Quarterly ResultAug 11, 2026, 03:36 PM
Electrovaya Revises FY26 Revenue Guidance to $70-73M; Q3 Net Income Up
AI Summary
Electrovaya Inc. reported strong financial results for the nine-month period ended June 30, 2026, with revenue increasing to $51.3 million and net income rising to $2.36 million. However, the company revised its full-year 2026 revenue guidance downwards to $70-73 million, citing updated customer demand assumptions and macroeconomic conditions. Total assets and equity saw significant growth, driven by increased cash, receivables, and investments in the Jamestown facility.
Key Highlights
- Revised FY2026 revenue guidance to $70-73 million, down from over $83 million.
- Nine-month revenue increased to $51.3 million from $43.3 million year-over-year.
- Nine-month net income rose to $2.36 million from $1.31 million year-over-year.
- Nine-month diluted EPS increased to $0.05 from $0.03 year-over-year.
- Total assets grew to $118.5 million as of June 30, 2026, from $63.9 million as of September 30, 2025.
- Cash and cash equivalents increased to $13.1 million from $6.4 million since September 2025.
- Deposits for Jamestown equipment reached $21.1 million, up from $6.6 million.
- Long-term EXIM loan balance increased to $19.8 million from $3.1 million.
Price Impact
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