Overview
Microvast Q3 revenue rose 21.6% yr/yr, beating analyst expectations
Adjusted net income for Q3 missed analyst expectations
Adjusted EBITDA for Q3 missed analyst expectations
Outlook
Company maintains 2025 revenue guidance of $450 mln to $475 mln
Microvast updates 2025 gross margin outlook to 32%-35%
Company to complete Huzhou Phase 3.2 expansion by year-end
Result Drivers
REVENUE GROWTH - Co attributes 21.6% revenue increase to strong demand for battery solutions
GROSS MARGIN IMPROVEMENT - Co cites efficiency and product mix as reasons for 4.4 percentage point gross margin increase
ADJUSTED EBITDA - Positive adjusted EBITDA of $21.9 mln reflects focus on profitability and operational excellence, per CEO Yang Wu
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $123.3 mln | $120.02 mln (2 Analysts) |
Q3 Adjusted Net Income | Miss | $11.9 mln | $17.34 mln (1 Analyst) |
Q3 Net Income | -$1.5 mln | ||
Q3 Adjusted EBITDA | Miss | $21.9 mln | $25.13 mln (2 Analysts) |
Q3 Operating Expenses | $33.5 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Microvast Holdings Inc is $5.50, about 10.4% above its November 7 closing price of $4.93
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nGNX1BkqV6
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)