Carbon Revolution Announces Preliminary Fiscal Q2 Results; Q2 Revenue Of $14.8M Up 177% YoY; For The Year Ended December 31, 2023, Revenue Increased 42% To $40.3M

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.