Quarterly ResultAug 12, 2026, 01:51 PM
Electrovaya Q3 Net Income $0.3M; Cuts FY26 Revenue Guidance
AI Summary
Electrovaya Inc. reported its unaudited condensed interim consolidated financial results for the three and nine months ended June 30, 2026. For the nine-month period, revenue increased to $51.3 million and net income rose to $2.4 million. However, the company revised its fiscal year 2026 revenue guidance downwards to $70 million to $73 million, from a previous expectation of over $83 million, citing updated customer demand assumptions and macroeconomic conditions.
Key Highlights
- Revised FY 2026 revenue guidance to $70M-$73M, down from over $83M.
- Nine-month revenue increased to $51.3M from $43.3M year-over-year.
- Nine-month net income rose to $2.4M from $1.3M year-over-year.
- Q3 net income decreased to $0.3M from $0.9M year-over-year.
- Basic EPS for Q3 was $0.01, down from $0.02 year-over-year.
- Total assets grew to $118.5M as of June 30, 2026, from $63.9M.
- Cash and cash equivalents increased to $13.1M from $6.4M.
Price Impact
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