Carbon Revolution Public Limited Company Stock Price, News & Analysis

Carbon Revolution (Nasdaq: CREV) secured US$5.0 million today from Orion Infrastructure Capital as part of an up to US$7.0 million facility, with the remaining US$2.0 million subject to agreement and release no earlier than March 31, 2026. The funding included issuance of additional senior secured notes and penny warrants equal to 5.0% of shares outstanding. Interest PIK and principal repayment deferrals were agreed until July 2026 and January 2027, respectively.

The company also reported the early cancellation of two EV wheel programs, revised downward revenue forecasts, potential need for additional short-term funding, and ongoing Nasdaq compliance issues with a possible relief window to November 26, 2025.

Carbon Revolution (NASDAQ:CREV), a leading manufacturer of carbon fiber wheels, has secured the final $5 million release from Orion Infrastructure Capital (OIC), completing the full disbursement of their $25 million facility announced in December 2024. Additionally, existing noteholders from the $60 million PIUS loan have released the final $400,000 in reserves.

The company will issue penny warrants to OIC and existing noteholders representing 5% of outstanding shares. However, CREV has revised revenue forecasts downward due to declining wheel orders and expects to need additional funding within the next quarter due to revenue forecast reductions and delayed customer payments.

Carbon Revolution (NASDAQ:CREV), a leading manufacturer of automotive carbon fiber wheels, has received a non-compliance notice from Nasdaq for failing to file its interim financial information for the six-month period ended December 31, 2024 on Form 6-K.

The company has 60 calendar days to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant an extension of up to 180 calendar days until December 29, 2025, to regain compliance. Currently, the notice does not affect CREV's listing or trading status on Nasdaq.

Carbon Revolution (CREV), a global manufacturer of lightweight carbon fiber wheels, has received a non-compliance notice from Nasdaq due to failing to meet the minimum stockholders' equity requirement of $10 million for continued listing on the Nasdaq Global Select Market. The notice is based on the company's annual report for fiscal year 2024. CREV has 45 days to submit a compliance plan, and if accepted, could receive up to 180 days (until November 26, 2025) to regain compliance. The notice does not immediately affect the trading of CREV's shares or warrants. If Nasdaq rejects the compliance plan, the company can appeal to a Nasdaq hearings panel.

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 (CREV) has secured additional funding through two sources: a US$5 million release from Orion Infrastructure Capital (OIC), bringing the total released to $20 million of their $25 million facility, and a US$400,000 release from existing PIUS loan noteholders, totaling $1.6 million in released reserves. The company will issue penny warrants to both OIC and Existing Noteholders, representing 5.0% of outstanding shares. Both lenders may accept partial payment in kind for interest payments. The funding aims to support liquidity and meet OEM customer demand, with several new programs entering production. CREV is working to file its Annual Report to regain Nasdaq compliance.

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.