Carbon Revolution Announces Wheel Production More Than Tripled In Q4 And Rose 84% In 2H vs 1H
$CREV
Auto Parts:O.E.M.
Consumer Discretionary
Carbon Revolution Announces Wheel Production More Than Tripled In Q4 And Rose 84% In 2H vs 1H
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/28/2023 | $84.00 | Buy | Craig Hallum |
- 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 GEELONG, Australia, April 09, 2024 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV) (the "Company"), a Tier 1 OEM supplier and t
GEELONG, Australia, April 03, 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, plans to conduct a conference call with analysts to discuss its fiscal first half 2024 results and business outlook on April 9, 2024 at 8:00 a.m. Eastern time. Before the open of the market on April 9 and prior to the conference call, the Company will issue a copy of the earnings press release via GlobeNewswire. The press release may also be viewed on the Investor Relations section of the Company's website at https://investors.carbonrev.com/. The Company
– Issues Outlook For Fiscal Second Quarter Revenue –– Conference Call and Investor Presentation Available on IR Site – GEELONG, Australia, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Carbon Revolution plc (NASDAQ:CREV)" (the "Company") a Tier 1 OEM supplier and a leading global manufacturer of lightweight advanced technology carbon fiber wheels, today provided a business update. "Carbon Revolution delivered record revenue in the fiscal first quarter of 2024, up 56% year-over-year to US$11.3 million1, as program wins have moved into production, and we expect that strength to continue. Our commercial momentum is extremely strong, with five program wins in 2023 more than doubling our backlog," said J
GEELONG, Australia, Nov. 22, 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 that the Company has received a notification letter (the "Letter") from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024 (the "Annual Report"). The Letter has no immediate effect on the listing or trading of the Compan
GEELONG, Australia, Nov. 05, 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 that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, all US$35 million has now been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will be used to fund operations and investments in capacity in the near term. Th
GEELONG, Australia, Sept. 06, 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 that OIC has released an incremental US$5 million of the escrowed US$35 million facility, of which, as a result of this most recent release, $30 million has been released. In connection with the release the Company issued to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. Proceeds from the OIC investment will continue to fund the Company as it works to satisfy the growing demand from Carbon Revolu
Craig Hallum initiated coverage of Carbon Revolution with a rating of Buy and set a new price target of $84.00
6-K - Carbon Revolution Public Ltd Co (0001960208) (Filer)
6-K - Carbon Revolution Public Ltd Co (0001960208) (Filer)
NT 20-F - Carbon Revolution Public Ltd Co (0001960208) (Filer)
GEELONG, Australia, June 04, 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, is proud to announce the appointment of Alia Comai as Chief Revenue Officer, to lead the Company's sales organization and continue developing global strategic partnerships. Comai brings over 25 years of extensive experience in the automotive sector, where she has held several pivotal leadership roles across product development, manufacturing, international business operations, program management, quality and sales. "Alia will take the lead in driving t
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