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Carbon Revolution Plunges 12.24% Despite Record Revenue
Generated by AI AgentAinvest Movers Radar
Friday, May 16, 2025 4:35 am ET1min read
Carbon Revolution's stock price plummeted 12.24% in pre-market trading on May 16, 2025, marking a significant decline for the company.
Carbon Revolution, a technology company and original equipment manufacturer (OEM) supplier, has made substantial progress in the automotive industry by commercializing and industrializing the supply of lightweight carbon fiber wheels. The company's focus on creating advanced technology that supplies lightweight wheel technology to automotive manufacturers around the world has led to unparalleled improvements in performance, efficiency, and handling.
Despite the recent drop in stock price,
reported record financial results for fiscal 2024, with revenue reaching US$47.3 million, marking an 87% increase year-over-year. This significant growth in revenue is a testament to the company's success in the automotive industry and its ability to meet the demands of high-performance, premium, and luxury segments.
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