05:38 PM EDT, 04/01/2024 (MT Newswires) -- Microvast ( MVST ) reported a Q4 non-GAAP net loss late Monday of $0.04 per diluted share, compared with a loss of $0.05 per share a year earlier.

Three analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended Dec. 31 rose to $104.6 million from $64.8 million a year earlier. Three analysts surveyed by Capital IQ expected $94.5 million.

For Q1, the company expects revenue of $65 million to $75 million. The consensus is for $107.4 million in a Capital IQ poll.

The company's shares were down about 24% in after-hours activity.

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