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.
Shares of VirTra, Inc. (NASDAQ: VTSI) rose sharply in today’s pre-market trading after the company reported better-than-expected fourth-quarter results.
Microvast's fourth-quarter revenue increased 61.4% year-over-year to $104.58 million, which beat the consensus estimate of $94.43 million. The lithium-ion battery company reported an adjusted loss of 4 cents per share, which beat estimates for a loss of 7 cents per share.
Companies Reporting Before The Bell
• Mach Natural Resources (NYSE:MNR) is projected to report quarterly earnings at $0.92 per share on revenue of $213.43 million.