What's Going On With Microvast Stock Tuesday?
What's Going On With Microvast Stock Tuesday?
Microvast Holdings Inc (NASDAQ:MVST) shares are trading lower Tuesday after the company reported fourth-quarter financial results and issued weak guidance.
Microvast Holdings Inc（納斯達克股票代碼：MVST）週二股價走低，此前該公司公佈了第四季度財務業績併發布了疲軟的指引。
What Happened: Microvast said fourth-quarter revenue increased 61.4% year-over-year to $104.58 million, which beat the consensus estimate of $94.43 million, according to Benzinga Pro. The company reported an adjusted loss of 4 cents per share, which beat estimates for a loss of 7 cents per share.
發生了什麼：根據Benzinga Pro的數據，Microvast表示，第四季度收入同比增長61.4％，達到1.0458億美元，超過了市場普遍預期的9,443萬美元。該公司報告調整後每股虧損4美分，超過預期的每股虧損7美分。
Gross margin increased to 22%, up from 3.4% in the fourth quarter of 2022. Adjusted EBITDA was negative $2.6 million in the fourth quarter. Microvast ended the quarter with $93.8 million in cash, equivalents, restricted cash and short-term investments.
毛利率從2022年第四季度的3.4％增至22％。第四季度調整後的息稅折舊攤銷前利潤爲負260萬美元。Microvast在本季度末擁有9,380萬美元的現金、等價物、限制性現金和短期投資。
The main thing weighing on shares Tuesday appears to be the guidance. Microvast said it expects first-quarter revenue to be in the range $65 million to $75 million versus estimates of $132.84 million. The company also said it's targeting gross margin of 20% to 25% in the first quarter.
週二壓制股市的主要因素似乎是指引。Microvast表示，預計第一季度收入將在6500萬美元至7500萬美元之間，而估計爲1.3284億美元。該公司還表示，其目標是第一季度的毛利率爲20％至25％。
"The revenue growth achieved in EMEA is really encouraging and we would expect this to continue into 2024, with the possibility of this region also hitting breakeven this year. In APAC, with the Huzhou Phase 3.1 expansion now in full operation since Q3 of last year, we anticipate another year of steady revenue growth from mature operations that are now self funding and profitable," said Yang Wu, founder, chairman and CEO of Microvast.
“歐洲、中東和非洲實現的收入增長確實令人鼓舞，我們預計這種情況將持續到2024年，該地區今年也有可能實現盈虧平衡。Microvast創始人、董事長兼首席執行官楊武表示，在亞太地區，湖州3.1期擴建項目自去年第三季度以來已全面投入運營，我們預計成熟業務的收入將再穩定增長一年，這些業務現已實現自籌資金和盈利。
"To get the U.S. to the same mature and steady state requires us to secure financing to complete Clarksville Phase 1A. This remains a key initiative that we hope to bring to a successful close as early as possible."
“要使美國進入同樣的成熟和穩定狀態，我們需要獲得資金以完成克拉克斯維爾第1A階段。這仍然是我們希望儘早成功完成的一項關鍵舉措。”
Following the print, Oppenheimer analyst Colin Rusch maintained Microvast with an Outperform rating and lowered the price target from $8 to $4.
公佈後，奧本海默分析師科林·拉施維持了Microvast的跑贏大盤評級，並將目標股價從8美元下調至4美元。
MVST Price Action: Microvast shares were down 31.7% at 61 cents at the time of writing, according to Benzinga Pro.
MVST價格走勢：根據Benzinga Pro的數據，在撰寫本文時，Microvast股價下跌了31.7％，至61美分。
Photo: 3844328 from Pixabay.
照片：來自 Pixabay 的 3844328。
譯文內容由第三人軟體翻譯。