Microvast: Microvast Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2024

Microvast Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported sales was USD 113.39 million compared to USD 104.58 million a year ago. Net loss was USD 82.32 million compared to USD 24.54 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.08 a year ago. For the full year, sales was USD 379.8 million compared to USD 306.62 million a year ago. Net loss was USD 195.46 million compared to USD 106.34 million a year ago. Basic loss per share from continuing operations was USD 0.61 compared to USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.61 compared to USD 0.34 a year ago.