Tritium DCFC Ltd (DCFCQ)

[barnyarddog]

Tritium’s rapid rise and spectacular collapse will be a lesson for Labor’s Made in Australia campaign

....In November CEO Jane Hunter said: “While we continue to build on our recently reported financial results, which include achieving record revenue and gross margin, strategic restructuring of our business is necessary to drive both profitability and shareholder value.”

However consolidation in the US and a much vaunted change programme failed to put the company on a path to becoming EBITDA positive.

Most recently it has been fighting NASDAQ to retain its listing which has failed to meet minimum price requirements.

Now it is in financial collapse.

Apr 22, 2024
https://reneweconomy.com.au/tritiums-rapid-rise-and-spectacular-collapse-will-be-a-lesson-for-labors-made-in-australia-campaign/