Carbon Revolution sees Q3 revenue $10M-$11M

The Company’s third quarter fiscal 2024 preliminary revenue is expected to be in the range of $10 million to $11 million, representing a year-over-year increase of 110% at the mid-point. 3Q FY24 will be lower than 2Q FY24 as it includes a normal production shutdown period during the southern hemisphere summer holidays. As stated in December 2023, the Company expects to provide a quarterly revenue outlook during CY24. The company is no longer providing annual guidance for CY24 as majority of expected revenue growth is due to arise in the second half from the introduction of new programs and the timing and ramp rate of these new programs is outside the control of the Company.