Electrovaya Inc

Earnings data Q3 2023

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Electrovaya, Inc. is a lithium-ion battery technology and manufacturing company. engages in designing, developing, and manufacturing proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The firm's businesses include lithium-ion batteries to power MHEVs including forklifts and Automated Guided Vehicles, as well as accessories such as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses and other transportation applications; industrial products for energy storage; and specialty applications which require complex power solutions, including competencies in building systems for third parties. The company was founded by Sankar Das Gupta in September 1996 and is headquartered in Mississauga, Canada.

Electrovaya Inc. (ELVA) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.03. This compares to break-even earnings per share a year ago.

Electrovaya Inc. (ELVA) Reports Q2 Loss, Misses Revenue Estimates

$1.5 million in Adjusted EBITDA1, bringing the trailing 12 month Adjusted EBITDA1 to $5.8 million Revenue of $10.7 million and Gross Margins improved by 1240 basis points year over year to 35% Operating profit of $0.7 million with positive cash flow from operations for the quarter TORONTO, ON / ACCESSWIRE / May 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the second quarter fiscal year ended March 31, 2024 ("Q2 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Second Quarter FY2024 Financial Results

TORONTO, ON / ACCESSWIRE / May 13, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its second quarter ending March 31, 2024, prior to the market open on Tuesday, May 14, 2024. This will be followed by a conference call at 8:00 a.m.

Electrovaya Announces Rescheduling of Q2-2024 Financial Results & Conference Call

90th Anniversary Annual Conference of Export-Import Bank of the United States(EXIM) in Washington DC TORONTO, ON / ACCESSWIRE / May 6, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced that its CEO, Dr. Raj DasGupta will be participating in a panel discussion focused on the energy transition and new green economy at the Export-Import Bank of the United States (EXIM) 2024 Annual Conference. The conference will be held on Thursday, June 6 and Friday June 7 at the Washington Hilton Hotel in Washington, DC.

Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference

TORONTO, ON / ACCESSWIRE / May 2, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its second quarter ending March 31, 2024, following the market close on Monday, May 13, 2024. This will be followed by a conference call at 5:00 p.m.

Electrovaya Announces date for Q2-2024 Financial Results & Conference Call

Sumitomo Corporation Power & Mobility, a 100% subsidiary of Sumitomo Corporation and Electrovaya have expanded their sales partnership with a formal supply agreement with the intention to supply battery modules to a leading Japanese construction equipment OEM TORONTO, ON / ACCESSWIRE / April 29, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced the establishment of a Supply Agreement with Sumitomo Corporation Power & Mobility ("SCPM"), a 100% subsidiary of Sumitomo Corporation (8053). The Supply Agreement will initially cover the supply of battery modules to leading Japanese construction equipment manufacturers.

Electrovaya and Sumitomo Corporation Power & Mobility Enter into Supply Agreement for Electrovaya Lithium Ion Battery Products

TORONTO, ON / ACCESSWIRE / April 19, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announces it will be hosting a Battery Technology & Investor Day on Wednesday, June 12, 2024 starting at 11:00 am ET from the Company's Canadian headquarters, located at 6688 Kitimat Rd., Mississauga, ON, L5N 1P8.

Electrovaya to Host a Battery Technology & Investor Day

TORONTO, ON / ACCESSWIRE / April 1, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2024 Annual General Meeting held on March 28th, 2024 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr.

Electrovaya Announces Results of Annual Meeting of Shareholders

Electrovaya's batteries have been successfully integrated and tested with wireless chargers TORONTO, ON / ACCESSWIRE / March 11, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today announced that its latest generation of battery systems has been integrated and tested with two leading providers of wireless chargers. The battery systems have successfully demonstrated wireless charging capabilities that achieve performance metrics similar to that of wired chargers.

Electrovaya Announces Integration of Wireless Charging for its Batteries

TORONTO, ON / ACCESSWIRE / March 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya's CEO will be attending the following upcoming investor conferences in March: Event: 36th Annual Roth ConferenceDate: March 17-19, 2024Location: The Ritz Carlton Laguna Niguel in Dana Point, CAFormat: Presentation and 1x1's For more information on the 36th Annual ROTH Conference, or to schedule a one-on-one meeting with Electrovaya's management, please contact your ROTH representative or visit www.roth.com/oc2024 Event: Piper Sandler 24th Annual Energy ConferenceDate: March 18-20, 2024Location: Waldorf Astoria, Las Vegas, NVFormat: 1x1 Meetings on Wed., March 20th To schedule a 1x1 meeting, please contact your Piper Sandler representative.

Electrovaya to Present at Upcoming Investor Conferences in March

Generation V BMS System Optimized for new Electrovaya's High Voltage Applications has achieved UL991 and UL 1998 Recognition TORONTO, ON / ACCESSWIRE / February 27, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, today announced that its latest generation of battery management system technology ("BMS") has been approved by UL. The GEN V Battery Management System (BMS) has been successfully evaluated for conformity with both UL 991, which pertains to safety-related controls utilizing Solid-State devices, and UL 1998, addressing Software in programmable components.

