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OIC Funds Incremental Early Release of $5 Million to Carbon Revolution

Retrieved on:

Thursday, April 11, 2024

In addition, the Company and OIC are engaging in ongoing negotiations with respect to the terms for the early release of all or a portion of the remaining US$30 million from escrow (there is no assurance that such negotiations will result in the release of any or all of those remaining funds on acceptable terms, if at all).

Key Points:

In addition, the Company and OIC are engaging in ongoing negotiations with respect to the terms for the early release of all or a portion of the remaining US$30 million from escrow (there is no assurance that such negotiations will result in the release of any or all of those remaining funds on acceptable terms, if at all).
Separately, and as announced on April 9, 2024, the Company achieved record revenue results for the first half of fiscal 2024, including record quarterly revenue of US$14.8 million in 2Q24, up 177% year-over-year.
The Company also issued a preliminary estimate for fiscal 3Q 2024 (quarter ended March 31, 2024) revenue of $10 million to $11 million, representing a year-over-year increase of 110% at the mid-point of the range.
For further details please find a link to the earnings release here .

Carbon Revolution Announces Record Revenue Results for First Half 2024

Retrieved on:

Tuesday, April 9, 2024

Carbon, Dark, Wheel, OIC, Negotiation, Range Rover, Z06, Corvette Z06, Range, Ford, OEM, Revolution, Corvette, Fiscal

GEELONG, Australia, April 09, 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 fiscal first half 2024 results for the period ending December 31, 2023 (unaudited). First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year. Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.

Key Points:

First half revenue was up 107% over the same period last year and second quarter revenue was also up 177% year over year.
Net loss for the half was US$38.2 million compared to US$19.2 million a year ago with transactions costs comprising US$12.1 million for this half.
Carbon Revolution is an early-stage growth company that is reliant on new capital until it reaches profitability and positive free cashflow.
“Carbon Revolution reported half year revenue in the fiscal first half of 2024, up 107% year-over-year to US$26.1 million, driven by increased demand from the Corvette Z06 program, and the launches of the Range Rover Sport SV and Ford Mustang Dark Horse programs” said Jake Dingle, CEO of Carbon Revolution.

Carbon Revolution Sets Date for Fiscal First Half 2024 (6-Month Period Ending December 31, 2023) Earnings Release and Conference Call

Retrieved on:

Wednesday, April 3, 2024

Carbon, Telephone, Internet, OEM

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.

Key Points:

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/ .
To listen to the conference call via the Internet, please go to the Events tab on the Investors page of Carbon Revolution’s website.
To listen to the conference call via telephone, please call (877) 407-9716 (domestic) or (201) 493-6779 (international).

Carbon Revolution to Present at Emerging Growth Conference on Thursday, April 4, 2024

Retrieved on:

Wednesday, March 27, 2024

Carbon, Conference, OEM, Growth

This live, interactive online event will give shareholders and the investment community the opportunity to interact with the Company’s CEO in real time.

Key Points:

This live, interactive online event will give shareholders and the investment community the opportunity to interact with the Company’s CEO in real time.
If attendees cannot join the event live, an archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube channel .
This strong sales performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.
Conference attendees who would like to schedule a follow up 1-on-1 should email Carbon Revolution’s Head of Investor Relations, [email protected] .

Carbon Revolution to Present at Webull Corporate Connect Technology Investment Webinar on March 27, 2024

Retrieved on:

Friday, March 22, 2024

Carbon, OEM

GEELONG, Australia, March 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, is pleased to announce that its CEO, Jake Dingle, is scheduled to present at the Webull Corporate Connect Technology Investment Webinar on March 27, 2024.

Key Points:

GEELONG, Australia, March 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, is pleased to announce that its CEO, Jake Dingle, is scheduled to present at the Webull Corporate Connect Technology Investment Webinar on March 27, 2024.
Mr. Dingle will present on Wednesday, March 27, 2024, at US 3:00 PM ET/US 12:00 PM PT.
This event follows the Company's preliminary fiscal second-quarter results, which exceeded its prior outlook, with revenue up 177% year-over-year to US$14.8 million1.
This strong sales performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.

