Microvast Holdings (MVST) Tops Q2 EPS by 9c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/7/2026

1. MRVL
2. USO
3. SPY
4. NVDA
5. OPCH
6. BBIO
7. GOOGL
8. AMD
9. CHRW
10. SKYD

Go back to Microvast Holdings (MVST) Tops Q2 EPS by 9c

Microvast Reports Second Quarter 2023 Financial Results

August 7, 2023 4:10 PM EDT

Revenue increased 16.4% year over year to $75.0 million, exceeding guidance Achieved record backlog of $675.9 million, up 541.9% year over year Gross margin increased from 7.5% to 15.3%, a 7.8 percentage point improvement year over year

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 unaudited condensed consolidated financial results for the second quarter ended June 30, 2023 (Q2 2023).

In the second quarter, we delivered strong year-over-year revenue growth, led by the continued production ramp up of our... More