Microvast Holdings Inc
For the period ended Mar 31, 2024. Filed May 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 9, 2024
MVST$0.22-64.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| December 31,2023 | March 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $44,541 | $39,451 |
| Restricted cash, current | 37,477 | 44,693 |
| Short-term investments | 5,634 | — |
| Accounts receivable (net of allowance for credit losses of $4,571 and $5,065 as of December 31, 2023 and March 31, 2024, respectively) | 138,717 | 123,543 |
| Notes receivable | 23,736 | 12,162 |
| Inventories, net | 149,749 | 137,330 |
| Prepaid expenses and other current assets | 25,752 | 20,973 |
| Total Current Assets | 425,606 | 378,152 |
| Restricted cash, non-current | 6,171 | 2,560 |
| Property, plant and equipment, net | 620,667 | 616,508 |
| Land use rights, net | 11,984 | 11,712 |
| Acquired intangible assets, net | 3,136 | 2,985 |
| Operating lease right-of-use assets | 19,507 | 18,777 |
| Other non-current assets | 9,661 | 9,954 |
| Total Assets | $1,096,732 | $1,040,648 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable | $112,618 | $83,071 |
| Notes payable | 63,374 | 63,355 |
| Accrued expenses and other current liabilities | 148,284 | 137,231 |
| Advance from customers | 43,087 | 41,276 |
| Short-term bank borrowings | 35,392 | 41,034 |
| Income tax payables | 655 | 653 |
| Total Current Liabilities | 403,410 | 366,620 |
| Long-term bonds payable | 43,157 | 43,157 |
| Long-term bank borrowings | 43,761 | 43,031 |
| Warrant liability | 67 | 25 |
| Share-based compensation liability | 199 | 197 |
| Operating lease liabilities | 17,087 | 16,234 |
| Other non-current liabilities | 24,861 | 25,238 |
| Total Liabilities | $532,542 | $494,502 |
| Commitments and contingencies (Note 16) | ||
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - continued
| December 31,2023 | March 31,2024 | |
|---|---|---|
| Shareholders’ Equity | ||
| Common Stock (par value of US$0.0001 per share, 750,000,000 and 750,000,000 shares authorized as of December 31, 2023 and March 31, 2024; 316,694,442 and 317,196,095 shares issued, and 315,006,942 and 315,508,595 shares outstanding as of December 31, 2023 and March 31, 2024) | $32 | $32 |
| Additional paid-in capital | 1,481,241 | 1,493,139 |
| Statutory reserves | 6,032 | 6,032 |
| Accumulated deficit | (897,501) | (922,326) |
| Accumulated other comprehensive loss | (25,614) | (30,731) |
| Total Equity | $564,190 | $546,146 |
| Total Liabilities and Equity | $1,096,732 | $1,040,648 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.