Reports Q2 revenue $78.0M, consensus $72.53M. “In the first half of the year, we focused on streamlining and simplifying our organization to enhance our cost structure, improve profitability, and strengthen resilience. We also restructured the company to operate with minimal capital expenditure requirements,” commented Don Young, CEO. “The leverage from these initiatives is clearly reflected in our second-half outlook, which projects a significantly higher Adjusted EBITDA on revenue levels consistent with the first half. Given the regulatory headwinds facing the EV market-particularly in the U.S.-and the broader volatility in the global energy sector, we’ve built our teams and operating framework to support a resilient, growth-oriented, and profitable business”.
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