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AmpUp and Tritium Launch Innovative Fast-Charging Station Upgrade Program
Prnewswire· 2025-01-15 16:32
Collaboration Overview - AmpUp, a leading EV charging solutions provider, collaborates with Tritium to modernize and enhance DC fast-charging infrastructure across North America [1] - The program simplifies the process for existing Tritium RT50 owners to join the AmpUp charging network and gain access to various upgrade options [1] Program Phases - **Phase One**: Focuses on integrating existing Tritium stations into the AmpUp network, designed to be hassle-free for site hosts and owners [2] - **Phase Two**: Offers an upgrade opportunity for existing RT50 owners to trade in their RT50 for a new 50kW DC fast charger with enhanced capabilities [2] Enhanced Charging Capabilities - **Dual Charging**: Allows powering two EVs simultaneously, doubling charging capacity [5] - **Universal Compatibility**: CCS and NACS cords enable charging virtually any EV on the market [5] - **Robust Warranty**: Includes a 3-year parts warranty [5] - **Scalable Power**: Upgradeable to 75kW for future-proofed performance [5] - **Sustainable Practices**: Ensures responsible recycling of the RT50, minimizing environmental impact [5] - **Simple Installation**: The new RTM charger seamlessly fits on the existing RT50 pad, minimizing disruption [5] Company Statements - AmpUp's CEO, Tom Sun, emphasizes the company's commitment to simplifying the EV charging experience and empowering Tritium owners to unlock the full potential of their charging infrastructure [3] - Tritium's VP of global marketing and communications, Dimitrios Papadogonas, highlights the importance of collaboration with AmpUp to advance the EV charging ecosystem and ensure reliable service for EV drivers [3] Additional Resources - Full details of the Tritium Revamp program are available at https://tritiumcharging.com/tritium-revamp/ [4] - AmpUp has powered over 1,500 charging networks across 75 North American markets since its founding in 2018 [4] - Tritium, founded in 2001, designs and manufactures advanced and reliable DC fast chargers for electric vehicles, focusing on continuous innovation [5][6] Network Integration Process - Owners need to provide their Tritium charger's serial number and written approval for transfer, with AmpUp assisting in locating the serial number [5] - AmpUp handles the station transfer to the network free of charge [5] - Owners receive selection options for their preferred cloud service [5] - A minor cost may apply for labor associated with replacing the Tritium SIM card with an AmpUp-compatible one, if necessary [5]
Tritium Receives Nasdaq Staff Determination Letter
Newsfilter· 2024-04-11 07:00
BRISBANE, Australia, April 11, 2024 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (NASDAQ:DCFC) ("Tritium" or the "Company"), a global developer and manufacturer of direct current ("DC") fast chargers for electric vehicles ("EVs"), today announced that on April 5, 2024 the Company received a notice from the Nasdaq Stock Market LLC ("Nasdaq") that the Company does not currently meet the minimum 1,100,000 publicly held shares required for continued listing on Nasdaq pursuant to Nasdaq Listing Rule 5450(b)(1)(B) (t ...
Tritium Receives Nasdaq Delisting Determination
Newsfilter· 2024-03-21 11:00
BRISBANE, Australia, March 21, 2024 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (NASDAQ:DCFC) ("Tritium" or the "Company"), a global developer and manufacturer of direct current ("DC") fast chargers for electric vehicles ("EVs"), today announced that on March 15, 2024 the Company received a delisting determination notice (the "Delisting Notice") from the Nasdaq Stock Market LLC ("Nasdaq"). As previously reported, on October 12, 2023 the Company received an initial notice ("the Deficiency Notice") from Nasdaq i ...
Tritium Customers Win Largest Share of Round 1 Tennessee NEVI Program
Newsfilter· 2024-02-05 09:00
LEBANON, Tenn., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Tritium DCFC Limited (Tritium) (NASDAQ:DCFC), a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that the company was the top-awarded fast charger manufacturer for the first round of the State of Tennessee's National Electric Vehicle Infrastructure (NEVI) Formula Program. The Tennessee Department of Transportation (TDOT) and the Tennessee Department of Environment and Conservation (TDEC) awarded a total of over ...
