Microvast Stock Crashes After Q1 Earnings — What You Need To Know

Microvast Holdings Inc. (NASDAQ:MVST) stock crashed after the company posted its first-quarter results after Monday’s closing bell and issued a going concern warning. 

Here’s a look at the details inside the report. 

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Microvast Q1 Details       

Microvast reported quarterly losses of four cents per share, which missed the analyst consensus estimate for earnings of one cent, according to Benzinga Pro data. 

Quarterly revenue came in at $60.6 million, which missed the Street estimate of $99.02 million by 38.8% and was down from $116.5 million in the same period last year.

Microvast said the decrease was primarily a result of …

Full story available on Benzinga.com