Microvast Q3 Earnings: EPS Beat, Revenue Up 107%, Backlog Growth And More
Portfolio Pulse from Adam Eckert
Microvast Holdings Inc reported Q3 earnings with a 107.5% YoY increase in revenue to $80.1 million, beating the consensus estimate of $76.244 million. The company also reported an adjusted loss of 3 cents per share, better than the estimated loss of 6 cents per share. Microvast achieved a record backlog of $678.7 million, up 382.7% YoY. The company expects Q4 revenue to be between $90 million and $100 million, and full-year revenue to be between $292 million and $302 million.
November 09, 2023 | 10:06 pm
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POSITIVE IMPACT
Microvast's Q3 earnings beat estimates with higher than expected revenue and a smaller loss per share. The company also reported a record backlog, indicating strong future revenue potential. This positive financial performance could boost investor confidence and potentially drive the stock price up in the short term.
Microvast's Q3 earnings beat estimates, which is a positive signal to investors. The company's record backlog indicates strong future revenue potential, which could further boost investor confidence. These factors could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100