XCF Global Surpasses ~ $1 Million in Commercial Revenue from New Rise Facility
Per XCF, the milestone reinforces XCF Global's operational delivery amid broader market skepticism and short-selling volatility; XCF shares are up nearly 15% today at $0.3935.
(Houston, Texas) Sustainable fuel producer XCF Global’s (NASDAQ: SAFX) announced yesterday afternoon (Aug. 20) that its Nevada-based New Rise Facility has surpassed ~ $1 million in revenue; as of mid-day today (Aug. 21), SAFX shares have traded up nearly 15% to $0.3935.
Image of XCF Global’s New Rise Reno facility in Reno, Nevada, courtesy of XCF Global.
Per XCF, the revenue achievement marks the company’s successful transition from development and commissioning to active commercialization.
According to yesterday’s press release from XCF Global, the initial revenue milestone “marks the Company’s successful transition from development and commissioning to active commercialization, validating its operational timeline and commercial business model,” and reinforces XCF’s operational delivery amid broader market skepticism and short-selling volatility.
"Generating our first commercial revenue at the New Rise Renewables facility is a definitive turning point for XCF Global," said Chris Cooper, CEO of XCF Global. "While short-term market noise and short sellers have attempted to distort our trajectory, our team has stayed focused on the only metric that matters: real execution. Delivering operational revenue proves the viability of our assets and represents our unwavering commitment to our retail and institutional shareholders who have supported our vision. We look forward to accelerating our revenue growth and expanding our production footprint."
** Not investment advice; neither The FLY Report nor FLYJETS – nor any associated individual – is a registered investment adviser.
