Brief: Microvast Reports First Quarter 2023 Financial Results

Microvast Holdings

09/05/2023 22:20

May 9 (Reuters) - Microvast Holdings Inc  MVST.O :
    * MICROVAST REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS
    * MICROVAST HOLDINGS INC - QTRLY REVENUE INCREASED 28.1%
YEAR OVER
YEAR TO $47.0 MILLION
    * MICROVAST HOLDINGS INC - RAISING ITS FULL YEAR 2023
REVENUE
GUIDANCE TO A RANGE OF $348 MILLION AND $368 MILLION
    * MICROVAST HOLDINGS INC - FOR Q2 2023, COMPANY EXPECTS
REVENUE TO
BE IN RANGE OF $63 MILLION TO $67 MILLION
    * MICROVAST HOLDINGS INC - CAPITAL EXPENDITURES FOR FULL
YEAR 2023
ARE ANTICIPATED TO BE IN RANGE OF $180.0 MILLION TO $210.0
MILLION
    * MICROVAST HOLDINGS INC - QTRLY LOSS PER SHARE $0.15

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Further company coverage:  MVST.O 

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