PRESS RELEASE
News
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PRESS RELEASE
Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/Y
Electrovaya Inc. reports $0.6 million Adjusted EBITDA in Q1 FY2024, with revenue growth and improved margins. The company reaffirms fiscal 2024 guidance of $65 to 75 million amid increasing order backlog and new supply agreements with major OEMs -
PRESS RELEASE
Electrovaya Announces Date for Q1-2024 Financial Results & Conference Call
Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA) will release its first quarter ending December 31, 2023, on February 12, 2024, followed by a conference call with CEO Dr. Raj DasGupta and CFO John Gibson to discuss financial results and business update -
PRESS RELEASE
Electrovaya to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9th and 10th, 2024
Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, will be participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9th and 10th, 2024. Dr. Raj DasGupta, Electrovya's CEO, will be delivering a company presentation and hosting one-on-one meetings during the conference. For more information and to register for the conference, please visit the event website. A webcast of the presentation will also be available at the provided link. Contact details for investors and media are included in the press release. Electrovaya Inc. is a pioneering leader in the global energy transformation, focusing on contributing to preventing climate change by supplying safe and long-lasting lithium-ion batteries. The Company also develops next generation solid state battery technology. For more information about Electrovaya, please visit their website. -
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
