Caravelle International Group Announces Major Milestone in Innovation: The Launch of Wood Drying Ship
- SINGAPORE , March 4, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, is excited to announce a significant leap forward in its operational capabilities with the full commissioning stage of its pioneering wood drying ship. This innovative venture marks a significant milestone in the company's commitment to leveraging sustainable technologies and processes.
- 03/04/2024
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Caravelle Reports Half Year 2023 Financial Results
- SINGAPORE , Feb. 29, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced its unaudited and unreviewed financial results for the six months ended April 30, 2023. Half year 2023 Financial Highlights Six Months Ended Year-over- April 30, April 30, Year % In millions, except percentages 2023 2022 Change Total revenues $ 45.10 $ 96.67 (53.35) % Gross margin 7.51 % 22.54 % (66.68) % Income from operation $ 1.36 $ 20.13 (93.24) % Net income $ 1.35 20.15 (93.30) % April 30, October 31, In millions 2023 2022 Cash, cash equivalents and restricted cash $ 9.62 $ 21.57 Mr.
- 02/29/2024
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Caravelle's Chairman of the Board and CEO, Dr. Guohua Zhang, invited to Davos Summit 2024
- --Milestone Initiative on Ocean Carbon Neutral Sustainability with Fortune 500 CEOs and ESG Leaders SINGAPORE , Jan. 24, 2024 /PRNewswire/ -- Dr Guohua Zhang, Chairman and CEO of Caravelle International Group (Nasdaq: CACO) , the world's leading ocean carbon neutral technology company, was invited to Davos Summit 2024 in Switzerland to participate in the Climate Technology and World Sustainability Forum, and had a discussion with a number of Fortune 500 CEOs and ESG leaders on how to better embed social and economic value into the global sustainability framework and jointly advocated that we will work together to promote and support the balanced development of carbon neutral projects in the ocean. Dr.Zhang Guohua met with Mr.
- 01/24/2024
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Caravelle International Group Announces a Private Placement of up to $6.8 Million
- SINGAPORE , Jan. 10, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has entered into a securities purchase agreement with two institutional investors (the "Investors") on January 5, 2024 to issue and sell $1.5 million of securities as an advance payment for the initial tranche of $3.3 million in a private placement of up to $6.8 million which closed on January 10, 2024. The remaining $1.8 million of the initial tranche shall be paid to the Company upon satisfaction of certain post-closing conditions as set forth in the securities purchase agreement.
- 01/10/2024
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Caravelle International Group Announces Receipt of Nasdaq Notification and Outlines Compliance Plan
- SINGAPORE , Nov. 17, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has received a notification from the Nasdaq Stock Market LLC ("Nasdaq") regarding its compliance status. The notice, received on November 14, 2023, indicates that Caravelle International Group has not filed its interim financial statements for the six-month period ended April 30, 2023, and as a result, is currently non compliant with Nasdaq's Listing Rules for continued listing.
- 11/17/2023
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Navigating Future Profits: Caravelle's New Ship & Proprietary Carbon Reduction Tech Set to Surge Revenue and Profit Margins
- SINGAPORE , Oct. 12, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, is thrilled to announce the signing of a Bareboat Charter Agreement with Kanda Shipping Co. Ltd. This strategic move is not merely a fleet expansion; it marks the company's drive to retrofit its newly leased bulk transport ship with the transformative Co-Tech wood drying equipment.
- 10/12/2023
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Caravelle International Group Regains Compliance with Nasdaq Filing Requirement
- SINGAPORE , Aug. 29, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), confirming that the Company has regained compliance with Nasdaq's filing requirement set forth in Listing Rule 5250(c)(1). As previously reported, the Company received a deficiency notice from Nasdaq on May 10, 2023, due to the delay in filing its Annual Report on Form 20-F for the fiscal year ended October 31, 2022.
- 08/29/2023
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Caravelle International Group Announces Audited Financial Results for 2022 with 51.9% Revenue Growth and 118.2% Increase in EPS
- Audited revenue for 2022 of $185.3 million, up from $122.0 million in 2021, marking a 51.9% growth. Caravelle earned $12.2 million in 2022 vs.
- 08/29/2023
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Caravelle International Group Granted Extension by Nasdaq to Regain Compliance with Filing Requirements
- SINGAPORE , July 21, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), granting the Company an extension to regain compliance with Nasdaq's filing requirements set forth in Listing Rule 5250(c)(1). As previously reported, the Company received a deficiency notice from Nasdaq on May 10, 2023, due to the delay in filing its Annual Report on Form 20-F for the fiscal year ended October 31, 2022.
- 07/21/2023
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