Microvast Says For Q1 2024, Targeting A Revenue Growth Of 40%-60% YoY And Revenue Guidance Of $65M-$75M Vs $132.84M Est
Portfolio Pulse from Benzinga Newsdesk
Microvast targets a Q1 2024 revenue growth of 40%-60% YoY, with guidance of $65M-$75M, below the $132.84M estimate. The company aims for a gross margin of 20%-25%, plans to complete Clarksville Phase 1A with financing solutions, and secure long-term domestic customer contracts. It also reports new customer wins in APAC and EMEA, expanding its presence in the electrifying commercial vehicle markets.
April 02, 2024 | 1:00 pm
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Microvast targets a Q1 2024 revenue growth of 40%-60% YoY, with guidance of $65M-$75M, significantly below the $132.84M estimate. The company is focusing on improving gross margins and expanding its market presence in APAC and EMEA.
The projected revenue guidance for Q1 2024 is significantly below the estimated $132.84M, which could lead to negative investor sentiment in the short term. However, the company's focus on improving gross margins and expanding in key markets might mitigate some concerns.
CONFIDENCE 85
IMPORTANCE 90
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