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Microvast Holdings, Inc. (THCB)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsMar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Revenues  214.8204.5206.5204.7173.7152.085.248.3
Cost of revenues  -200.9-195.4-198.5-234.6-215.2-194.7-168.5-122.8
    Gross profit  13.99.18.0-29.9-41.5-42.7-35.24.4
   
Operating expenses:          
General and administrative expenses  98.9104.6116.8151.3123.2101.674.021.7
Research and development expenses  43.143.544.246.341.934.427.318.4
Selling and marketing expenses  16.515.913.016.115.315.418.514.6
Total operating expenses  163.5170.7185.6224.0189.3157.4119.854.6
Subsidy income  1.61.74.74.74.36.14.94.3
    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  4.23.21.71.00.70.40.40.3
Interest expense  -3.0-3.3-3.2-3.7-4.4-5.4-6.1-6.3
Other income, net  1.30.90.70.30.3-0.10.60.7
    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        -0.30.1
    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  304.4302.2272.8257.3206.9157.0135.299.0
Weighted average shares used in calculating net loss per share of common stock, diluted  304.4302.2272.8257.3206.9157.0135.299.0

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