Microvast Holdings, Inc. (MVST) stock gained in the pre-market after the company announced the revenue guidance for fiscal 2021. MVST values at $6.51, gaining more than 6% from the previously closed value. Microvast Holdings, Inc. (MVST) stock closed at $6.13 at the end of the previously closed session. The stock volume traded in the last trading session was around 1.18 million shares.

MVST revenue guidance 2021

It has been confirmed today by Microvast Holdings, Inc. (MVST) that its sales performance for the fiscal year ending December 31, 2021, would be within the earlier disclosed guidance of $145-$155 million. It marks a 42 percent increase over the previous fiscal year, which ended on December 30, 2020, at $108 million.

They are thrilled to end out 2021 with an outstanding sales achievement in the fourth quarter and a solid backlog going into 2022. Amid the backdrop of a challenging year, they are encouraged by their accomplishments and their ability to expand top-line sales. They are looking forward to building on this great energy into 2022 as they embark on our electrification mission together.

Immediately following the close of the market on Tuesday, March 29, 2022, the Company will release a press release announcing its combined financial results for the fourth quarter and full fiscal year ended December 31, 2021.

The effect on the MVST stock

MVST announced some positive performance for the fiscal year 2021. Investors responded positively to the news due to the significant increase in revenue. The revenue has gained significantly as compared to fiscal 2021. The stock is doing well in the volatile trading session as most traders prefer to trade in the regular trading session.

Conclusion

Microvast Holdings, Inc. (MVST) will announce its results for the fourth quarter and fiscal 2021 in March 2022. Its stock may go upward due to its excellent performance in fiscal 2021.