Financial Snapshot

Revenue
$371.0M
TTM
Gross Margin
27.21%
TTM
Net Earnings
-$114.6M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
130.27%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$509.2M
Q3 2024
Cash
Q3 2024
P/E
-3.318
Nov 29, 2024 EST
Free Cash Flow
-$68.82M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $306.6M $204.5M $152.0M $107.5M $76.43M $174.2M
YoY Change 49.94% 34.56% 41.35% 40.67% -56.13%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $306.6M $204.5M $152.0M $107.5M $76.43M $174.2M
Cost Of Revenue $249.4M $195.4M $194.7M $90.38M $76.67M $153.4M
Gross Profit $57.23M $9.073M -$42.74M $17.14M -$231.0K $20.85M
Gross Profit Margin 18.66% 4.44% -28.12% 15.94% -0.3% 11.97%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $120.9M $127.2M $120.6M $32.61M $30.88M $47.63M
YoY Change -4.94% 5.44% 269.89% 5.61% -35.17%
% of Gross Profit 211.27% 1401.77% 190.26% 228.44%
Research & Development $45.00M $43.51M $34.39M $16.64M $26.00M $32.45M
YoY Change 3.44% 26.53% 106.68% -36.0% -19.89%
% of Gross Profit 78.64% 479.53% 97.07% 155.63%
Depreciation & Amortization $22.63M $20.37M $20.71M $16.79M $15.39M $12.75M
YoY Change 11.14% -1.68% 23.35% 9.13% 20.72%
% of Gross Profit 39.55% 224.46% 97.97% 61.13%
Operating Expenses $165.9M $170.7M $155.0M $49.25M $56.87M $80.08M
YoY Change -2.8% 10.12% 214.75% -13.41% -28.98%
Operating Profit -$106.7M -$159.9M -$197.7M -$32.11M -$57.10M -$59.23M
YoY Change -33.27% -19.12% 515.9% -43.77% -3.58%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $2.628M $3.323M -$2.496M -$5.167M -$5.468M -$1.972M
YoY Change -20.91% -233.13% -51.69% -5.5% 177.28%
% of Operating Profit
Other Income/Expense, Net -$713.0K $944.0K -$9.923M $650.0K -$145.0K -$2.606M
YoY Change -175.53% -109.51% -1626.62% -548.28% -94.44%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$106.4M -$158.2M -$206.5M -$33.62M -$59.47M -$54.27M
YoY Change -32.73% -23.4% 514.09% -43.46% 9.6%
Income Tax $10.00K $33.00K $1.000K $189.0K $6.425M
% Of Pretax Income
Net Earnings -$106.3M -$158.2M -$206.5M -$33.63M -$57.54M -$54.89M
YoY Change -32.78% -23.38% 514.08% -41.56% 4.82%
Net Earnings / Revenue -34.68% -77.36% -135.87% -31.27% -75.28% -31.5%
Basic Earnings Per Share -$0.34 -$0.52 -$1.26 -$0.82
Diluted Earnings Per Share -$0.34 -$0.52 -$687.1K -$111.9K -$191.5K -$182.7K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $50.18M $256.5M $480.9M $21.50M $28.94M $20.00K
YoY Change -80.44% -46.67% 2137.3% -25.71% 144580.0%
Cash & Equivalents $44.54M $231.4M $480.9M $21.50M $27.98M
Short-Term Investments $5.634M $25.07M $0.00 $958.0K
Other Short-Term Assets $48.20M $80.11M $68.00M $22.56M $15.38M
YoY Change -39.83% 17.81% 201.36% 46.71%
Inventory $149.7M $84.25M $53.42M $44.97M $57.30M
Prepaid Expenses
Receivables $162.5M $121.5M $99.86M $97.14M $101.0M
Other Receivables $15.03M $2.719M $4.394M $3.159M $4.231M
Total Short-Term Assets $425.6M $545.1M $706.6M $189.3M $206.8M $20.00K
YoY Change -21.92% -22.86% 273.23% -8.47% 1034135.0%
Property, Plant & Equipment $640.2M $351.5M $253.1M $198.0M $191.3M
YoY Change 82.12% 38.9% 27.8% 3.5%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.82M $86.75M $33.75M $14.89M $14.99M $80.00K
YoY Change -67.93% 157.06% 126.62% -0.68% 18641.25%
Total Long-Term Assets $671.1M $439.9M $288.7M $215.2M $209.0M $80.00K
YoY Change 52.57% 52.38% 34.16% 2.97% 261116.25%
Total Assets $1.097B $985.0M $995.3M $404.5M $415.8M $100.0K
YoY Change
Accounts Payable $112.6M $44.99M $40.41M $42.01M $35.58M
YoY Change 150.35% 11.33% -3.81% 18.06%
Accrued Expenses $30.51M $22.63M $28.68M $54.14M $32.32M
YoY Change 34.78% -21.08% -47.03% 67.5%
Deferred Revenue
YoY Change
Short-Term Debt $98.77M $85.84M $74.25M $47.97M $47.09M $80.00K
YoY Change 15.06% 15.6% 54.81% 1.86% 58760.0%
Long-Term Debt Due $0.00 $29.92M $73.80M
YoY Change -100.0% -59.47%
Total Short-Term Liabilities $403.4M $252.4M $175.6M $183.6M $195.8M $80.00K
YoY Change 59.82% 43.75% -4.37% -6.22% 244647.5%
Long-Term Debt $86.92M $72.89M $73.15M $94.94M $51.05M
YoY Change 19.25% -0.36% -22.95% 85.97%
Other Long-Term Liabilities $42.21M $46.69M $59.85M $110.6M $131.0M
YoY Change -9.58% -22.0% -45.88% -15.54%
Total Long-Term Liabilities $129.1M $119.6M $133.0M $205.5M $182.0M
YoY Change 8.0% -10.1% -35.29% 12.93%
Total Liabilities $532.5M $372.0M $308.6M $480.0M $458.4M $80.00K
YoY Change 43.16% 20.54% -35.71% 4.72% 572852.5%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 310.9M shares 303.3M shares 185.9M shares 99.03M shares
Diluted Shares Outstanding 310.9M shares 303.3M shares 185.9M shares 99.03M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $380.11 Million

About Microvast Holdings, Inc.

Microvast Holdings, Inc. is an advanced battery technology company. The company is headquartered in Stafford Texas, Texas and currently employs 2,006 full-time employees. The company went IPO on 2017-01-04. The company designs, develops and manufactures battery components and systems for electric commercial vehicles and utility-scale energy storage systems (ESS). The company has developed proprietary technologies spanning the entire battery system, from basic cell materials (cathode, anode, electrolyte, separator) to cooling systems and software controls. The company develops and commercializes a range of cell chemistries, including lithium titanate oxide (LTO), lithium iron phosphate (LFP), nickel manganese cobalt version 1 (NMC-1) and nickel manganese cobalt version 2 (NMC-2). The company designs, develops and manufactures battery solutions for electric commercial vehicles, such as light, medium and heavy-duty trucks, buses, trains, mining trucks, marine and port vehicles, automated guided and specialty vehicles. Its products are marketed and sold through three regions: Europe, Middle East and Africa; North and South America, and Asia & Pacific.

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