Microvast Holdings Q2 Sales $83.675M Miss $92.349M Estimate; Adj. Net Loss $64.73M, Down From $8.359M YoY
Portfolio Pulse from Benzinga Newsdesk
Microvast Holdings (NASDAQ:MVST) reported Q2 sales of $83.675 million, missing the analyst consensus estimate of $92.349 million by 9.39%. The company also reported an adjusted net loss of $64.73 million, a significant increase from the $8.359 million loss year-over-year.
August 09, 2024 | 5:37 am
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Microvast Holdings reported Q2 sales of $83.675 million, missing the analyst consensus estimate by 9.39%. The company also reported a significant increase in adjusted net loss to $64.73 million from $8.359 million year-over-year.
The miss on sales estimates and the significant increase in adjusted net loss are likely to negatively impact investor sentiment and the stock price in the short term.
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