Microvast Holdings (MVST) Tops Q2 EPS by 9c
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Microvast Reports Second Quarter 2023 Financial Results
August 7, 2023 4:10 PM EDTRevenue 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
