Carbonxt Reports Surge in Revenue and Contracts
Company Announcements

Carbonxt Reports Surge in Revenue and Contracts

Carbonxt Group Ltd. (AU:CG1) has released an update.

Carbonxt Group Ltd has reported a strong June 2024 quarter, with a significant increase in customer receipts driven by major contracts, including a $4.3 million upfront sale of activated carbon pellets to Wisconsin Public Service, and a $24 million, four-year contract with Reworld Waste, LLC. The company is experiencing robust demand for its activated carbon products in the US market, and its Kentucky manufacturing facility is expected to further boost production and revenues upon its completion later in the quarter.

For further insights into AU:CG1 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskCarbonxt Group Updates Cash Flow Report Amidst Pollution Control Focus
TipRanks Australian Auto-Generated NewsdeskCarbonxt Group Reports Strong Growth Amid New Ventures
TipRanks Australian Auto-Generated NewsdeskCarbonxt Group Faces Cash Flow Challenges Amidst Strategic Investments
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App