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#ASX Announcements
Added a week ago

Q4 FY20 Highlights (unaudited)

•Carbon Revolution has been nominated for two new wheel programs with an existing customer (“OEM”) and is working with a new OEM on the engineering and development ofa new program

•Revenue for the quarter was $8.1m, a 47% increase from Q4 FY19. This revenue excluded $4.5m for deliveries still in transit

•Moulding volumes remained strong with 7,428 wheels moulded in the quarter, an annualised rate of 30,000 moulded wheels

•New “fascia”technology (addressing finished wheel aesthetic quality) is progressing well, with approval for the first customer program on track for Q1 FY21

•The business continues to invest strongly in research and development with $6.8m invested in Q4

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For Full announcement see

https://www.asx.com.au/asx/share-price-research/company/CBR

 

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