Tritium Announces Record Preliminary Year-To-Date Results and Increases CY2023 Guidance
BRISBANE, Australia, May 11, 2023 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), today provided an update on the business.
- Secured a $40 million capital investment from St Baker and O-Corp, two existing and longstanding Tritium investors, to continue the advancement of the Company’s business plan.
- Given strong production, revenues, and performance in the calendar year-to-date, the Company is increasing its revenue guidance to a range of $210 million to $225 million.
- The Company confirms its previously announced expectation to become EBITDA* positive during the first half of calendar year 2024.
- In March 2023, Tritium began accepting orders for the Company’s first product offering for the NEVI program.