XCF Global CEO Updates Shareholders Following Recent Market Volatility
XCF Global's CEO issued a shareholder letter addressing recent share-price volatility and reaffirming focus on execution, capital discipline, and long-term value. The letter disclosed that the company reported more than $10 million of revenue for August and over $12 million in gross product sales (a non-GAAP measure) for September, with daily production reaching roughly 85,000 gallons by month-end as the New Rise Reno facility transitions to commercial operations. It also confirmed the closing of XCF's business combination with Southern Energy Renewables and DevvStream as part of a diversified energy platform strategy.
Key figures
- Revenue
- more than $10 million
- Revenue Yoy
- 0
- August revenue
- more than $10 million
- Nameplate capacity
- 38 - 40 million gallons per year
- Daily production end september
- approximately 85,000 gallons
- September gross product sales non gaap
- over $12 million
AI analysis
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