Name: Microvast Holdings, Inc. (MVST) Financial Statements
Creator: FinSpry

Microvast Holdings Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Microvast Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	379.80	306.62	204.50	151.98	107.52
Cost of Revenue	260.25	249.39	195.42	194.72	90.38
Gross Profit	119.55	57.23	9.07	-42.74	17.14
Operating Expenses
Research & Development	41.07	45.00	43.51	34.39	16.64
Selling, General & Administrative	104.06	120.40	125.39	123.06	32.61
Operating Expenses	142.47	163.45	167.22	157.45	49.25
Operating Income	-22.92	-106.23	-158.15	-200.19	-32.11
Other Income/Expense
Interest Income	0.74	3.61	3.18	0.45	0.57
Interest Expense	9.71	2.63	3.32	-5.41	-5.74
Other Income/Expense	-163.57	-1.16	0.13	2.42	0.86
Income
Income Before Tax	-195.46	-106.40	-158.17	-206.48	-33.62
Income Tax Expense	0.00	0.01	0.03	0.00	0.00
Net Income	-195.46	-106.34	-158.20	-206.48	-33.63
Net Income - Continuous Operations	-195.46	-106.41	-158.20	-206.48	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-154.91	-80.85	-134.48	-179.48	-15.32
EBIT	-185.75	-103.77	-154.84	-200.19	-32.11
Depreciation & Amortization	30.83	22.93	20.37	20.71	16.79
Earnings Per Share
Basic EPS	-1.00	-	-1.00	-1.00	-1.00
Diluted EPS	-1.00	-	-1.00	-1.00	-1.00
Basic Shares Outstanding	318.46	310.91	303.28	185.90	99.03
Diluted Shares Outstanding	318.46	310.91	303.28	185.90	99.03