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Carbonxt Group Ltd. ( (AU:CG1) ) has provided an announcement.
Carbonxt Group Ltd has reported significant progress in its March 2025 Quarterly Activities Report, highlighting the commissioning of its Kentucky activated carbon facility, which is expected to enhance revenue and margins once operational. The company successfully raised $2.5 million through a share purchase plan and convertible notes to support this investment. Additionally, restructuring the lease at its Black Birch facility has reduced fixed costs by over 50%, improving cash flow. The company experienced a rebound in activated carbon pellet sales and strong powdered activated carbon sales, driven by regulatory demands and new contracts. Financially, Carbonxt saw a 49.8% increase in total revenue for the quarter and improved gross margins, positioning it for stronger growth in FY26.
More about Carbonxt Group Ltd.
Carbonxt Group Ltd is a cleantech company focused on developing and manufacturing environmental technologies to meet air and water emission standards and remove pollutants. Primarily operating in the United States, the company emphasizes research and development and produces activated carbon pellets and powdered activated carbon for various industrial applications.
YTD Price Performance: -21.43%
Average Trading Volume: 191,871
Technical Sentiment Signal: Buy
Current Market Cap: A$23.03M
See more insights into CG1 stock on TipRanks’ Stock Analysis page.