PRESS RELEASE
News
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PRESS RELEASE
Electrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/Y
Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, reported over $3.2 million in Adjusted EBITDA and $1.2 million in Operating Profit for Fiscal 2023, representing a breakthrough year for the Company. The Two-year Revenue CAGR of 100% and the updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector underpin the fiscal 2024 guidance of $65 to 75 million, signaling continued strong growth supported by new high voltage battery system product lines and capacity expansion. The Company also made progress with regard to planned battery 'gigafactory' in Jamestown, NY and listed Common Shares on the Nasdaq Stock Market LLC. With increased revenues, improved gross margin, and recent business developments, Electrovaya is well positioned for future growth in fiscal 2025 and beyond. -
PRESS RELEASE
Electrovaya Announces Date for Q4 FY-2023 and FY-2023 Financial Results and Conference Call
Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, is set to release its fourth quarter and fiscal year ending September 30, 2023 financial results on Tuesday, January 2, 2024, followed by a conference call on Wednesday, January 3, 2024. The press release includes information on the conference call details, as well as a replay option for those unable to participate. For more information, investors and media can contact the company's representatives. -
PRESS RELEASE
Electrovaya Begins Shipping Infinity-HV Battery Systems
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