Carbon Revolution Public Limited Company Stock Price, News & Analysis

Carbon Revolution (CREV) reported record financial results for fiscal 2024, with revenue reaching US$47.3 million, marking an 87% increase year-over-year. The growth was primarily driven by full production of the Range Rover Sport SV program and increased shipments for the Corvette Z06/E-Ray program.

However, the company posted a significant loss after income tax of US$146.4 million, compared to US$52.5 million in the previous year, including US$20.9 million in transaction costs and a US$68.0 million asset impairment charge. The company completed initial commissioning of its Mega-line, strengthened leadership with key appointments including Donald Hampton, Jr. as CEO, and launched programs with prestigious automotive brands like Chevrolet Corvette ZR1 and Lamborghini Temerario.

Carbon Revolution (Nasdaq: CREV), a Tier 1 automotive supplier and leading manufacturer of lightweight carbon fiber wheels, has scheduled its fiscal 2024 earnings conference call for May 15, 2025, at 8:00 A.M. Eastern time. The company will release its earnings report after market close on May 14 via Globe Newswire.

Investors can access the conference call through the company's website or by calling (877) 407-9716 (domestic) or (201) 493-6779 (international). A replay will be available from 3:00 PM ET on May 15 until 11:59 PM ET on May 29, 2025, through the company's website or by calling (844) 512-2921 (US) or (412) 317-6671 (international) with Access ID: 13753730.

Carbon Revolution (Nasdaq: CREV), the leading manufacturer of lightweight carbon fiber wheels, has appointed Donnie Hampton, Jr. as Acting Chief Executive Officer and Board member. Hampton brings over 30 years of experience in Tier 1 automotive supply, including leadership roles at Maxion Wheels, Pace Industries, and Faurecia.

Hampton, who will relocate to Australia, succeeds Jake Dingle in leading the company's operations at its Geelong plant. His appointment comes at a important time as Carbon Revolution focuses on full industrialization and global expansion. Board Chairman Bob Lutz emphasized Hampton's extensive experience in global manufacturing operations, particularly in the wheels sector.

The leadership transition marks Carbon Revolution's evolution from an R&D-focused startup to a premier global supplier of carbon fiber wheels to the automotive industry. The company aims to leverage Hampton's expertise to enhance operational excellence, pursue new opportunities with existing customers, and expand its customer base.

Carbon Revolution (CREV) has secured an additional US$5 million release from Orion Infrastructure Capital (OIC), bringing the total released amount to $15 million of the previously announced US$25 million facility. Additionally, Existing Noteholders have released US$400,000 from loan reserves, totaling US$1.2 million of the agreed US$2 million release.

As part of this funding arrangement, CREV will issue penny warrants to OIC and Existing Noteholders, representing 5.0% of the company's outstanding shares. Both lenders may agree to receive partial interest payments in kind rather than cash. This combined US$27 million funding package aims to support business liquidity and meet OEM customer demand, particularly for new programs entering production.

The company notes there are no guarantees of meeting conditions for the remaining US$10 million facility release and continues working to file its Annual Report to regain Nasdaq compliance.

Carbon Revolution (CREV), the leading global manufacturer of lightweight advanced technology automotive carbon fiber wheels, has received an extension from Nasdaq regarding its listing compliance. The stock exchange has granted CREV until May 14, 2025 to file its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. During this exception period, CREV's securities will continue to be listed and traded on Nasdaq. The company must file the required report by the deadline to maintain its listing, provided it remains compliant with other Nasdaq listing rules.

Carbon Revolution (CREV) has secured an additional US$5 million release from Orion Infrastructure Capital (OIC), representing the second tranche of the previously announced US$25 million facility. Additionally, Existing Noteholders have released US$400,000 from loan reserves, bringing total reserve releases to US$800,000 of the agreed US$2 million.

As part of this funding arrangement, CREV will issue penny warrants to OIC and Existing Noteholders, representing 5.0% of outstanding shares. Both lenders may agree to accept partial interest payments in kind rather than cash. The combined US$27 million funding package aims to support business liquidity and fund customer demand satisfaction. The company is investing in capacity expansion with several new programs entering production soon.

Carbon Revolution (CREV) has secured a new US$25 million financing agreement with Orion Infrastructure Capital (OIC), to be released in five US$5 million tranches. Each tranche release includes penny warrants for OIC and existing noteholders, representing 5% of outstanding shares. Additionally, existing noteholders agreed to release US$2 million of loan reserves in five US$400,000 tranches.

The combined US$27 million funding package includes provisions for partial payment in kind for certain interest payments. The first tranche closed on December 20, 2024. The funding aims to support business liquidity and satisfy OEM customer demand as the company invests in capacity expansion and prepares for new production programs.

Carbon Revolution (CREV) has received a non-compliance notification from Nasdaq due to delayed filing of its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. The company has until January 21, 2025, to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension until May 14, 2025. The notification does not immediately affect the listing or trading of the company's ordinary shares or warrants. If Nasdaq rejects the plan, Carbon Revolution can appeal to a Nasdaq hearings panel.