Carbon Revolution Announces Record Revenue Results for First Half 2024

April 9, 2024

https://www.globenewswire.com/news-release/2024/04/09/2859892/0/en/Carbon-Revolution-Announces-Record-Revenue-Results-for-First-Half-2024.html

– Achieved Record Half Year Revenue of US$26.1 million, up 107% year-over-year
– Half Year Sales of 12.8k Wheels, More Than Doubling Volumes Compared to the Prior Year
– Achieved Record Quarterly Revenue of US$14.8 million in 2Q24, up 177% year-over-year
– Limited liquidity as of 31 March 2024, requires additional finance; discussion with OIC for potential early release of Escrow funds is ongoing
– Issues Preliminary Estimate for Fiscal 3Q 2024 (Quarter Ended March 31, 2024) of $10 to $11 Million, Up 110% Year-Over-Year at the Mid-Point of the Range

Read more at globenewswire.com

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