2023 Q3 Form 10-Q Financial Statement

#000176068923000026 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $80.12M $74.95M
YoY Change 107.47% 16.36%
Cost Of Revenue $62.23M $63.49M
YoY Change 69.93% 6.58%
Gross Profit $17.88M $11.46M
YoY Change 797.34% 136.75%
Gross Profit Margin 22.32% 15.29%
Selling, General & Admin $31.43M $29.46M
YoY Change 11.68% -26.62%
% of Gross Profit 175.76% 257.02%
Research & Development $13.24M $9.507M
YoY Change 15.57% -7.19%
% of Gross Profit 74.04% 82.95%
Depreciation & Amortization $5.036M $5.099M
YoY Change 2.34% -2.07%
% of Gross Profit 28.16% 44.49%
Operating Expenses $44.67M $38.96M
YoY Change 12.8% -22.67%
Operating Profit -$26.35M -$26.87M
YoY Change -28.96% -40.26%
Interest Expense $491.0K $487.0K
YoY Change -36.56% -45.59%
% of Operating Profit
Other Income/Expense, Net $127.0K -$243.0K
YoY Change -63.61% -2530.0%
Pretax Income -$26.17M -$26.08M
YoY Change -28.38% -40.98%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$26.13M -$26.09M
YoY Change -28.5% -40.95%
Net Earnings / Revenue -32.62% -34.81%
Basic Earnings Per Share -$0.08 -$0.08
Diluted Earnings Per Share -$0.08 -$0.08
COMMON SHARES
Basic Shares Outstanding 316.3M shares 309.4M shares
Diluted Shares Outstanding 313.1M shares 307.7M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.89M $168.3M
YoY Change -68.6% -49.6%
Cash & Equivalents $67.40M $142.8M
Short-Term Investments $25.50M $25.49M
Other Short-Term Assets $47.64M $48.16M
YoY Change -53.4% -37.93%
Inventory $126.9M $86.76M
Prepaid Expenses
Receivables $116.3M $106.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $403.9M $427.0M
YoY Change -28.83% -30.16%
LONG-TERM ASSETS
Property, Plant & Equipment $549.5M $497.8M
YoY Change 91.92% 78.8%
Goodwill
YoY Change
Intangibles $3.210M $3.343M
YoY Change 89.27% 90.16%
Long-Term Investments
YoY Change
Other Assets $28.54M $36.60M
YoY Change -45.96% -26.49%
Total Long-Term Assets $612.7M $570.7M
YoY Change 51.12% 58.4%
TOTAL ASSETS
Total Short-Term Assets $403.9M $427.0M
Total Long-Term Assets $612.7M $570.7M
Total Assets $1.017B $997.7M
YoY Change 4.48% 2.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $95.29M $54.32M
YoY Change 164.91% 37.25%
Accrued Expenses $10.22M $11.03M
YoY Change -87.15% -83.48%
Deferred Revenue $54.48M $53.06M
YoY Change 726.86% 1064.06%
Short-Term Debt $24.82M $18.12M
YoY Change 253.08% 105.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $336.4M $292.7M
YoY Change 45.1% 29.37%
LONG-TERM LIABILITIES
Long-Term Debt $74.73M $74.92M
YoY Change -8.7% 70.7%
Other Long-Term Liabilities $20.82M $32.05M
YoY Change -29.59% -0.39%
Total Long-Term Liabilities $20.82M $32.05M
YoY Change -29.59% -0.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $336.4M $292.7M
Total Long-Term Liabilities $20.82M $32.05M
Total Liabilities $449.2M $418.0M
YoY Change 25.81% 31.58%
SHAREHOLDERS EQUITY
Retained Earnings -$873.0M -$846.8M
YoY Change 15.25% 17.47%
Common Stock $32.00K $31.00K
YoY Change 3.23% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $565.3M $577.7M
YoY Change
Total Liabilities & Shareholders Equity $1.017B $997.7M
YoY Change 4.48% 2.68%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$26.13M -$26.09M
YoY Change -28.5% -40.95%
Depreciation, Depletion And Amortization $5.036M $5.099M
YoY Change 2.34% -2.07%
Cash From Operating Activities -$29.34M -$29.84M
YoY Change -693.93% -22.73%
INVESTING ACTIVITIES
Capital Expenditures $59.94M $57.71M
YoY Change -456.66% -314.9%
Acquisitions
YoY Change
Other Investing Activities $224.0K $132.0K
YoY Change 22300.0% 13100.0%
Cash From Investing Activities -$59.72M -$57.58M
YoY Change 255.35% 114.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.863M 909.0K
YoY Change -81.98% -123.51%
NET CHANGE
Cash From Operating Activities -29.34M -29.84M
Cash From Investing Activities -59.72M -57.58M
Cash From Financing Activities 6.863M 909.0K
Net Change In Cash -82.20M -86.51M
YoY Change -413.42% 24.76%
FREE CASH FLOW
Cash From Operating Activities -$29.34M -$29.84M
Capital Expenditures $59.94M $57.71M
Free Cash Flow -$89.28M -$87.55M
YoY Change -510.56% 644.03%

Facts In Submission

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DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Microvast, Inc. was incorporated under the laws of the State of Texas in the United States of America on October 12, 2006 and re-domiciled to the State of Delaware on December 31, 2015. On July 23, 2021 (the “Closing Date”), Microvast, Inc. and Tuscan Holdings Corp.(“Tuscan”) consummated the previously announced merger (the “Merger”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated February 1, 2021, between Tuscan, Microvast, Inc. and TSCN Merger Sub Inc., a Delaware corporation (“Merger Sub”).</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Pursuant to the Merger Agreement, the Merger Sub merged with and into Microvast, Inc., with Microvast, Inc. surviving the Merger. As a result of the Merger, Tuscan was renamed “Microvast Holdings, Inc.” (the “Company”). The Merger was accounted for as a reverse recapitalization as Microvast, Inc. was determined to be the accounting acquirer under Financial Accounting Standards Board’s Accounting Standards Codification Topic 805, Business Combinations (“ASC 805”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company and its subsidiaries (collectively, the “Group”) are primarily engaged in developing, manufacturing, and selling electronic power products for electric vehicles and energy storage across the globe.</span></div>
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3493000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5420000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1857000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2077000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1636000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3343000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
