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Microvast Says For Q1 2024, Targeting A Revenue Growth Of 40%-60% YoY And Revenue Guidance Of $65M-$75M Vs $132.84M Est

Author: Benzinga Newsdesk | April 02, 2024 09:00am

Q1 2024 Outlook

For Q1 2024, the Company is targeting a revenue growth of 40% to 60% year over year and revenue guidance of $65 million to $75 million
Continued regional efficiencies and utilization increases, providing a Company gross margin target of 20% to 25%
Targeting financing solutions to complete Clarksville Phase 1A and bringing in long term domestic customer contracts
- New customer wins in APAC and EMEA that expand our presence in differentiated commercial vehicle markets as OEM product lines and segments continue to electrify

Posted In: MVST