Tritium implements strategic plan to achieve 2024 profitability

Brisbane, australia, nov. 07, 2023 (globe newswire) -- tritium dcfc limited (tritium) (nasdaq: dcfc), a global leader in direct current (dc) fast chargers for electric vehicles (evs), today announced the implementation of business measures designed to achieve a path to profitability in 2024 and reduce external capital requirements. the plan sees tritium improve operational efficiency and margins to drive profitability and shareholder value by consolidating its global manufacturing operations into its scaled plant in lebanon, tennessee, and reduce selling general & administrative (sg&a) expenses via plans to decrease specific headcount and professional fees.
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