Microvast Holdings, Inc. (MVST)

Microvast Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	341	306.62	204.5	151.98	107.52	76.43
Revenue Growth (YoY)	58.75%	49.94%	34.56%	41.35%	40.67%	-56.13%
Cost of Revenue	271.4	249.39	195.42	194.72	90.38	76.67
Gross Profit	69.59	57.23	9.07	-42.74	17.14	-0.23
Selling, General & Admin	124.92	120.91	127.18	123.06	32.61	30.88
Research & Development	45.64	45	43.51	34.39	16.64	26
Other Operating Expenses	-2.41	-1.95	-1.67	-6.13	-3	-3.24
Operating Expenses	168.14	163.96	169.02	151.32	46.25	53.63
Operating Income	-98.55	-106.73	-159.95	-194.06	-29.11	-53.86
Interest Expense / Income	3.9	2.63	3.32	5.41	5.74	6.35
Other Expense / Income	-0.88	-3.03	-5.1	7.01	14.71	-2.86
Pretax Income	-101.57	-106.33	-158.17	-206.48	-49.55	-57.35
Income Tax	0.01	0.01	0.03	0	0	0.19
Net Income	-101.58	-106.34	-158.2	-206.48	-49.55	-57.54
Preferred Dividends	0	0	0	18.1	31.41	42.89
Net Income Common	-101.58	-106.34	-158.2	-234.1	-80.96	-115.48
Shares Outstanding (Basic)	315	311	303	186	99	99
Shares Outstanding (Diluted)	315	311	303	186	99	99
Shares Change	2.49%	2.52%	63.14%	87.72%	-	15927.11%
EPS (Basic)	-0.32	-0.34	-0.52	-1.26	-0.82	-1.17
EPS (Diluted)	-0.32	-0.34	-0.52	-1.26	-0.82	-1.17
Free Cash Flow	-221.75	-260.44	-204.8	-132.9	-3.08	-6.87
Free Cash Flow Per Share	-0.70	-0.84	-0.68	-0.71	-0.03	-0.07
Gross Margin	20.41%	18.66%	4.44%	-28.12%	15.94%	-0.30%
Operating Margin	-28.90%	-34.81%	-78.22%	-127.69%	-27.07%	-70.47%
Profit Margin	-29.79%	-34.68%	-77.36%	-154.04%	-75.30%	-151.08%
Free Cash Flow Margin	-65.03%	-84.94%	-100.15%	-87.45%	-2.86%	-8.98%
EBITDA	-69.4	-78.01	-132.27	-180.36	-27.02	-35.61
EBITDA Margin	-20.35%	-25.44%	-64.68%	-118.68%	-25.13%	-46.59%
Depreciation & Amortization	28.27	25.69	22.58	20.71	16.79	15.39
EBIT	-97.67	-103.7	-154.84	-201.07	-43.81	-51
EBIT Margin	-28.64%	-33.82%	-75.72%	-132.31%	-40.75%	-66.72%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).