Tritium DCFC (DCFC) - 2023 Q4 - Earnings Call Transcript
2023-09-22 17:25
Thomas Curran Great. And then IÂ'll just squeeze in one follow-up. Given the changes occurring in the nature of how your customers are placing their orders, that weÂ've discussed over the course of the call, Chris kind of described it as a shift from more of a backlog to a flow-driven model. Entering calendar 2024, how much of – what will be your calendar 2024 revenue guidance, would you expect to then be covered by backlog exiting calendar '23? Jane Hunter Thomas Curran Yes. Just as you exit calendar '23, ...
Tritium DCFC (DCFC) - 2023 Q4 - Annual Report
2023-09-20 16:00
Revenue Growth - The company achieved record revenue of $112 million for the first half of 2023, an increase of over 286% compared to $29 million in the first half of 2022[4]. - For the fiscal year ended June 30, 2023, the company reported revenue of $185 million, representing a year-over-year growth of over 115% from $86 million in the previous fiscal year[5]. - Total revenue for the year ended June 30, 2023, was $184.544 million, a significant increase of 115% compared to $85.821 million in 2022[23]. - Hardware revenue from external parties reached $167.965 million, up 143% from $69.243 million in the previous year[23]. Gross Margin and Loss - The gross margin for the first half of 2023 was reported at 4%, a nearly 2,200 basis point improvement from -18% in the first half of 2022[10]. - The net loss for the year ended June 30, 2023, was $121.370 million, slightly improved from a net loss of $128.919 million in 2022[23]. - The company reported a comprehensive loss of $118.590 million for the year ended June 30, 2023, compared to a comprehensive loss of $121.583 million in 2022[23]. Financial Position - Total assets increased to $275.176 million as of June 30, 2023, compared to $211.998 million as of June 30, 2022, reflecting a growth of 30%[24]. - Cash and cash equivalents decreased to $29.421 million from $70.753 million in the previous year, indicating a decline of 58%[24]. - Total liabilities rose to $418.831 million as of June 30, 2023, compared to $253.904 million in 2022, marking a 65% increase[24]. Cash Flow and Operating Activities - Cash flows used in operating activities amounted to $162.430 million for the year ended June 30, 2023, compared to $86.840 million in 2022, indicating a significant increase in cash outflow[25]. - The company incurred finance costs of $27.867 million in 2023, up from $18.136 million in 2022, reflecting a 54% increase[23]. Inventory and Orders - The company has inventory assets valued at $140 million as of June 30, 2023, compared to $54 million for the same timeframe in the previous year[8]. - Inventory levels surged to $140.291 million as of June 30, 2023, compared to $54.349 million in 2022, representing a 158% increase[24]. - As of June 30, 2023, the company maintained an order backlog valued at approximately $99 million, down from $149 million at the end of the previous fiscal year[6]. - Sales orders for the six-month period ended June 30, 2023, amounted to $56 million, compared to $105 million for the same period in the prior year[7]. - The company expects strong order growth in the second half of 2023, supported by recent large purchase orders from leading industry players[7]. Financing and Future Plans - The company secured a financing commitment of up to $75 million in September 2023, with an initial funding of $25 million[4]. - Tritium plans to provide NACS connectors on its chargers by late 2023 or early 2024 to meet new state requirements for NEVI-funded projects[16]. - The company announced a change in its fiscal year end from June 30 to December 31, starting in 2024[17].
Tritium DCFC (DCFC) - 2023 Q4 - Annual Report
2023-09-20 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...
