NASDAQ$MVST
Microvast Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Microvast demonstrated revenue growth and improved gross margin despite market challenges.
Microvast reported a 4.7% increase in revenue compared to Q3 2021, reaching $38.6 million. The company also significantly improved its gross margin, moving from a negative 97.3% to a positive 5.2%.
- Revenue increased by 4.7% year-over-year to $38.6 million.
- Gross margin improved from -97.3% to 5.2%.
- Secured $111 million in project financing for capacity expansion.
- Backlog increased by 166.8% to $140.6 million compared to Q3 2021.
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$38.6M
Forward guidance
Microvast expects year-over-year revenue growth for FY 2022 to be in the range of 35% to 40%. Capital expenditures for the remainder of FY 2022 are expected to be approximately $90.0 million to $120.0 million.
Tailwinds
- Revenue growth expected in the range of 35% to 40% for FY 2022.
- Ongoing manufacturing capacity expansions in Huzhou, China and Clarksville, Tennessee.
- Inflation Reduction Act is expected to drive significant value for Microvast as they rapidly expand and scale their US business.
- Secured $111 million in project financing.
- Awarded a $200 million U.S. Department of Energy grant.
Headwinds
- Continuing difficult market conditions in Europe.
- Customer supply chain challenges.
- Currency headwinds.
- Expected capital expenditures of approximately $90.0 million to $120.0 million.
- Net loss of $36.5 million.
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 Q3 2022
+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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