Electrovaya Inc

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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Electrovaya, Inc. is a lithium-ion battery technology and manufacturing company. engages in designing, developing, and manufacturing proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The firm's businesses include lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles, as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties. The company was founded by Sankar Das Gupta in September 1996 and is headquartered in Mississauga, Canada.

$0.6 million in Adjusted EBITDA1, the fourth consecutive quarter with positive Adjusted EBITDA Gross Margins improved by 360 basis points to 29% with battery systems exceeding 30% Reaffirmed Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector TORONTO, ON / ACCESSWIRE / February 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA),(TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the first quarter fiscal year ended September 30, 2024 ("Q1 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/Y

TORONTO, ON / ACCESSWIRE / February 5, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter ending December 31, 2023, following the market close on Monday, February 12, 2024. This will be followed by a conference call at 5:00 p.m.

Electrovaya Announces Date for Q1-2024 Financial Results & Conference Call

Electrovaya Inc. (ELVA) Q4 2023 Earnings Call Transcript

Electrovaya Inc. (ELVA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Electrovaya Inc. (ELVA) Rating Upgrade to Strong Buy

TORONTO, ON / ACCESSWIRE / January 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that management is participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9th and 10th, 2024. Dr. Raj DasGupta, Electrovya's CEO, will deliver a company presentation at 10:30 a.m.

Electrovaya to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9th and 10th, 2024

Over $3.2 million in Adjusted EBITDA1 with an Operating Profit of $1.2 million for Fiscal 2023; Two-year Revenue CAGR of 100%; Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector Expects continued strong growth into Fiscal 2025 and beyond supported by new high voltage battery system product lines and anticipated capacity expansion TORONTO, ON / ACCESSWIRE / January 3, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2023 ("Q4 FY2023" & "FY 2023", respectively). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/Y

TORONTO, ON / ACCESSWIRE / January 2, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2023 (Q4 FY2023" & "FY 2023", respectively) financial results, after market close on Tuesday, January 2, 2024. This will be followed by a conference call at 8:00 a.m.

Electrovaya Announces Date for Q4 FY-2023 and FY-2023 Financial Results and Conference Call

First Shipment Made to Global Aerospace Company TORONTO, ON / ACCESSWIRE / December 26, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce the first shipment of its Infinity-HV battery systems, an addition to its infinity product line. "We are excited to see our first Infinity-HV battery product shipped to this large Aerospace customer, and we are looking forward to delivering more pre-production units to additional seed customers," said Dr. Khadija Yazda, High Voltage Systems Product Manager at Electrovaya.

Electrovaya Begins Shipping Infinity-HV Battery Systems

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Repeat order represents over $12 million in purchases by this customer over the last 12 months for material handling electric vehicle batteries TORONTO, ON / ACCESSWIRE / November 7, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the receipt of a battery purchase order through one of its OEM sales channels valued at over US$8 million. The batteries will be used by a leading Fortune 100 company in the United States for material handling electric vehicles.

Electrovaya Receives Additional US$8 Million Battery Order from Existing Fortune 100 Customer

Expands prior agreement with one of the partners for longer term, higher minimum purchases and adds a new large OEM partner and affiliates TORONTO, ON / ACCESSWIRE / November 2, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that it has executed a Strategic Supply Agreement with two leading affiliated OEM partners for material handling vehicles and other affiliates for the supply of battery systems. The new three-year agreement provides the two leading OEMs and other affiliated companies with branded lithium ion batteries that are UL 2580 Listed and compatible with most class I, II and III lift trucks as well as automated guided vehicles and robots.

Electrovaya Announces Three Year Strategic Supply Agreement with Existing and New Global OEM Partners

TORONTO, ON / ACCESSWIRE / October 30, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces today that the Company will be attending the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select Conference. Gabelli Funds - 47th Annual Automotive Symposium Date: October 30-31, 2023Speaker: CFO, John GibsonPresentation Time: October 30th at 4:15pm PTFormat: Presentation & In-Person and Virtual 1x1 meetingsLocation: Las Vegas, NV, USA Craig-Hallum's Alpha Select Conference Date: November 16, 2023Speakers: CEO, Dr. Raj DasGupta and CFO, John GibsonFormat: Presentation & In-Person and Virtual 1x1 meetingsLocation: New York City, NY, USA UBS Industrials Summit Date: November 28-30, 2023Speaker: CEO, Dr. Raj DasGuptaFormat: Presentation & In-Person 1x1 meetingsLocation: Palm Beach, FL, USA Investor and Media Contact:Jason RoyDirector, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / jroy@electrovaya.com About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power.

Electrovaya to attend the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select Conference

Former Board Chair of Sierra Club Foundation, Barclays Head of cleantech joins Electrovaya's board of directors to enhance climate tech and capital markets depth TORONTO, ON / ACCESSWIRE / October 24, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA);(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced the appointment of Steven Berkenfeld to the Company's board of directors. Steven Berkenfeld is a renowned and passionate Climate and Clean Technology advocate and has been acting as an advisor to Electrovaya's CEO since 2021.

