Overview

* Microvast Holdings ( MVST ) Q2 revenue rises 9.2% to $91.3 mln, misses analyst expectations, per LSEG data

* Adjusted EBITDA turns positive at $25.9 mln, compared to negative $78.4 mln last year

* Company's gross margin increased to 34.7% from 32.5% in Q2 2024

Outlook

* Microvast ( MVST ) targets 2025 revenue between $450 mln and $475 mln

* Company updates 2025 gross margin target to 32%

* Microvast ( MVST ) plans Huzhou expansion completion by year-end

Result Drivers

* INCREASED DEMAND - Co attributes revenue growth to increasing demand for advanced battery solutions

* OPERATIONAL EFFICIENCY - Improved gross margin and positive adjusted EBITDA reflect focus on operational efficiency

* COST MANAGEMENT - Significant reduction in operating expenses contributed to financial performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $91.30 $106.80

Revenue mln mln (3

Analysts

)

Q2 Beat $0.05 $0.01 (2

Adjusted Analysts

EPS )

Q2 Beat $16.30 $3.58

Adjusted mln mln (2

Net Analysts

Income )

Q2 Net -$106.10

Income mln

Q2 Beat $25.90 $17.10

Adjusted mln mln (3

EBITDA Analysts

)

Q2 $16.50

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Microvast Holdings Inc ( MVST ) is $4.00, about 27.7% above its August 8 closing price of $2.89

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 93 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)