Microvast Reports 2023 Financial Results [Yahoo! Finance]
Microvast Holdings, Inc. (MVST)
Company Research
Source: Yahoo! Finance
Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022 STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2023 (“Q4 2023” and “FY 2023,” respectively). “We achieved record revenue in the fourth quarter of 2023 bringing our full year revenue growth to 49.9% and we delivered these revenues at a gross margin close to our targeted level. The revenue growth achieved in EMEA is really encouraging and we would expect this to continue into 2024, with the possibility of this region also hitting breakeven this year.” said Yang Wu, Microvast's Founder, Chairman, and Chief Executive Officer. “In APAC, with the Huzho
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MVST
News
- Microvast Schedules First Quarter Earnings CallBusiness Wire
- Microvast Holdings, Inc. (NASDAQ: MVST) had its price target lowered by analysts at HC Wainwright from $8.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
- Microvast Holdings, Inc. (NASDAQ:MVST) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Microvast Holdings, Inc. (NASDAQ: MVST) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $8.00 to $4.00. They now have an "outperform" rating on the stock.MarketBeat
- Microvast Holdings, Inc. (NASDAQ: MVST) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating.MarketBeat
MVST
Earnings
- 4/1/24 - Beat
MVST
Sec Filings
- 4/24/24 - Form 8-K
- 4/12/24 - Form 8-K
- 4/5/24 - Form SC
- MVST's page on the SEC website