MVST - Microvast Holdings GAAP EPS of -$0.12 beats by $0.07 revenue of $38.62M misses by $14.08M

• Microvast Holdings press release ( NASDAQ: MVST ): Q3 GAAP EPS of -$0.12 beats by $0.07 .
• Revenue of $38.62M (+4.7% Y/Y) misses by $14.08M .
• Outlook: Microvast confirms year over year revenue growth for the year ended December 31, 2022 (“FY 2022”) is expected to be in the range of 35% to 40%.
• The Company’s backlog at the end of Q3 2022 was $140.6 million, an increase of 166.8% compared to $52.7 million at the end of Q3 2021.

• The Company expects capital expenditures for the remainder of FY 2022 to be approximately $90.0 million to $120.0 million

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