Tritium DCFC (DCFC) - 2023 Q2 - Quarterly Report
2023-03-08 16:00
Sales and Market Growth - As of December 31, 2022, Tritium has sold over 10,000 DC fast chargers across 42 countries, providing over 20,000 high-power charging sessions daily[4] - The U.S. federal government plans to fund the installation of 500,000 new EV chargers over the next decade, with a target of 50% of new cars sold being EVs by 2030[5] - Bloomberg New Energy Finance forecasts that EV sales will grow to over 40.3% of the global passenger vehicle market by 2030, up from approximately 8.7% in 2021[8] - The Group continues to solidify its position as the 2 supplier of DC fast chargers in ANZ, US, and Europe, with expectations of significant revenue growth based on strong sales backlog[177] Financial Performance - Total revenue increased by $15.7 million, or 27.5%, from $57.0 million during the six months ended December 31, 2021, to $72.6 million during the six months ended December 31, 2022[49] - Total revenue for the six months ended December 31, 2022, was $72,644,000, an increase of 27.5% compared to $56,991,000 for the same period in 2021[151] - Net loss attributable to common shareholders for the six months ended December 31, 2022, was $56,271,000, compared to a net loss of $68,138,000 in the prior year, representing a 17.5% improvement[151] - The Group incurred an operating loss after income tax of $56.3 million for the half year ended December 31, 2022, compared to a loss of $68.1 million for the same period in 2021, indicating a reduction in losses[171] Revenue and Cost Analysis - Hardware revenue from external parties increased by $24.6 million, or 59%, while related parties hardware revenue decreased by $11.0 million, or 87%[47] - Cost of goods sold increased by $26.2 million, or 49.1%, from $53.5 million to $79.7 million, primarily due to start-up expenses of ramping the Tennessee factory[54] - Total cost of goods sold for the six months was $79,689,000, up from $53,457,000, indicating a 48.9% increase[151] - Average cost of Stand Alone Chargers increased by $1,463 per unit, or 5.9%, from $24,608 to $26,071, attributed to inflation across key components and semiconductors[55] Operational Challenges - Production volumes at Tritium's Tennessee facility were approximately six weeks behind schedule as of December 31, 2022, due to global supply chain challenges[23] - The decision to use air freight for fulfilling orders outside Australia and New Zealand increased freight costs and decreased gross margin for the six months ended December 31, 2022[23] - The company intends to expand operations through new production facilities, particularly in the U.S., to increase speed to market and reduce freight costs[11] Expenses and Investments - Selling, general and administrative expenses decreased by $10.4 million, or 22%, from $46.9 million to $36.4 million[48] - Product development expenses increased by $593,000, or 9%, from $6.5 million to $7.1 million[48] - The Group's selling, general, and administration expenses decreased to $36.437 million for the six months ended December 31, 2022, from $46.851 million in the same period of 2021[186] Cash Flow and Liquidity - Operating cash outflows were $78.7 million for the six months ended December 31, 2022, compared to $24.0 million for the six months ended December 31, 2021[71] - Net cash used in operating activities increased by $54.7 million, or 228.2%, from $24.0 million to $78.7 million for the six months ended December 31, 2022, primarily due to an increase in net loss after income tax adjusted for non-cash items of $30.4 million[93] - The Group raised $180 million through three debt facilities during the current period, demonstrating strong relationships with debt lenders[177] Assets and Liabilities - Total assets increased to $298,275,000 as of December 31, 2022, up from $213,355,000 as of June 30, 2022, representing a 39.7% growth[153] - Total liabilities increased to $385,521,000, up from $253,904,000, indicating a 51.8% rise[153] - The total shareholders' deficit increased to $87,246,000 as of December 31, 2022, from $40,549,000 as of June 30, 2022[153] Inventory and Receivables - Tritium's inventory increased to $106.9 million as of December 31, 2022, compared to $55.7 million as of June 30, 2022, due to strategic decisions to increase stock levels[17] - Accounts receivable from external parties rose significantly to $59,960,000, compared to $30,816,000, marking a 94.5% increase[153] - Total trade receivables increased to $57,860,000 as of December 31, 2022, from $28,575,000 as of June 30, 2022, with an allowance for expected credit losses of $743,000[195] Future Outlook - The Group expects to turn EBITDA positive during the first half of calendar year 2024, supported by improved gross margins from investments made in 2023[177] - The Group had a sales backlog of $159 million as of the balance sheet date, which is expected to significantly increase revenue for the calendar year ended December 31, 2023[177]
Tritium DCFC (DCFC) - 2022 Q4 - Earnings Call Transcript
2022-09-23 01:35
Tritium DCFC Limited (NASDAQ:DCFC) Q4 2022 Earnings Conference Call September 22, 2022 4:30 PM ET Company Participants Michael Collins - General Counsel and Company Secretary Jane Hunter - CEO Michael Hipwood - CFO Conference Call Participants Steven Fox - Fox Advisors Will Jellison - D.A. Davidson Rob Wertheimer - Melius Tom Curran - Seaport Global Holdings Noel Parks - Tuohy Brothers Christopher Souther - B Riley Pavel Molchanov - Raymond James Operator Good day and thank you for standing by. Welcome to t ...
Tritium DCFC (DCFC) - 2022 Q4 - Earnings Call Presentation
2022-09-22 20:26
| --- | --- | --- | --- | --- | |-------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | FISCAL YEAR 2022 EARNINGS PRESENTATION September 2022 | | | | | Disclaimer FISCAL YEAR 2022 EARNINGS PRESENTATION Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, also known as the P ...