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 Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2023 | 2024 | |
| Revenues | $46,973 | $81,351 |
| Cost of revenues | (42,115) | (64,126) |
| Gross profit | 4,858 | 17,225 |
| Operating expenses: | ||
| General and administrative expenses | (20,385) | (23,794) |
| Research and development expenses | (10,861) | (11,492) |
| Selling and marketing expenses | (4,988) | (5,591) |
| Total operating expenses | (36,234) | (40,877) |
| Subsidy income | 77 | 534 |
| Loss from operations | (31,299) | (23,118) |
| Other income and expenses: | ||
| Interest income | 1,381 | 119 |
| Interest expense | (459) | (1,732) |
| Changes in fair value of warrant liability | 17 | 42 |
| Other income (expense), net | 789 | (136) |
| Loss before provision for income taxes | (29,571) | (24,825) |
| Income tax expense | — | — |
| Net loss | $(29,571) | $(24,825) |
| Less: net income attributable to noncontrolling interests | 10 | — |
| Net loss attributable to Microvast Holdings, Inc.'s shareholders | $(29,581) | $(24,825) |
| Net loss per common share | ||
| Basic and diluted | $(0.10) | $(0.08) |
| Weighted average shares used in calculating net loss per share of common stock | ||
| Basic and diluted | 307,714,841 | 315,367,121 |
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