MVST - Microvast Q4 Earnings: Revenue Beat EPS Beat Gross Margin Improvement And More | Benzinga
Microvast Holdings Inc (NASDAQ:MVST) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter.
What Happened: Microvast’s fourth-quarter revenue increased 61.4% year-over-year to $104.58 million, which beat the consensus estimate of $94.43 million. The lithium-ion battery company reported an adjusted loss of 4 cents per share, which beat estimates for a loss of 7 cents per share.
Microvast has now met or exceeded analyst estimates on both the top and bottom line in five consecutive quarters, according to Benzinga Pro.
Gross margin increased to 22%, up from 3.4% in the fourth quarter of ...