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Carbon Revolution Public Limited Ordinary Shares - CREV STOCK NEWS

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Carbon Revolution Public Limited Ordinary Shares (symbol: CREV) represents a cutting-edge Australian technology company specializing in the manufacturing of advanced carbon fiber wheels. As a leader in lightweight wheel technology, Carbon Revolution supplies these innovative products to Original Equipment Manufacturers (OEMs) across the globe. Their clientele includes prestigious and high-performance automotive brands such as Ford, Ferrari, General Motors, Jaguar Land Rover, and Renault.

The company's core business revolves around producing carbon fiber wheels that are significantly lighter and more efficient compared to traditional aluminum wheels. These wheels are designed for luxury cars, sports vehicles, SUVs, and increasingly, electric vehicles. The reduction in weight not only enhances vehicle performance but also contributes to better fuel efficiency and compliance with stringent environmental regulations.

Recently, Carbon Revolution has achieved notable milestones, including the successful integration of their 23-inch wheels in the Range Rover Sport SV model. Automotive journalists have praised these wheels for markedly improving the vehicle's ride, handling, and noise, vibration, and harshness (NVH) levels. This innovation saves over 70kg (more than 150 lbs) in unsprung mass, significantly enhancing vehicle dynamics.

Another significant achievement is the adoption of Carbon Revolution’s wheels in the 2024 General Motors Corvette E-Ray, marking a historic collaboration in the hybrid electric segment. The E-Ray's five-spoke carbon fiber wheels reduce the vehicle's unsprung weight by 41 pounds, offering superior handling and braking performance.

Despite the significant revenue growth reported in the fiscal first half of 2024, which saw a 107% year-over-year increase to US$26.1 million, the company faces financial challenges. As of March 31, 2024, Carbon Revolution reported limited liquidity and is actively seeking additional funding sources, including negotiations for the early release of funds held in escrow and support from debt providers.

The company has earned industry-wide recognition, winning prestigious awards for their innovative contributions to the automotive sector. This recognition underscores their commitment to pushing the boundaries of automotive technology.

With ongoing projects and expanding production capabilities, Carbon Revolution is poised to continue its growth trajectory, driven by the increasing demand for its lightweight, high-performance wheels in the global automotive market.

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Carbon Revolution (Nasdaq: CREV), a leading global manufacturer of carbon fiber wheels, announced an agreement with Orion Infrastructure Capital (OIC) for the early release of an additional $5 million from the remaining $30 million in escrow. This release is part of a $110 million Structured Equity Facility. Following this release, Carbon Revolution holds approximately $6.1 million in unrestricted cash and $4.9 million in a restricted trust fund. The company is also negotiating with OIC for the release of the remaining $25 million. There is no certainty that these negotiations will result in further releases.

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Carbon Revolution plc (Nasdaq: CREV) won two prestigious awards at the 2024 Automotive News PACE ceremony for its innovation as a Tier 1 supplier of lightweight carbon fiber wheels and collaboration with General Motors. The company's carbon fiber wheels are up to 40-50% lighter than aluminum wheels and are supplied to global OEMs like GM, Ford, Ferrari, Renault, and Jaguar Land Rover.

