Microvast Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	306.62	204.5	151.98	107.52	76.43	174.24
Revenue Growth (YoY)	49.94%	34.56%	41.35%	40.67%	-56.13%	-
Cost of Revenue	249.39	195.42	194.72	90.38	76.67	153.39
Gross Profit	57.23	9.07	-42.74	17.14	-0.23	20.85
Selling, General & Admin	120.91	127.18	123.06	32.61	30.88	47.63
Research & Development	45	43.51	34.39	16.64	26	32.45
Other Operating Expenses	-1.95	-1.67	-6.13	-3	-3.24	-9.54
Operating Expenses	163.96	169.02	151.32	46.25	53.63	70.54
Operating Income	-106.73	-159.95	-194.06	-29.11	-53.86	-49.69
Interest Expense / Income	2.63	3.32	5.41	5.74	6.35	3.98
Other Expense / Income	-3.03	-5.1	7.01	14.71	-2.86	-5.2
Pretax Income	-106.33	-158.17	-206.48	-49.55	-57.35	-48.47
Income Tax	0.01	0.03	0	0	0.19	6.43
Net Income	-106.34	-158.2	-206.48	-49.55	-57.54	-54.89
Preferred Dividends	0	0	18.1	31.41	42.89	31.64
Net Income Common	-106.34	-158.2	-234.1	-80.96	-115.48	-100.03
Shares Outstanding (Basic)	311	303	186	99	99	1
Shares Outstanding (Diluted)	311	303	186	99	99	1
Shares Change	2.52%	63.14%	87.72%	-	15927.11%	-
EPS (Basic)	-0.34	-0.52	-1.26	-0.82	-1.17	-161.90
EPS (Diluted)	-0.34	-0.52	-1.26	-0.82	-1.17	-161.90
Free Cash Flow	-260.44	-204.8	-132.9	-3.08	-6.87	-35.27
Free Cash Flow Per Share	-0.84	-0.68	-0.71	-0.03	-0.07	-57.08
Gross Margin	18.66%	4.44%	-28.12%	15.94%	-0.30%	11.97%
Operating Margin	-34.81%	-78.22%	-127.69%	-27.07%	-70.47%	-28.52%
Profit Margin	-34.68%	-77.36%	-154.04%	-75.30%	-151.08%	-57.41%
Free Cash Flow Margin	-84.94%	-100.15%	-87.45%	-2.86%	-8.98%	-20.24%
EBITDA	-78.01	-132.27	-180.36	-27.02	-35.61	-31.74
EBITDA Margin	-25.44%	-64.68%	-118.68%	-25.13%	-46.59%	-18.22%
Depreciation & Amortization	25.69	22.58	20.71	16.79	15.39	12.75
EBIT	-103.7	-154.84	-201.07	-43.81	-51	-44.49
EBIT Margin	-33.82%	-75.72%	-132.31%	-40.75%	-66.72%	-25.53%

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).