NASDAQ$MVST
Microvast Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Microvast's financial performance remained stable with a slight decrease in revenue, but gross profit increased. The company closed the year with a record backlog.
Microvast reported a slight decrease in revenue but an increase in gross profit for Q4 2022. The company's backlog reached a record high, positioning it for future growth. They expect to achieve profitability within the next two to three years.
- Revenue decreased by 3.0% year over year to $64.8 million.
- Gross profit increased to $2.2 million from $1.2 million in the previous year.
- Net loss was $33.7 million, compared to $46.6 million in Q4 2021.
- Backlog as of December 31, 2022 was $410.5 million, representing growth of 258.5% compared to $114.5 million in backlog as of December 31, 2021
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$64.8M
Forward guidance
Microvast anticipates full year 2023 revenue in the range of $336 million and $358 million. Revenue for the first quarter ending March 31, 2023 between $38 million and $40 million.
Tailwinds
- Full year 2023 revenue in the range of $336 million and $358 million, reflecting year over year growth of 65% - 75%
- Underpinned by record backlog of $410.5 million
- Deliveries of new 53.5Ah cell starting in second quarter from new cell and module line in Huzhou, China
- Deliveries of new 53.5Ah cell in fourth quarter from Tennessee, US
- Revenue for the first quarter ending March 31, 2023 between $38 million and $40 million, representing growth of approximately 3.5% - 9% compared to $36.7 million for the first quarter ended March 31, 2022
Headwinds
- Capital expenditures for the full year in the range of $180 to $210 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 Q4 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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