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8-K: Microvast Reports Third Quarter 2024 Financial Results

8-K: Microvast Reports Third Quarter 2024 Financial Results

8-K：Microvast公布2024年第三季度财务业绩
美股SEC公告 ·  2024/11/12 13:58

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Microvast Holdings achieved record Q3 2024 revenue of $101.4 million, up 26.6% YoY, with gross margin expanding significantly to 33.2% from 22.3%. The company reported a net profit of $13.2 million, compared to a net loss of $26.2 million in Q3 2023, while adjusted EBITDA turned positive at $28.6 million.For the first nine months of 2024, revenue grew 31.9% to $266.4 million, though the company recorded a net loss of $90.0 million. Operating expenses increased to $171.9 million, including a $64.9 million impairment loss on long-lived assets. Cash position strengthened to $115.0 million as of September 30, 2024.Looking ahead, Microvast projects 15-18% revenue growth for full-year 2024 with Q4 revenue guidance of $90-95 million. The company aims to maintain gross margins between 25-30% while focusing on new product development, including ME6 ESS container solutions and solid-state batteries. Strategic priorities include expanding partnerships and achieving sustained profitability through regional efficiency improvements.
Microvast Holdings achieved record Q3 2024 revenue of $101.4 million, up 26.6% YoY, with gross margin expanding significantly to 33.2% from 22.3%. The company reported a net profit of $13.2 million, compared to a net loss of $26.2 million in Q3 2023, while adjusted EBITDA turned positive at $28.6 million.For the first nine months of 2024, revenue grew 31.9% to $266.4 million, though the company recorded a net loss of $90.0 million. Operating expenses increased to $171.9 million, including a $64.9 million impairment loss on long-lived assets. Cash position strengthened to $115.0 million as of September 30, 2024.Looking ahead, Microvast projects 15-18% revenue growth for full-year 2024 with Q4 revenue guidance of $90-95 million. The company aims to maintain gross margins between 25-30% while focusing on new product development, including ME6 ESS container solutions and solid-state batteries. Strategic priorities include expanding partnerships and achieving sustained profitability through regional efficiency improvements.
Microvast Holdings 在2024年第三季度实现了创纪录的营业收入为10140万，同比增长26.6%，毛利率显著扩大至33.2%，而2023年第三季度为22.3%。公司报告净利润为1320万，而2023年第三季度为净亏损2620万，调整后的EBITDA为2860万，转为正值。在2024年前九个月，营业收入增长31.9%，达到26640万，尽管公司记录净亏损9000万。营业费用增加至17190万，其中包括对长期资产的6490万减值损失。截至2024年9月30日，现金状况增强至11500万。展望未来，Microvast预计2024年全年的营业收入增长为15-18%，第四季度的营业收入指导为9000-9500万。公司目标是在专注新产品开发的同时保持毛利率在25-30%之间，包括ME6 ESS集装箱解决方案和固态电池。战略优先事项包括扩大合作伙伴关系，通过区域型效率改进实现持续盈利。
Microvast Holdings 在2024年第三季度实现了创纪录的营业收入为10140万，同比增长26.6%，毛利率显著扩大至33.2%，而2023年第三季度为22.3%。公司报告净利润为1320万，而2023年第三季度为净亏损2620万，调整后的EBITDA为2860万，转为正值。在2024年前九个月，营业收入增长31.9%，达到26640万，尽管公司记录净亏损9000万。营业费用增加至17190万，其中包括对长期资产的6490万减值损失。截至2024年9月30日，现金状况增强至11500万。展望未来，Microvast预计2024年全年的营业收入增长为15-18%，第四季度的营业收入指导为9000-9500万。公司目标是在专注新产品开发的同时保持毛利率在25-30%之间，包括ME6 ESS集装箱解决方案和固态电池。战略优先事项包括扩大合作伙伴关系，通过区域型效率改进实现持续盈利。
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