Microvast Holdings Inc
NASDAQ:MVST
Income Statement
Earnings Waterfall
Microvast Holdings Inc
Revenue
|
306.6m
USD
|
Cost of Revenue
|
-249.4m
USD
|
Gross Profit
|
57.2m
USD
|
Operating Expenses
|
-165.9m
USD
|
Operating Income
|
-108.7m
USD
|
Other Expenses
|
2.3m
USD
|
Net Income
|
-106.3m
USD
|
Income Statement
Microvast Holdings Inc
Dec-2020 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||
Revenue |
108
N/A
|
112
+4%
|
118
+5%
|
152
+28%
|
174
+14%
|
205
+18%
|
206
+1%
|
205
-1%
|
215
+5%
|
225
+5%
|
267
+18%
|
307
+15%
|
|
Gross Profit | |||||||||||||
Cost of Revenue |
(90)
|
(107)
|
(152)
|
(195)
|
(215)
|
(235)
|
(198)
|
(195)
|
(201)
|
(205)
|
(230)
|
(249)
|
|
Gross Profit |
17
N/A
|
6
-67%
|
(34)
N/A
|
(43)
-26%
|
(42)
+3%
|
(30)
+28%
|
8
N/A
|
9
+14%
|
14
+53%
|
21
+48%
|
36
+77%
|
57
+57%
|
|
Operating Income | |||||||||||||
Operating Expenses |
(49)
|
(43)
|
(108)
|
(155)
|
(189)
|
(224)
|
(186)
|
(171)
|
(164)
|
(152)
|
(157)
|
(166)
|
|
Selling, General & Administrative |
(33)
|
(29)
|
(85)
|
(121)
|
(147)
|
(178)
|
(141)
|
(127)
|
(120)
|
(110)
|
(113)
|
(121)
|
|
Research & Development |
(17)
|
(15)
|
(24)
|
(34)
|
(42)
|
(46)
|
(44)
|
(44)
|
(43)
|
(42)
|
(44)
|
(45)
|
|
Operating Income |
(32)
N/A
|
(38)
-17%
|
(142)
-279%
|
(198)
-39%
|
(231)
-17%
|
(254)
-10%
|
(178)
+30%
|
(162)
+9%
|
(150)
+7%
|
(132)
+12%
|
(121)
+8%
|
(109)
+10%
|
|
Pre-Tax Income | |||||||||||||
Interest Income Expense |
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
1
|
1
|
1
|
3
|
3
|
3
|
1
|
|
Non-Reccuring Items |
3
|
2
|
3
|
4
|
4
|
5
|
5
|
2
|
2
|
2
|
2
|
2
|
|
Total Other Income |
1
|
(3)
|
(6)
|
(10)
|
(6)
|
(3)
|
1
|
1
|
1
|
1
|
1
|
(1)
|
|
Pre-Tax Income |
(34)
N/A
|
(42)
-25%
|
(148)
-253%
|
(207)
-40%
|
(234)
-13%
|
(251)
-7%
|
(171)
+32%
|
(158)
+8%
|
(144)
+9%
|
(126)
+13%
|
(115)
+8%
|
(106)
+8%
|
|
Net Income | |||||||||||||
Tax Provision |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(34)
|
(42)
|
(148)
|
(207)
|
(234)
|
(251)
|
(171)
|
(158)
|
(144)
|
(126)
|
(116)
|
(106)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
|
Net Income (Common) |
(81)
N/A
|
(78)
+4%
|
(176)
-127%
|
(234)
-33%
|
(250)
-7%
|
(255)
-2%
|
(171)
+33%
|
(158)
+8%
|
(144)
+9%
|
(126)
+13%
|
(116)
+8%
|
(106)
+8%
|
|
EPS (Diluted) |
-0.27
N/A
|
-0.25
+7%
|
-0.58
-132%
|
-0.78
-34%
|
-0.84
-8%
|
-0.86
-2%
|
-0.55
+36%
|
-0.52
+5%
|
-0.48
+8%
|
-0.41
+15%
|
-0.37
+10%
|
-0.34
+8%
|