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Carbon Revolution Public Limited Ordinary Shares - $CREV STOCK NEWS

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Carbon Revolution plc (Nasdaq: CREV) won two prestigious awards at the 2024 Automotive News PACE ceremony for its innovation as a Tier 1 supplier of lightweight carbon fiber wheels and collaboration with General Motors. The company's carbon fiber wheels are up to 40-50% lighter than aluminum wheels and are supplied to global OEMs like GM, Ford, Ferrari, Renault, and Jaguar Land Rover.

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Carbon Revolution plc (Nasdaq: CREV) announces an agreement with Orion Infrastructure Capital for an early release of US$5 million from escrow, record revenue results for the first half of fiscal 2024, and a preliminary estimate for fiscal 3Q 2024 revenue.
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6.91%
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Carbon Revolution plc (Nasdaq: CREV) achieved record half-year revenue of US$26.1 million, up 107% year-over-year, with 12.8k wheels sold. Quarterly revenue in 2Q24 reached US$14.8 million, up 177% year-over-year. The company faces liquidity, prompting discussions for additional finance. Preliminary estimate for fiscal 3Q 2024 is $10 to $11 million, showing a 110% increase from the prior year.
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-12.48%
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Carbon Revolution plc (CREV) to discuss fiscal first half 2024 results with analysts. The company reported $14.8 million in revenue for the second fiscal quarter, up 177% year-over-year.
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-0.66%
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Carbon Revolution plc (Nasdaq: CREV) announces CEO's participation in the Emerging Growth Conference, following strong revenue growth of 177% year-over-year in Q2 and 42% for the year ended December 31, 2023.
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-8.83%
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Carbon Revolution plc (Nasdaq: CREV) CEO to present at Webull Corporate Connect Technology Investment Webinar after exceeding revenue expectations in fiscal second quarter, showcasing a 177% year-over-year increase to US$14.8 million. Annual revenue for 2023 rose by 42% to US$40.3 million, highlighting the company's innovation and strong market demand for its carbon fiber wheels.
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3.91%
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Carbon Revolution plc's lightweight carbon fiber wheels on the 2024 C8 Chevrolet E-Ray win The Drive's Best Performance Car of 2023 award, cutting 41 pounds from the Corvette's weight and improving performance. The wheels reduce lap times by 1.5 seconds, enhance control, braking, and steering response, and increase EV range by 5%-10%. Carbon Revolution is poised to meet OEM demand for weight-saving efficiency technologies as the automotive industry transitions to electric power.
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-4.76%
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Carbon Revolution plc (Nasdaq: CREV) announces participation in Sidoti Small-Cap Virtual Conference showcasing strong revenue growth and leadership in innovative carbon fiber wheels.
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-5.91%
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Carbon Revolution plc (CREV) announces attendance at the 36th Annual ROTH Conference, showcasing impressive revenue growth and strong sales performance. The Company's Head of Investor Relations will participate in various events, highlighting its leadership in innovation and demand for lightweight carbon fiber wheels.
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31.9%
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Rhea-AI Summary
Carbon Revolution plc (Nasdaq: CREV) has been invited to present at the Emerging Growth Conference, showcasing its strong fiscal second-quarter results with revenue up 177% year-over-year to US$14.8 million. The company's revenue for the year ended December 31, 2023, increased by 42% to US$40.3 million, highlighting its leadership in innovation and the growing demand for its lightweight carbon fiber wheels.
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3.65%
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Carbon Revolution Public Limited Ordinary Shares

Nasdaq:CREV

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23.21M
15.91M
19.49%
3.46%
0.21%
Auto Parts
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