DCFC - Tritium DCFC up 4% on prelim Q1 numberrs

2023-05-11 07:41:25 ET

Tritium DCFC ( NASDAQ: DCFC ) gives prelim Q1 numbers , expects record revenue of $57M between January 1, 2023 and April 30, 2023, a Y/Y growth rate of 237%.

The company set a new production record with ~3,200 units, nearly achieving the company’s total production of 3,572 units for calendar year 2022 in the first four months of calendar year 2023.

The company secured a $40M capital investment from St Baker and O-Corp, two existing and longstanding Tritium investors, to continue the advancement of the company’s business plan.

Order backlogof ~$153M at April 30, 2023, driven by continued strong orders in the calendar year-to-date period, compared to $120M during last year.

Sales orders amounted to $49M vs. 64M prior year.

The stock price has reacted on news and moved 4% higher during pre-market.

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