Microvast Sees Q2 Revenue Growth Of 20%-30% Y/Y To $90M-$98M, Est $74.309M
Portfolio Pulse from Benzinga Newsdesk
Microvast anticipates a 20%-30% year-over-year revenue growth for Q2, projecting revenues between $90M-$98M, surpassing the estimated $74.309M. The company is aiming for a gross margin target of 20%-25% for Q2 as part of its operational efficiency efforts.
May 09, 2024 | 9:27 pm
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Microvast expects Q2 revenue to grow 20%-30% year-over-year, reaching $90M-$98M, significantly above the estimated $74.309M. The company also aims for a Q2 gross margin of 20%-25%.
Microvast's projected revenue growth and higher-than-expected revenue forecast for Q2 indicate a positive outlook for the company. The focus on operational efficiencies and a gross margin target of 20%-25% suggest strong financial health and operational improvements. These factors are likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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