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Stock impact report

Carbon Revolution Announces Preliminary Fiscal Second Quarter Results

Carbon Revolution Public Limited Company (CREV) 
Company Research Source: GlobeNewswire
GEELONG, Australia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (Nasdaq: CREV) (the “Company”), a Tier 1 OEM supplier and the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, today announced preliminary financial results for the fiscal second quarter of 2024. “Carbon Revolution delivered another quarterly revenue record in the fiscal second quarter of 2024, up 177% year-over-year to US$14.8 million1. This was driven by our program wins continuing to move into production and growth of existing programs. Looking ahead, we expect that strength to continue. Commercial momentum continues to be very strong, and we are continuing to expand capacity to support customer demand,” said Jake Dingle, CEO of Carbon Revolution. For the year ended December 31, 2023, revenue increased 42% to US$40.3 million. About Carbon Revolution plc Carbon Revolution plc (Nasdaq: CREV) is the parent of Carbon Revolution Limited, an Australian technolog Show less Read more
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