In millions, except per share items | Mar-31-23 | Dec-31-22 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues | 214.8 | 204.5 | 206.5 | 204.7 | 173.7 | 152.0 | 85.2 | 48.3 |
Cost of revenues | -200.9 | -195.4 | -198.5 | -234.6 | -215.2 | -194.7 | -168.5 | -122.8 |
Gross profit | 13.9 | 9.1 | 8.0 | -29.9 | -41.5 | -42.7 | -35.2 | 4.4 |
|
Operating expenses: | | | | | | | | |
General and administrative expenses | 98.9 | 104.6 | 116.8 | 151.3 | 123.2 | 101.6 | 74.0 | 21.7 |
Research and development expenses | 43.1 | 43.5 | 44.2 | 46.3 | 41.9 | 34.4 | 27.3 | 18.4 |
Selling and marketing expenses | 16.5 | 15.9 | 13.0 | 16.1 | 15.3 | 15.4 | 18.5 | 14.6 |
Total operating expenses | 163.5 | 170.7 | 185.6 | 224.0 | 189.3 | 157.4 | 119.8 | 54.6 |
Subsidy income | 1.6 | 1.7 | 4.7 | 4.7 | 4.3 | 6.1 | 4.9 | 4.3 |
Loss from operations | -148.0 | -159.9 | -172.9 | -249.1 | -226.5 | -194.1 | -150.2 | -46.0 |
|
Other income and expenses: | | | | | | | | |
Interest income | 4.2 | 3.2 | 1.7 | 1.0 | 0.7 | 0.4 | 0.4 | 0.3 |
Interest expense | -3.0 | -3.3 | -3.2 | -3.7 | -4.4 | -5.4 | -6.1 | -6.3 |
Other income, net | 1.3 | 0.9 | 0.7 | 0.3 | 0.3 | -0.1 | 0.6 | 0.7 |
Loss before provision for income taxes | -144.0 | -158.2 | -171.5 | -251.3 | -234.1 | -206.5 | -164.1 | -58.1 |
Income tax expense | | | | | | | -0.3 | 0.1 |
Net loss | -144.0 | -158.2 | -171.1 | -251.1 | -234.0 | -206.5 | -164.4 | -58.0 |
Less: net income attributable to noncontrolling interests | 0.0 | | | | | | | |
Net loss attributable to Microvast Holdings, Inc.'s shareholders | -29.6 | | | | -43.8 | | | |
|
Net loss per common share | | | | | | | | |
Basic net loss per share (in dollars per share) | ($0.48) | ($0.53) | ($0.41) | ($0.78) | ($1.03) | ($1.17) | ($1.35) | ($1.08) |
Diluted net loss per share (in dollars per share) | ($0.48) | ($0.53) | ($0.41) | ($0.78) | ($1.03) | ($1.17) | ($1.35) | ($1.08) |
|
Weighted average shares used in calculating net loss per share of common stock | | | | | | | | |
Weighted average shares used in calculating net loss per share of common stock, basic | 304.4 | 302.2 | 272.8 | 257.3 | 206.9 | 157.0 | 135.2 | 99.0 |
Weighted average shares used in calculating net loss per share of common stock, diluted | 304.4 | 302.2 | 272.8 | 257.3 | 206.9 | 157.0 | 135.2 | 99.0 |