ELVA Stock - Electrovaya Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $63.58M | $44.59M | $43.37M | $15.62M | $9.92M |
| Gross Profit | $18.27M | $13.66M | $11.16M | $3.22M | $2.26M |
| Gross Margin | 28.7% | 30.6% | 25.7% | 20.6% | 22.8% |
| Operating Income | $5.54M | $729,000 | $1.20M | $-7,269,000 | $-7,278,000 |
| Net Income | $3.36M | $-1,485,000 | $-1,479,000 | $-9,211,000 | $-7,534,000 |
| Net Margin | 5.3% | -3.3% | -3.4% | -59.0% | -75.9% |
| EPS | $0.09 | $-0.04 | $-0.04 | $-0.31 | $-0.27 |
Electrovaya Inc., together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including warehouse forklifts and automated guided vehicles, as well 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 power solutions, such as building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 18th 2025 | Oppenheimer | Initiation | Outperform | $14 |
| January 23rd 2025 | Raymond James | Initiation | Strong Buy | $4.5 |
| March 6th 2024 | ROTH MKM | Initiation | Buy | $8 |
Earnings History & Surprises
ELVAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 12, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.05 | — | — | — |
Q3 2025 | Aug 13, 2025 | $0.04 | $0.02 | -50.0% | ✗ MISS |
Q2 2025 | May 14, 2025 | $0.03 | $0.02 | -33.3% | ✗ MISS |
Q1 2025 | Feb 13, 2025 | $-0.02 | $-0.01 | +50.0% | ✓ BEAT |
Q4 2024 | Dec 12, 2024 | $-0.01 | $-0.00 | +66.5% | ✓ BEAT |
Q3 2024 | Aug 13, 2024 | $0.05 | $-0.01 | -120.0% | ✗ MISS |
Q2 2024 | May 14, 2024 | $-0.01 | $-0.02 | -166.7% | ✗ MISS |
Q1 2024 | Feb 13, 2024 | $0.01 | $0.02 | +100.0% | ✓ BEAT |
Q4 2023 | Dec 27, 2023 | $0.01 | $-0.00 | -141.7% | ✗ MISS |
Q3 2023 | Aug 14, 2023 | $-0.03 | $0.00 | +109.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | — | $0.01 | — | — |
Q4 2022 | Dec 31, 2022 | — | $-0.12 | — | — |
Q3 2022 | Sep 30, 2022 | $-0.03 | $-0.02 | +7.6% | ✓ BEAT |
Q2 2022 | Jun 30, 2022 | $-0.03 | $-0.05 | -99.3% | ✗ MISS |
Q1 2022 | Mar 31, 2022 | — | $-0.08 | — | — |
Q4 2021 | Dec 31, 2021 | — | $-0.07 | — | — |
Q3 2021 | Sep 30, 2021 | $-0.05 | $-0.07 | -39.2% | ✗ MISS |
Q2 2021 | Jun 30, 2021 | — | $-0.06 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.07 | — | — |
Latest News
Oppenheimer Initiates Coverage On Electrovaya with Outperform Rating, Announces Price Target of $14
📈 PositiveShares of electrical equipment companies are trading lower amid overall market weakness.
📉 NegativeShares of battery-related companies are trading higher amid overall market strength. China's Commerce Ministry announcement last week said foreign suppliers must obtain approval to export certain products containing rare-earth materials, and the country will require licenses for the export of specific lithium batteries.
📈 PositiveShares of lithium battery-related companies are trading lower following reports suggesting that Contemporary Amperex Technology is expected to resume mining operations at the Jianxiawo mine in China.
📉 NegativeFrequently Asked Questions about ELVA
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