Microvast Holdings is trading 5.5% up at $0.97 as investors continue reacting to its August 10 second-quarter results.
- Q2 revenue fell 4.5% to $87.3 million, below estimates
- Gross margin compressed to 29.5% from 34.7% year over year; adjusted EBITDA declined to $3.6 million from $25.9 million
- European revenue growth and an improved net loss may be supporting the rebound