Why Is EV Battery Tech Provider Microvast Stock Surging Today?

Shares of Microvast Holdings Inc MVST are trading higher in premarket on Tuesday after the fourth-quarter earnings. The company reported fourth-quarter sales growth of 8.4% year-on-year to $113.

39 million, beating the analyst consensus estimate of $91.88 million. Adjusted EPS loss for the quarter improved to $0.



01 from $0.04 last year. The gross margin expanded 1,460 basis points to 36.

6%, and the gross profit was $41.5 million, an 80% increase. Also Read: Tesla Stock Climbs Over 3% In Tuesday Pre-Market: What’s Going On? Operating expenses for the quarter came down to $43.

2 million. Adjusted net loss narrowed to $0.6 million from a loss of $11.

4 million last year. Adjusted EBITDA for the quarter amounted to $8.6 million versus an adjusted EBITDA loss of $2.

6 million last year. The company held $109.6 million in cash and equivalents as of December 31, 2024.

Operating cash flow for the year totaled $2.8 million. “We achieved record quarterly revenue in the fourth quarter of 2024, beating revenue guidance.

This brings our full year revenue growth to 23.9% and we delivered these revenues at a gross margin also above guidance. The revenue growth achieved in EMEA is encouraging and we would expect to continue this growth into 2025,” said Founder, Chairman and CEO Yang Wu .

FY25 Outlook : Microvast is targeting a revenue growth of 18% – 25% to $450 million – $475 million versus the consensus of $463.45 million. The company expects Huzhou Phase 3.

2 production in fourth-quarter, increasing production capacity to meet strong customer demand. Price Action : MVST shares traded higher by 12% at $1.31 premarket at last check Tuesday.

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