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Three years after announcing it would bring an EV battery plant in Clarksville with almost 300 jobs, Microvast this week terminated several employees as part of a reduction in force.
Microvast said fourth-quarter revenue increased 61.4% year-over-year to $104.58 million, which beat the consensus estimate of $94.43 million, according to Benzinga Pro. The company reported an adjusted loss of 4 cents per share, which beat estimates for a loss of 7 cents per share.
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.
Q4 2023 Disclaimer Forward-Looking Statements This communication contains forward-looking...
Operator: Thank you for standing by. This is the conference operator. Welcome to the Microvast Third Quarter 2023 Earnings Call.