Electrovaya Appoints Steven Berkenfeld to its Board of Directors

FY 2023 Revenue In line with Guidance; CAGR of 100% over 2 years TORONTO, ON / ACCESSWIRE / October 3, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced preliminary unaudited Q4 and Fiscal Year 2023 revenue. ("Q4 FY2023" and "FY2023", respectively).

Electrovaya's Preliminary FY2023 Revenue of $42.2 Million, Up 113% Y/Y

Improved operational efficiency with increased manufacturing capacity; expansion of engineering capabilities; product updates; management open market share purchases TORONTO, ON / ACCESSWIRE / September 21, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced a business update. Canadian Manufacturing Site Upgrades and Capacity Increase Electrovaya has made incremental improvements in its manufacturing process, equipment and facilities over the last several months that have led to increased capacity and efficiency.

Electrovaya Provides a Business Update

TORONTO, ON / ACCESSWIRE / August 31, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced today that Dr. Raj DasGupta will be participating at both the upcoming H.C. Wainwright 25th Annual Global Investment Conference on September 11-12, 2023 and the Piper Sandler Growth Frontiers Conference on September 13, 2023.

Electrovaya to Present at the Piper Sandler Growth Frontiers Conference and the H.C Wainwright Annual Global Investment Conference in September

Electrovaya Inc. (NASDAQ:ELVA ) Q3 2023 Results Conference Call August 14, 2023 6:00 PM ET Company Participants John Gibson - CFO Dr. Raj DasGupta - CEO Conference Call Participants Eric Stine - Craig Hallum Sameer Joshi - H.C. Wainwright Pavel Molchanov - Raymond James Tom Curran - Seaport Research Shawn Severson - Water Tower Research Aaron Martin - AIGH Investment Partners Operator Welcome to the Electrovaya Q3 2023 Financial Results Conference Call.

Electrovaya Inc. (ELVA) Q3 2023 Earnings Call Transcript

Improved quarterly revenue, EBITDA and gross margins with positive cash flow year to date Maintains fiscal year revenue guidance of $42 million TORONTO, ON / ACCESSWIRE / August 14, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fiscal third quarter ended June 30, 2023 ("Q3 FY2023"). All dollar amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

Electrovaya Reports Q3 FY2023 Results

TORONTO, ON / ACCESSWIRE / August 7, 2023 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, announces that it will release its third quarter financial results ending June 30, 2023, after market close on August 14, 2023. This will be followed by a conference call at 6:00 p.m.

Electrovaya Announces Date for Q3 2023 Financial Results & Conference Call

Over 80% of the first-phase facility costs expected to be covered by government-backed debt TORONTO, ON / ACCESSWIRE / August 2, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company")(NASDAQ:ELVA) (TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce an update on its planned gigafactory in Jamestown, New York (the "Gigafactory") and associated financing efforts. Electrovaya is embarking on the largest manufacturing expansion in its history.

Electrovaya Provides Update on Planned New York Gigafactory

Systems will use Electrovaya's Infinity technology for superior safety and longevity. Initial deliveries planned for Q4 2023, with mass production in Jamestown, NY TORONTO, ON / ACCESSWIRE / July 20, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce the launch of its Infinity-HV battery systems, an addition to its existing Infinity product line.

Electrovaya Launches Infinity-HV Battery Systems for Electric Bus, Truck and Energy Storage Applications

Electrovaya, a Canadian battery company, has shown potential for growth in the green energy battery space through its three main divisions: material handling, E-mobility, and energy storage. The company has established long-term partnership agreements with 10% of the Fortune 500, primarily through its material handling business and partnership with Raymond. Electrovaya's Q2 fiscal 2023 revenue increased by 144% compared to the same period in 2022, and the company expects to see an increase in gross margins in calendar 2023.

Electrovaya: Old School Battery Company With A New Twist

Electrovaya, a leading Lithium Ion Battery company, will begin trading on Nasdaq July 6th 2023 TORONTO, ON / ACCESSWIRE / July 3, 2023 / Electrovaya, Inc. ("Electrovaya" or the "Company") (TSX:ELVA)(OTCQB:EFLVD) a leading lithium-ion battery technology and manufacturing company, is pleased to announce today that the Nasdaq Stock Market LLC has approved the listing of Electrovaya's common shares on the Nasdaq Capital Market ("Nasdaq"). The Company will commence trading on Nasdaq under the symbol "ELVA" at the opening of trading on Thursday, July 6, 2023 and will continue to trade on the Toronto Stock Exchange under the symbol "TSX:ELVA".

Electrovaya Announces Nasdaq Inaugural Trading Date

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I value Electrovaya at somewhere between $3.24 and $5.18 per share, more than 300% above its current price of $0.74. I believe the market is not correctly valuing the impact of the FY2022 revenue increase of 72% and the forecast 119% increase for FY2023 on EFL's finances.

News for Electrovaya Inc Stock (ELVA)