MVST Earnings Prediction
The chart below shows how MVST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MVST sees a -3.52% change in stock price 10 days leading up to the earnings, and a -11.07% change 10 days following the report. On the earnings day itself, the stock moves by +2.68%. This data can give you a slight idea of what to expect for the next quarter's release.
MVST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
101.39M
26.55%
21.17%
Gross Margin
33.15%
48.52%
2.00%
Operating Margin
6.03%
118.03%
-144.08%
Net Margin
13.07%
140.01%
-113.94%
EPS
0.04
150.00%
-116.00%
No Data Available
MVST Earnings Analysis
Microvast Holdings, Inc. Common Stock Corporation (MVST.O) Earnings Conference Call
Positive
Record Revenue Increase: 1. Record Revenue Growth: Microvast achieved a record revenue of $101.4 million in Q3 2024, representing a 27% increase from $80.1 million in Q3 2023.
Profitability Turnaround: 2. Profitability Milestone: The company reported a net profit of $13.2 million in Q3 2024, a significant turnaround from a net loss of $26.2 million in the same quarter last year.
Gross Margin Improvement: 3. Improved Gross Margin: Gross margin improved to 33.2% in Q3 2024, up from 22.3% in Q3 2023, reflecting better operational efficiencies and a favorable product mix.
EMEA Sales Surge: 4. Substantial EMEA Growth: EMEA sales surged by 212% year-over-year, contributing to 59% of total revenue in Q3 2024, up from 24% a year ago.
Adjusted EBITDA Improvement: 5. Positive Adjusted EBITDA: Adjusted EBITDA reached $29 million in Q3 2024, marking a significant improvement as the company focuses on sustainable profitability.
Negative
Cash Flow Challenges: 1. Declining Cash Flow: The company reported a net outflow of $3.3 million in operating cash flow for the nine-month period, indicating challenges in cash generation despite improved receivables.
Impairment Impact Analysis: 2. High Impairments: Microvast experienced significant impairments with write-downs and disposals totaling $68.8 million, negatively impacting overall financial health.
Exchange Rate Impact on Cash Flow: 3. Negative Adjustments Impacting Cash Flow: The company faced a negative impact from exchange rates amounting to $4.6 million, which affected financing cash flow.
Revenue Forecast Drop: 4. Projected Revenue Decline: For Q4 2024, the company expects revenue to be in the range of $90 million to $95 million, indicating a slowdown compared to the previous quarter's $101.4 million.
High Share-Based Compensation: 5. Increased Operating Expenses: Despite a reduction in operating expenses to $27.5 million, the company still reported a significant amount of share-based compensation, which totaled $30.3 million for the nine-month period, indicating ongoing high costs.
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MVST Earning Call Sentiment
Microvast Holdings, Inc. (MVST) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MVST.O
-4.33%Positive
The earnings call reveals strong financial performance, with profitability achieved and significant revenue growth, especially in EMEA. Product innovation and strategic partnerships further bolster the positive outlook. Despite risks like global policy uncertainty and supply chain challenges, the company's operational efficiencies and cost-cutting measures have improved margins and profitability. Positive EBITDA and net profit indicate financial health. The guidance is optimistic, with expected revenue growth and maintained gross margins. Therefore, the stock price is likely to see a positive movement in the next two weeks.