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Carbon Revolution plc (Nasdaq: CREV) announces an agreement with Orion Infrastructure Capital for an early release of US$5 million from escrow, record revenue results for the first half of fiscal 2024, and a preliminary estimate for fiscal 3Q 2024 revenue.
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Carbon Revolution plc (Nasdaq: CREV) achieved record half-year revenue of US$26.1 million, up 107% year-over-year, with 12.8k wheels sold. Quarterly revenue in 2Q24 reached US$14.8 million, up 177% year-over-year. The company faces liquidity, prompting discussions for additional finance. Preliminary estimate for fiscal 3Q 2024 is $10 to $11 million, showing a 110% increase from the prior year.
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Carbon Revolution plc (CREV) to discuss fiscal first half 2024 results with analysts. The company reported $14.8 million in revenue for the second fiscal quarter, up 177% year-over-year.
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Carbon Revolution plc (Nasdaq: CREV) announces CEO's participation in the Emerging Growth Conference, following strong revenue growth of 177% year-over-year in Q2 and 42% for the year ended December 31, 2023.
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Carbon Revolution plc (Nasdaq: CREV) CEO to present at Webull Corporate Connect Technology Investment Webinar after exceeding revenue expectations in fiscal second quarter, showcasing a 177% year-over-year increase to US$14.8 million. Annual revenue for 2023 rose by 42% to US$40.3 million, highlighting the company's innovation and strong market demand for its carbon fiber wheels.
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Carbon Revolution plc's lightweight carbon fiber wheels on the 2024 C8 Chevrolet E-Ray win The Drive's Best Performance Car of 2023 award, cutting 41 pounds from the Corvette's weight and improving performance. The wheels reduce lap times by 1.5 seconds, enhance control, braking, and steering response, and increase EV range by 5%-10%. Carbon Revolution is poised to meet OEM demand for weight-saving efficiency technologies as the automotive industry transitions to electric power.
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Carbon Revolution plc (Nasdaq: CREV) announces participation in Sidoti Small-Cap Virtual Conference showcasing strong revenue growth and leadership in innovative carbon fiber wheels.
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Carbon Revolution plc (CREV) announces attendance at the 36th Annual ROTH Conference, showcasing impressive revenue growth and strong sales performance. The Company's Head of Investor Relations will participate in various events, highlighting its leadership in innovation and demand for lightweight carbon fiber wheels.
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FAQ

What is the current stock price of Carbon Revolution Public Ordinary Shares (CREV)?

The current stock price of Carbon Revolution Public Ordinary Shares (CREV) is $9.16 as of December 24, 2024.

What is the market cap of Carbon Revolution Public Ordinary Shares (CREV)?

The market cap of Carbon Revolution Public Ordinary Shares (CREV) is approximately 17.3M.

What does Carbon Revolution specialize in?

Carbon Revolution specializes in manufacturing advanced carbon fiber wheels for luxury, high-performance, and electric vehicles.

Who are Carbon Revolution’s main clients?

Carbon Revolution supplies wheels to major OEMs such as Ford, Ferrari, General Motors, Jaguar Land Rover, and Renault.

What recent achievements has Carbon Revolution made?

Recent achievements include integrating their wheels into the Range Rover Sport SV and the 2024 General Motors Corvette E-Ray, receiving significant industry praise.

How does Carbon Revolution’s technology benefit vehicles?

Their carbon fiber wheels reduce unsprung mass, improving fuel efficiency, ride quality, and handling compared to traditional aluminum wheels.

What financial challenges is Carbon Revolution currently facing?

As of March 31, 2024, the company has limited liquidity and is negotiating for additional funding sources to support its operations.

What awards has Carbon Revolution received?

Carbon Revolution has earned industry recognition for its innovative contributions, including prestigious global auto industry awards.

What are the future prospects for Carbon Revolution?

The company is poised for growth with expanding production capabilities and increasing demand for its lightweight, high-performance wheels.

How much did Carbon Revolution's revenue grow in the first half of fiscal 2024?

Revenue grew 107% year-over-year to US$26.1 million in the first half of fiscal 2024.

What improvements do Carbon Revolution wheels bring to electric vehicles?

Their wheels can increase the range of electric vehicles by up to 5%-10% due to their lightweight and efficient design.

What is the impact of Carbon Revolution's wheels on vehicle performance?

Their lightweight wheels improve vehicle dynamics, reduce NVH, and enhance braking and steering performance.

Carbon Revolution Public Limited Ordinary Shares

Nasdaq:CREV

CREV Rankings

CREV Stock Data

17.27M
1.52M
19.49%
5.23%
1.62%
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