Carbon Revolution CBR.ASX One to watch?

[Drew95]

Down 60% in 2021, but has just released a very good quarterly update.

"Quarterly revenue was $11.4m, an 82.6% increase on Q1 FY22. Revenue was primarily fromwheel sales ($11.4m). 4,397 wheels were sold in the quarter, a 109.4% increase on Q1 FY22.The lower average price per wheel for the quarter reflected a change in product mix."

http://research.iress.com.au/IDS/old/20220128/02479692.pdf?uid=D350891F30FCFC0D6B9380FAA54AB63D7 F420000BAE7BF4230C6E540093D250091850000&ppv=

DISC: Accumulating

[Azza]

This seems like a very limited market. What's thier main customer base?

[Azza]

Looks like a solid option for EVs in the future (reduction of unsprung mass makes for a huge efficiency gain) but I would think that these wheels wouldn't be cost effective for a cheap mass produced vehicle yet unless they have come up with better manufacturing methods than what I've know composite companies to use for parts like this. In saying that high performance EVs would fit that picture better.