Reports Q4 revenue $59.6M, consensus $57.45M. "We achieved record PyroThin thermal barrier revenue of $55.6M for the year, an increase of nearly 9 times 2021 revenues. Combined with a robust Energy Industrial market, we delivered annual revenues of $180M, up 48% year-over-year," noted Donald R. Young, President and CEO. "We received a Letter of Intent from the luxury brand of an important German OEM group where the thermal barrier parts are targeted for a battery platform intended for use across several of their models. We also received an order for approximately 1.5M prototype parts for a commercial vehicle brand within the same German OEM group. We believe we are well positioned to achieve our goals of deepening our technical and commercial relationships with existing customers and adding important new customers."
Published first on TheFly
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