Corvette E-Ray with Carbon Revolution Wheels Wins The Drive’s Best Performance Car of 2023 Award

Retrieved on:

Wednesday, March 20, 2024

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.

Key Points:

The 2024 E-Ray marks the first time a General Motors hybrid electric product has used Carbon Revolution’s class-leading carbon fiber wheels.
“The General Motors Corvette Z06 and ZR1 have been some of Carbon Revolution’s most successful high-volume programs.
We expect that given the recent performance awards for the E-Ray, this program will continue the trend of success,” said Jake Dingle, CEO of Carbon Revolution.
The E-Ray’s optional five-spoke carbon fiber wheels, made by Carbon Revolution, cut 41 pounds from the Corvette’s unsprung, rotational curb weight compared with the forged aluminum option.

Carbon Revolution to Attend Sidoti Small-Cap Virtual Conference on March 13-14, 2024

Retrieved on:

Friday, March 8, 2024

Carbon, OEM, Capital, Conference, Commercial, Sidoti, Cryptocurrency

Management will present on Wednesday, March 13, 2024, at 4:00 PM ET/ 1:00 PM PT and host virtual one-on-one meetings on both days.

Key Points:

Management will present on Wednesday, March 13, 2024, at 4:00 PM ET/ 1:00 PM PT and host virtual one-on-one meetings on both days.
Daniel Zlotnitsky, Carbon Revolution’s Head of Investor Relations, will follow with an additional presentation.
The March Small-Cap Virtual Conference is one of Sidoti’s longest-running annual events and is the most well-attended.
This strong sales performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.

Carbon Revolution to Attend 36th Annual ROTH Conference from March 17-19, 2024

Retrieved on:

Wednesday, March 6, 2024

Carbon, OEM, Conference, Q&A, Annual

GEELONG, Australia, March 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, is pleased to announce it will attend the 36th Annual ROTH Conference from March 17-19, 2024.

Key Points:

GEELONG, Australia, March 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, is pleased to announce it will attend the 36th Annual ROTH Conference from March 17-19, 2024.
Carbon Revolution’s Head of Investor Relations, Daniel Zlotnitsky, will be attending this in-person event at The Ritz-Carlton Laguna Niguel in Dana Point, California.
The Annual ROTH Conference, one of the largest in the nation for small-cap companies, combines company presentations, Q&A sessions and management 1-on-1 meetings.
This strong sales performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.

Carbon Revolution To Present At The Emerging Growth Conference On Wednesday, March 6, 2024

Retrieved on:

Tuesday, March 5, 2024

Carbon, Commercial director, OEM, Conference, Growth

Mr. Buckle and Mr. Batchelor will give a presentation and then open the floor for questions.

Key Points:

Mr. Buckle and Mr. Batchelor will give a presentation and then open the floor for questions.
If attendees cannot join the event live, an archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube channel .
This strong operating performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.
The Company’s most recent (Feb 29, 2024) investor presentation can be found here .

Carbon Revolution to Participate in the Baird 2024 Vehicle, Technology & Mobility Conference

Retrieved on:

Thursday, February 29, 2024

Carbon, Commercial, OEM, Conference

GEELONG, Australia, Feb. 29, 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, announced that CFO Gerard Buckle and Commercial Director Nick Batchelor will be presenting at the Baird 2024 Vehicle, Technology & Mobility Conference today at 4:35 pm ET.

Key Points:

GEELONG, Australia, Feb. 29, 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, announced that CFO Gerard Buckle and Commercial Director Nick Batchelor will be presenting at the Baird 2024 Vehicle, Technology & Mobility Conference today at 4:35 pm ET.
To view a copy of this presentation, please click here .
This presentation follows the Company's preliminary fiscal second-quarter results, which exceeded its prior outlook, with revenue up 177% year-over-year to US$14.8 million1.
This strong operating performance underscores the Company’s leadership in innovation and the growing demand for Carbon Revolution’s pioneering lightweight carbon fiber wheels.