Q4 Earnings Report Reveals Significant Margin Improvement and Revenue Uptick
Revenue increased 49.9% year over year to $306.6 million in FY 2023Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022 STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion
STAFFORD, Texas, March 19, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the fourth quarter of 2023 after market close on Monday, April 1st, 2024. Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central T