Did they get awarded a program by Porsche? One of the newly awarded programs is with a new customer, a premium brand of a major European OEM.
How many other companies have a $1b sales pipeline locked in from some of the biggest Auto manufacturers around the world? The Company has projected remaining lifetimegross program wheel revenue on awarded programs, resulting in backlog >$970M (as of 29thMay 2023). Almost 50% of the backlog relates to Electric Vehicle programs.
CBR Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