61000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
120000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
122000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
249000 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
244000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
482000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
479000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
477000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
471000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
382000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
808000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3343000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13044000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7855000 usd
CY2022Q4 mvst Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
29183000 usd
CY2023Q2 mvst Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
82968000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8608000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
9091000 usd
CY2022Q4 mvst Accrued Payroll And Welfare
AccruedPayrollAndWelfare
4716000 usd
CY2023Q2 mvst Accrued Payroll And Welfare
AccruedPayrollAndWelfare
4274000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2641000 usd
CY2023Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3057000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
298000 usd
CY2023Q2 us-gaap Interest Payable Current
InterestPayableCurrent
755000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6296000 usd
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
5503000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1934000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2946000 usd
CY2022Q4 mvst Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
66720000 usd
CY2023Q2 mvst Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
116449000 usd
CY2022Q1 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
51431000 usd
CY2023Q1 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
39610000 usd
CY2021Q4 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
58458000 usd
CY2022Q4 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
42060000 usd
CY2022Q2 mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
3550000 usd
CY2023Q2 mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
2920000 usd
mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
6235000 usd
mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
5450000 usd
CY2022Q2 mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
8590000 usd
CY2023Q2 mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
3338000 usd
mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
18600000 usd
mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
8510000 usd
CY2022Q2 mvst Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
-2688000 usd
CY2023Q2 mvst Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
-2084000 usd
mvst Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
-2390000 usd
mvst Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
-1892000 usd
CY2022Q2 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
43703000 usd
CY2023Q2 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
37108000 usd
CY2022Q2 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
43703000 usd
CY2023Q2 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
37108000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13044000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7855000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29016000 usd
CY2023Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29253000 usd
CY2022Q4 mvst Product Warranty Total
ProductWarrantyTotal
42060000 usd
CY2023Q2 mvst Product Warranty Total
ProductWarrantyTotal
37108000 usd
CY2022Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2023Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
504000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1028000 usd
CY2022Q1 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
13335000 usd
CY2023Q1 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
50964000 usd
CY2021Q4 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
13301000 usd
CY2022Q4 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
46395000 usd
CY2022Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
13466000 usd
CY2023Q2 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
4848000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
13466000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9232000 usd
CY2022Q2 mvst Repayments Of Principal
RepaymentsOfPrincipal
17332000 usd
CY2023Q2 mvst Repayments Of Principal
RepaymentsOfPrincipal
3939000 usd
mvst Repayments Of Principal
RepaymentsOfPrincipal
17332000 usd
mvst Repayments Of Principal
RepaymentsOfPrincipal
3939000 usd
CY2022Q2 mvst Exchange Difference
ExchangeDifference
-662000 usd
CY2023Q2 mvst Exchange Difference
ExchangeDifference
-2727000 usd
mvst Exchange Difference
ExchangeDifference
-628000 usd
mvst Exchange Difference
ExchangeDifference
-2542000 usd
CY2022Q2 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
8807000 usd
CY2023Q2 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
49146000 usd
CY2022Q2 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
8807000 usd
CY2023Q2 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
49146000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
17398000 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
18117000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
28997000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
