NASDAQ$MVST
Microvast Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Microvast achieved record quarterly revenue and improved gross margin.
Microvast reported record quarterly revenue of $104.6 million, a 61.4% increase year-over-year. The company's gross margin increased to 22.0% from 3.4% in Q4 2022. Net loss was $24.6 million, compared to a net loss of $33.7 million in Q4 2022.
- Record quarterly revenue of $104.6 million, up 61.4% year over year.
- Gross margin increased to 22.0% from 3.4% in Q4 2022.
- Net loss decreased to $24.6 million from $33.7 million in Q4 2022.
- Adjusted EBITDA improved to negative $2.6 million from negative $11.8 million in Q4 2022.
Headline financials
Revenue & EPS history
Microvast · Revenue · Quarterly
$105M
Forward guidance
For Q1 2024, the Company is targeting a revenue growth of 40% to 60% year over year and revenue guidance of $65 million to $75 million. Continued regional efficiencies and utilization increases, providing a Company gross margin target of 20% to 25%.
Tailwinds
- Targeting a revenue growth of 40% to 60% year over year for Q1 2024
- Revenue guidance of $65 million to $75 million for Q1 2024
- Continued regional efficiencies and utilization increases
- Company gross margin target of 20% to 25%
- Targeting financing solutions to complete Clarksville Phase 1A and bringing in long term domestic customer contracts
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 2023
+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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