Microvast Holdings (MVST) Reports Q3 Loss of $0.49/sh

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Go back to Microvast Holdings (MVST) Reports Q3 Loss of $0.49/sh

Microvast Reports Third Quarter 2021 Results

November 15, 2021 4:30 PM EST

Revenue Growth of 20% over Q3 2020

Reaffirms 2021 Revenue Outlook

Completed Public Listing in July 2021, Raised $708 million in Net Proceeds

STAFFORD, Texas--(BUSINESS WIRE)-- Microvast Holdings, Inc. (NASDAQ: MVST) (Microvast or the Company), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced consolidated financial results for the third quarter ended September 30, 2021 (Q3 2021). During Q3 2021, Microvast successfully completed a business combination with Tuscan Holdings Corp. (the business combination) on July 23, 2021.

As an established battery technology company with proven products and a robust pipeline of new... More