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Microvast Holdings, Inc. (THCB)
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| Common Size Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
| | 10-K | 10-K | 10-K | 10-K | S-1/A |
| Revenues | 100.0% | 100.0% | 100.0% | | 100.0% |
| Cost of goods sold | 95.6% | 128.1% | 84.1% | | 88.0% |
| Gross profit | 4.4% | -28.1% | 15.9% | | 12.0% |
| Sales and marketing | 7.8% | 10.1% | 12.8% | | 7.7% |
| Research and development | 21.3% | 22.6% | 15.5% | | 18.6% |
| General and administrative | 18.2% | 27.7% | 17.5% | | 19.6% |
| EBITDA | -68.0% | -112.9% | -12.1% | | -21.5% |
| Depreciation | 9.7% | 13.1% | 15.0% | | 7.0% |
| EBIT | -77.7% | -126.1% | -27.1% | | -28.5% |
| Pre-tax income | -77.3% | -135.9% | -31.3% | | -31.1% |
| Income taxes | 0.0% | 0.0% | 0.0% | | 3.7% |
| Net income | -77.4% | -135.9% | -31.3% | | -31.5% |
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