NASDAQ$MVST
Microvast Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported record Q2 revenue and increased gross margin.
Microvast reported a record Q2 revenue of $83.7 million, an 11.6% increase year-over-year. The gross margin improved significantly from 15.3% to 32.5%. However, the company experienced a net loss of $78.4 million, compared to a net loss of $26.1 million in Q2 2023.
- Record Q2 revenue, increased 11.6% year over year to $83.7 million.
- Gross margin increased from 15.3% to 32.5%, a 17.2 percentage point improvement year over year.
- Net loss of $78.4 million, compared to net loss of $26.1 million in Q2 2023.
- Capital expenditures decreased to $2.9 million, compared to $57.7 million in Q2 2023.
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$83.7M
Forward guidance
For Q3 2024, Microvast is targeting revenue growth of 6% to 12% year-over-year, with revenue guidance of $85 million to $90 million. The company is also targeting operational efficiencies, providing a gross margin target of 25%.
Tailwinds
- Targeting revenue growth of 6% to 12% year over year.
- Revenue guidance of $85 million to $90 million.
- Targeting operational efficiencies.
- Gross margin target of 25%.
- Ongoing R&D progress towards new product development.
Headwinds
- Shifting long-term U.S. ESS market focus to producing LFP battery systems instead of NMC battery solutions at its Clarksville, Tennessee facility.
- Continuing to consolidate the Company’s U.S. operations in Clarksville.
- Exploring strategic alternatives to enhance liquidity including the sale of certain U.S. non-core real estate assets.
- Exploring new customer projects in the Americas, including Canada.
- Embarking on additional projects in APAC and 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 Q2 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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