XCF Global CEO stresses profitability focus amid share price decline
SAFX•XCF Global CEO Chris Cooper emphasized disciplined capital allocation and sustainable profitability as the company reported August revenue above $10 million and September gross product sales above $12 million. Daily production reached about 85,000 gallons by the end of September, and a business combination with Southern Energy Renewables and DevvStream closed today.
1. Operational progress
CEO Chris Cooper addressed recent share-price volatility and declines, emphasizing disciplined capital allocation and long-term shareholder value. XCF Global said its Reno facility reported August revenue above $10 million, September gross product sales exceeding $12 million on a non-GAAP basis, and daily production of approximately 85,000 gallons by the end of September as it transitioned to commercial operations.
2. Business combination closes
The business combination with Southern Energy Renewables and DevvStream closed today, advancing the company's diversified energy platform strategy. Cooper said operational progress must translate into sustainable profitability and greater financial strength.
