NasdaqCM:MVSTMachinery
Microvast (MVST) Stock Grapples With Margin Compression And Cash Burn
Microvast Holdings slipped about 1.3% to US$0.86 today, yet that small move barely hints at the pressure inside the latest earnings print. Q2 revenue came in at US$87.3m with a sharp drop in adjusted earnings before interest, tax, depreciation and amortisation, and a GAAP net loss of US$12.0m. For a high capital intensity battery manufacturer, the real headline is margin compression. Gross margin narrowed to 29.5%, while operating expenses climbed, raising fresh questions about how...