Electrovaya Announces Receipt of UL Functional Safety Approval for Next Generation Battery Management System

Increase in availability by C$6 million from current working capital facility with an 18 month term also including uncommitted accordions to increase the facility to C$26 million TORONTO, ON / ACCESSWIRE / February 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that its credit facility has been increased from C$16 million to C$22 million, with uncommitted accordions up to $4MM to increase the facility to C$26 million in the future. This facility will support the Company's working capital needs in connection with its continued sales and production growth.

Electrovaya Announces Increase in Credit Facility to C$22 million

Electrovaya Inc. (ELVA) Q1 2024 Earnings Call Transcript

$0.6 million in Adjusted EBITDA1, the fourth consecutive quarter with positive Adjusted EBITDA Gross Margins improved by 360 basis points to 29% with battery systems exceeding 30% Reaffirmed Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector TORONTO, ON / ACCESSWIRE / February 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA),(TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the first quarter fiscal year ended September 30, 2024 ("Q1 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/Y

TORONTO, ON / ACCESSWIRE / February 5, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter ending December 31, 2023, following the market close on Monday, February 12, 2024. This will be followed by a conference call at 5:00 p.m.

Electrovaya Announces Date for Q1-2024 Financial Results & Conference Call

Electrovaya Inc. (ELVA) Q4 2023 Earnings Call Transcript

Electrovaya Inc. (ELVA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Electrovaya Inc. (ELVA) Rating Upgrade to Strong Buy

TORONTO, ON / ACCESSWIRE / January 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that management is participating in the iAccess Alpha Tax Loss Recovery Summit Virtual Conference on January 9th and 10th, 2024. Dr. Raj DasGupta, Electrovya's CEO, will deliver a company presentation at 10:30 a.m.

Electrovaya to Participate in the iAccess Alpha Tax Loss Recovery Summit 2024 - Buyside Best Ideas Virtual Conference on January 9th and 10th, 2024

Over $3.2 million in Adjusted EBITDA1 with an Operating Profit of $1.2 million for Fiscal 2023; Two-year Revenue CAGR of 100%; Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector Expects continued strong growth into Fiscal 2025 and beyond supported by new high voltage battery system product lines and anticipated capacity expansion TORONTO, ON / ACCESSWIRE / January 3, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2023 ("Q4 FY2023" & "FY 2023", respectively). All dollar amounts are in U.S. dollars unless otherwise noted.

Electrovaya Reports Record Revenue of $44.1 Million for Fiscal Year 2023; Up 171% Y/Y

TORONTO, ON / ACCESSWIRE / January 2, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2023 (Q4 FY2023" & "FY 2023", respectively) financial results, after market close on Tuesday, January 2, 2024. This will be followed by a conference call at 8:00 a.m.

Electrovaya Announces Date for Q4 FY-2023 and FY-2023 Financial Results and Conference Call

First Shipment Made to Global Aerospace Company TORONTO, ON / ACCESSWIRE / December 26, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce the first shipment of its Infinity-HV battery systems, an addition to its infinity product line. "We are excited to see our first Infinity-HV battery product shipped to this large Aerospace customer, and we are looking forward to delivering more pre-production units to additional seed customers," said Dr. Khadija Yazda, High Voltage Systems Product Manager at Electrovaya.

Electrovaya Begins Shipping Infinity-HV Battery Systems

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Repeat order represents over $12 million in purchases by this customer over the last 12 months for material handling electric vehicle batteries TORONTO, ON / ACCESSWIRE / November 7, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the receipt of a battery purchase order through one of its OEM sales channels valued at over US$8 million. The batteries will be used by a leading Fortune 100 company in the United States for material handling electric vehicles.

Electrovaya Receives Additional US$8 Million Battery Order from Existing Fortune 100 Customer

Expands prior agreement with one of the partners for longer term, higher minimum purchases and adds a new large OEM partner and affiliates TORONTO, ON / ACCESSWIRE / November 2, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that it has executed a Strategic Supply Agreement with two leading affiliated OEM partners for material handling vehicles and other affiliates for the supply of battery systems. The new three-year agreement provides the two leading OEMs and other affiliated companies with branded lithium ion batteries that are UL 2580 Listed and compatible with most class I, II and III lift trucks as well as automated guided vehicles and robots.

Electrovaya Announces Three Year Strategic Supply Agreement with Existing and New Global OEM Partners

TORONTO, ON / ACCESSWIRE / October 30, 2023 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces today that the Company will be attending the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select Conference. Gabelli Funds - 47th Annual Automotive Symposium Date: October 30-31, 2023Speaker: CFO, John GibsonPresentation Time: October 30th at 4:15pm PTFormat: Presentation & In-Person and Virtual 1x1 meetingsLocation: Las Vegas, NV, USA Craig-Hallum's Alpha Select Conference Date: November 16, 2023Speakers: CEO, Dr. Raj DasGupta and CFO, John GibsonFormat: Presentation & In-Person and Virtual 1x1 meetingsLocation: New York City, NY, USA UBS Industrials Summit Date: November 28-30, 2023Speaker: CEO, Dr. Raj DasGuptaFormat: Presentation & In-Person 1x1 meetingsLocation: Palm Beach, FL, USA Investor and Media Contact:Jason RoyDirector, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / jroy@electrovaya.com About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power.

Electrovaya to attend the Gabelli Funds - 47th Annual Automotive Symposium, the UBS - Industrials Summit and the Craig-Hallum - Alpha Select Conference

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