31029000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
46395000 usd
CY2022Q4 mvst Pledged Buildings
PledgedBuildings
27245000 usd
CY2023Q2 mvst Pledged Buildings
PledgedBuildings
25088000 usd
CY2022Q4 mvst Pledged Land Use Rights
PledgedLandUseRights
12639000 usd
CY2023Q2 mvst Pledged Land Use Rights
PledgedLandUseRights
11878000 usd
CY2022Q4 mvst Pledged Total Asset
PledgedTotalAsset
39884000 usd
CY2023Q2 mvst Pledged Total Asset
PledgedTotalAsset
36966000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29016000 usd
CY2023Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29253000 usd
CY2022Q4 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
3066000 usd
CY2023Q2 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
2793000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
32082000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
32046000 usd
CY2022Q4 mvst Long Term Bonds Payable
LongTermBondsPayable
43888000 usd
CY2023Q2 mvst Long Term Bonds Payable
LongTermBondsPayable
43888000 usd
CY2018Q4 mvst Bond Loan
BondLoan
87776000 usd
CY2018Q4 mvst Bond Loan
BondLoan
600000000 cny
CY2018Q4 mvst Equity Holding Pledged Percentage
EquityHoldingPledgedPercentage
0.1239
mvst Debt Instrument Convertible Amount Subsidiary Value Threshold
DebtInstrumentConvertibleAmountSubsidiaryValueThreshold
950000000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
14629000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000000 cny
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
14630000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000000 cny
CY2023Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12
CY2023Q2 mvst Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
43888000 usd
CY2023Q2 mvst Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
300000000 cny
CY2021Q3 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
27600000 shares
CY2021Q3 mvst Class Of Warrant Or Right Exercisable Period
ClassOfWarrantOrRightExercisablePeriod
P30D
CY2021Q3 mvst Warrant Term
WarrantTerm
P5Y
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
231420000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
71197000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
302617000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
126000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
126000 usd
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
142766000 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
27553000 usd
CY2023Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
170319000 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
109000 usd
CY2023Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
109000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1105000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
126000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
820000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
17000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
285000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
109000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1069000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1949000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
108000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
179000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y3M18D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
us-gaap Operating Lease Payments
OperatingLeasePayments
1958000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5850000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2092000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3280000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2798000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2546000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2416000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1839000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
11666000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
26637000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5688000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
20949000 usd
CY2021Q3 us-gaap Standby Bond Purchase Commitment Expiration Period
StandbyBondPurchaseCommitmentExpirationPeriod
P10Y
CY2021Q3 mvst Exchange Ratio
ExchangeRatio
160.3
CY2021Q3 mvst Common Stock Reserved For Esop Plan
CommonStockReservedForESOPPlan
0.05
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
33503657 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.19
CY2021Q4 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.95
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2400000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.97
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
120225 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.92
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35783432 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.13
CY2022Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
35783432 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.13
CY2022Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
4.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P7Y3M18D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1122100 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.28
CY2022Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
5.29
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36091071 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.08
CY2022Q4 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.80
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
240000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.67
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
347317 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.28
