XCF Global Posts $10M+ August Revenue on 1.3M Gallons of Renewable Diesel
SAFX has more than doubled off its 52-week low of $0.119.
Summary
XCF Global reported August revenue exceeding $10 million from shipping 1.3 million gallons of renewable diesel from its New Rise Reno facility. This is the first full month of commercial sales since the plant restarted in July, and management says daily production is around 50,000 gallons with a path to over 70,000 and eventually 100,000+. The company has been under severe financial strain—an 89% revenue collapse in Q2, a $238 million working capital deficit, and a going concern warning—so this revenue print is a meaningful step toward viability. It follows the initial sales to Tartan Oil announced in August, which were estimated at $12.86M–$13.86M, suggesting August's $10M+ is in line with that early traction. The key question is whether this revenue level can be sustained and scaled, given the company's high-cost financing and ongoing disputes with its landlord and lender.
At the time of this announcement, SAFX was trading at $0.41 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $171.6M. The 52-week trading range was $0.12 to $1.45. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.