Carbon Revolution reports 1H EPS ($15.57) vs. (9c) last year

Reports revenue $26.1M vs. $12.6M last year. “Carbon Revolution reported half year revenue in the fiscal first half of 2024, up 107% year-over-year to $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. “We expect revenue to continue to grow in the second half with the planned launch of several new programs. With this commercial momentum, our planned Australian capacity is approaching being fully committed including new capacity from our Mega-line expansion. We remain excited about the opportunities that lie ahead, including the benefits unlocked from our operational excellence initiatives and our ability to drive fixed cost leverage as volumes ramp.”