Categories: Web and IT News

Microvast Reports First Quarter 2024 Financial Results

  • Record company Q1 revenue, increased 73.2% year over year to $81.4 million
  • Gross margin increased from 10.3% to 21.2%, a 10.9 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 first quarter ended March 31, 2024 (“Q1 2024”).

Results for Q1 2024

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2 years ago

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