Sunrise New Energy, a Leading EV Battery Material Manufacturer, Preannounces 86% Revenue Growth for 1st Half of 2022 and Issues Guidance
Additionally, the Company issued guidance for the 2nd half of 2022 for revenues of $30 million, which would be greater than 1,400% growth over the 2nd half of 2021 and 197% growth sequentially.
- Additionally, the Company issued guidance for the 2nd half of 2022 for revenues of $30 million, which would be greater than 1,400% growth over the 2nd half of 2021 and 197% growth sequentially.
- Sunrises growth is being driven by the performance of its joint-venture lithium battery graphite anode manufacturing business with the plant located in Guizhou Province, China.
- Sunrise will report a loss of $5.8 million for the 1st half of 2022, which includes non-cash charges of roughly $3 million, as compared to a loss of $1.4 million for the 1st half 2021.
- This gives us confidence that we will meet this newly issued guidance for the 2nd half of 2022.