Electrovaya reported what appears to be good quarterly and yearly numbers yesterday.
May I please have your thoughts on the results and the company itself within the battery space?
Is this a good company to invest in in this space or do you feel that there are others that have better long term (3-5 years) prospects?
ELVA reported EPS of $0.07 slightly missing estimates of $0.074 and sales of $28.56M beat estimates of $28.2M. For FY2025, sales grew 43% year-over-year, and for the quarter, sales grew 77.5%. This marked ELVA's first profitable fiscal year, and its battery system margins were 30.9%. It generated positive cash from operations, launched new products in robotics, ground support equipment (GSE), and energy storage, and management noted this year was a strategic inflection point for the company. Guidance suggests continued growth into 2026 supported by expanded product lines and recurring revenue initiatives. This was a strong quarter, and we like ELVAs position in certain battery segments like robotics, stationary storage, and it has a growing manufacturing presence.