Microvast Q2 revenue rises 11.6% to $83.7M but net loss widens to $78.4M

Microvast Holdings, Inc.

2024-Q2 EPS reported -$0.33 revenue$165,026,000

Record Q2 revenue $83.7M (+11.6% YoY); gross margin rose 17.2 ppt to 32.5%.
Net loss widened to $78.4M ($0.25 loss per share) from $26.1M ($0.08) YoY.
Non-GAAP adjusted net loss per share $0.21 vs $0.02; Adjusted EBITDA -$55.3M vs -$4.2M.
Q3 2024 revenue guidance $85M-$90M (6-12% YoY growth); gross margin target 25%.
Shifting US ESS focus to LFP batteries; exploring sale of non-core real estate for liquidity.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.