NASDAQ$MVST
Microvast Holdings Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported record company Q1 revenue with increased gross margin.
Microvast reported a strong first quarter with a 73.2% increase in revenue year-over-year, reaching $81.4 million. The gross margin improved significantly from 10.3% to 21.2%. Net loss decreased to $24.8 million, and adjusted EBITDA improved to negative $3.7 million.
- Revenue increased by 73.2% year-over-year to $81.4 million.
- Gross margin increased to 21.2% from 10.3% year-over-year.
- Net loss decreased to $24.8 million from $29.6 million year-over-year.
- Adjusted EBITDA improved to negative $3.7 million from negative $7.5 million year-over-year.
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$81.4M
Forward guidance
For Q2 2024, Microvast is targeting revenue growth of 20% to 30% year-over-year, with revenue guidance of $90 million to $98 million, and a gross margin target of 20% to 25%.
Tailwinds
- Targeting revenue growth of 20% to 30% year over year.
- Revenue guidance of $90 million to $98 million.
- Targeting operational efficiencies.
- Company gross margin target of 20% to 25%.
- Ongoing R&D progress towards upcoming new products, anticipate delivering prototypes to new customers
Headwinds
- Continued focus on financing solutions to complete Clarksville Phase 1A
- Securing working capital
- Exploring new customer projects in the Americas
- Embarking on additional projects in APAC
- Embarking on additional projects in EMEA that expand our presence in differentiated commercial vehicle markets
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+14.0%
Avg return
Earnings day
+8.6%
Avg return
5 days after
+14.8%
Avg return
30 days after
43%
12 / 28 earnings
Positive
+308.0%
Q3 2024
Best reaction
-29.5%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.6% | -33.8% | -47.4% | |
| Q4 2025 | +7.1% | -30.7% | -19.9% | |
| Q3 2025 | -10.1% | -22.9% | -32.9% | |
| Q1 2025 | +30.0% | +41.4% | +75.7% | |
| Q4 2024 | +32.5% | +53.0% | +60.7% | |
| Q3 2024 | +308.0% | +268.2% | +546.2% | |
| Q2 2024 | -5.2% | -11.4% | -33.3% | |
| Q1 2024 | +8.7% | +11.7% | -6.4% | |
| Q4 2023 | -29.5% | -41.2% | -51.7% | |
| Q3 2023 | +3.0% | -1.1% | -15.6% | |
| Q2 2023 | -2.0% | -16.5% | -11.7% | |
| Q1 2023 | +57.1% | +39.5% | +23.5% | |
| Q4 2022 | -4.6% | -3.8% | -1.5% | |
| Q3 2022 | +8.4% | +9.3% | -14.1% | |
| Q2 2022 | +4.2% | +3.2% | -10.9% | |
| Q1 2022 | +10.8% | +26.3% | -26.3% | |
| Q4 2021 | -4.6% | -17.3% | -31.1% | |
| Q3 2021 | -3.6% | -7.7% | -22.6% | |
| Q4 2020 | -3.6% | -7.7% | -22.6% | |
| Q2 2021 | -6.6% | -14.2% | -11.5% | |
| Q1 2021 | +2.2% | +1.1% | -2.3% | |
| Q3 2020 | -0.3% | +0.5% | +68.6% | |
| Q2 2020 | +0.0% | -0.1% | -0.2% | |
| Q1 2020 | +0.4% | +0.4% | +1.0% | |
| Q4 2019 | -2.9% | -4.3% | -0.1% | |
| Q3 2019 | -0.1% | -0.4% | +0.1% | |
| Q2 2019 | -0.5% | -0.6% | -0.4% | |
| Q1 2019 | -0.2% | -0.1% | -0.1% |
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