XCF Global Posts $12M+ September Sales, Ships 1.4M Gallons of Renewable Diesel
SAFX has more than doubled off its 52-week low of $0.119.
Summary
XCF Global reported September gross product sales exceeding $12 million from renewable diesel, with shipments of about 1.4 million gallons from its New Rise Renewables Reno facility. Daily production climbed to roughly 85,000 gallons by month-end, up from 70,000+ in August and approaching the facility's 105,000–110,000 gallon nameplate capacity. This follows the August 12 8-K disclosing initial sales to Tartan Oil and the Q2 10-Q showing an 89% revenue collapse and going concern warning. The September figures suggest a meaningful ramp in commercial output, though gross product sales is a management-defined metric that includes government incentives and renewable attributes, not GAAP revenue. The company's $238 million working capital deficit and heavy dilution from recent financings remain key risks.
At the time of this announcement, SAFX was trading at $0.32 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $128.9M. The 52-week trading range was $0.12 to $1.32. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.