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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 Holdings, Inc. (NASDAQ:MVST) Q4 2023 Earnings Call Transcript April 1, 2024 Microvast Holdings, Inc. misses on earnings expectations. Reported EPS is $-0.04 EPS, expectations were $-0.035. Microvast Holdings, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Thank you […]
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.
Key Insights The considerable ownership by individual investors in Microvast Holdings indicates that they collectively...