (+107.5% YoY); gross margin 22.3% (vs 5.2%), adjusted 24.2%.
- Net loss $26.2M, improved from $36.5M; adjusted net loss $10.3M.
- Backlog $678.7M, up 382.7% YoY reflecting strong OEM demand.
- Q4 revenue guidance $90-100M; full-year 2023 guidance $292-302M.
- Clarksville, TN facility ramp targets qualified product deliveries by early Q2 2024.

## SEC filing metadata
- accession: 0001760689-23-000043
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000043/0001760689-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000043/mvst-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-23-000043
- JSON: https://secwatch.observer/filing/0001760689-23-000043.json
- Plain text: https://secwatch.observer/filing/0001760689-23-000043.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000043/0001760689-23-000043-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068923000043/0001760689-23-000043-index.htm

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