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  5. ELVA: Peter; Could you comment on earnings and conf call? [Electrovaya Inc.]
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Q: Peter; Could you comment on earnings and conf call? Should I add some ? Thanks.
Rod
Asked by Rodney on February 17, 2026
5i Research Answer:

EPS of $0.027 beat estimates of $0.02 and sales of $21.29M missed estimates of $22.94M. Sales grew 39% year-over-year despite seasonality, and its gross profit margins improved 240 basis points due to product mix and supplier/price management. Its operating profit turned positive in Q1 2026, and management reaffirmed FY2026 revenue guidance, expecting sales to grow above 30%. In the call, management noted that its largest customers are Fortune 100/500 retailers with good visibliity on demand, and it has two products planned for stationary energy storage products, one with a US government-backed project, and the other targeting data center applications. Overall, we think this was a solid quarter, and we would be comfortable slowly adding here.