Carbon Revolution Limited
– 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 Jake Dingle, CEO of Carbon Revolution.
“In less than a year, we have increased our awarded programs to eighteen2 with six global OEMs. We continue to make…
