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Stock impact report

Microvast Reports 2024 Financial Results

Microvast Holdings, Inc. (MVST) 
Company Research Source: GlobeNewswire
Revenue increased 23.9% year over year to $379.8 million in FY 2024Record quarterly revenue of $113.4 million, up 8.4% year over year in Q4 2024Gross margin increased from 18.7% to 31.5%, a 12.8 percentage point improvement year over year, with Q4 2024 gross margin of 36.6% compared to 22.0% in Q4 2023 STAFFORD, Texas, March 31, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a global leader in advanced battery technologies, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2024 (“Q4 2024” and “FY 2024,” respectively). “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 Yang Wu, Microvast’s F Show less Read more
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