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.86
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35983754 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.04
CY2023Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.77
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
35983754 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.04
CY2023Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
4.77
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
12563621 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.14
CY2023Q2 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
4.87
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
60805000 usd
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
NetAmountAtRiskByProductAndGuaranteeWeightedAveragePeriodRemaining1
P1Y1M6D
CY2023Q2 mvst Aggregate Intrinsic Value Of The Share Options
AggregateIntrinsicValueOfTheShareOptions
85000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
5903000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
7827000 usd
CY2022Q2 mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
1882000 usd
CY2023Q2 mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
1525000 usd
mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
3816000 usd
mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
3029000 usd
CY2022Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
24558000 usd
CY2023Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
12419000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
42694000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
24587000 usd
CY2022Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
2649000 usd
CY2023Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
2693000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
7788000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
5707000 usd
CY2022Q2 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
1328000 usd
CY2023Q2 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
1213000 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
4249000 usd
us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
2456000 usd
CY2022Q2 mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
102000 usd
CY2023Q2 mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
149000 usd
mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
264000 usd
mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
289000 usd
CY2022Q2 mvst Stock Based Compensation Total
StockBasedCompensationTotal
30519000 usd
CY2023Q2 mvst Stock Based Compensation Total
StockBasedCompensationTotal
17999000 usd
mvst Stock Based Compensation Total
StockBasedCompensationTotal
58811000 usd
mvst Stock Based Compensation Total
StockBasedCompensationTotal
36068000 usd
CY2022Q2 mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-44182000 usd
CY2023Q2 mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-26089000 usd
mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-87958000 usd
mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-55670000 usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
300565515 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
300565515 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307742032 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307742032 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
299709069 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
299709069 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
307728460 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
307728460 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2022Q2 mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
34145152 shares
CY2023Q2 mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
36123034 shares
mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
33815815 shares
mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
36088798 shares
CY2022Q2 mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
1347060 shares
CY2023Q2 mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
3979361 shares
mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
1011788 shares
mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
3527440 shares
CY2022Q2 mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
660122 shares
CY2023Q2 mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
13349144 shares
mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
331885 shares
mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
13349144 shares
CY2022Q2 mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
28437000 shares
CY2023Q2 mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
28437000 shares
mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
28437000 shares
mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
28437000 shares
CY2022Q2 mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
19999988 shares
CY2023Q2 mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
19999988 shares
mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
19999988 shares
mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
19999988 shares
CY2022Q2 mvst Shares Issuable That May Be Subject To Cancellation In Dollars
SharesIssuableThatMayBeSubjectToCancellationInDollars
1687500 shares
CY2023Q2 mvst Shares Issuable That May Be Subject To Cancellation In Dollars
SharesIssuableThatMayBeSubjectToCancellationInDollars
1687500 shares
mvst Shares Issuable That May Be Subject To Cancellation In Dollars
SharesIssuableThatMayBeSubjectToCancellationInDollars
1687500 shares
mvst Shares Issuable That May Be Subject To Cancellation In Dollars
SharesIssuableThatMayBeSubjectToCancellationInDollars
1687500 shares
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
25490000 usd

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