Electrovaya Provides a Shareholder Update including Unaudited Preliminary FY2024 Annual Financial Results and Positive Outlook for 2025 [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
million and a margin of approximately 31%. The company expects strong growth in FY2025, with estimated revenues exceeding $60 million, driven by demand from its largest end-users of material handling batteries. Additionally, Electrovaya has secured a $50.8 million direct loan from the Export-Import Bank of the United States to support its lithium-ion battery manufacturing expansion in Jamestown, New York, and is expecting to commence operations in the first half of 2026. Unaudited FY2024 Revenue Estimate of approximately $45 million with a Gross Margin of 31% Expects FY 2024 Year Operating Profit and Improved Adjusted EBITDA Expects FY2025 Revenues to Exceed $60 million Driven by Renewed Demand from the Company's Largest End Users US EXIM Bank's recently approved Direct Loan of $51 expected to begin disbursements during CY Q1 2025 TORONTO, ON / ACCESSWIRE / November 27, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion ba
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ELVA
News
- Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 MillionAccesswire
- Electrovaya Inc. Closes US$11.1 Million Public Offering of Common Shares [Yahoo! Finance]Yahoo! Finance
- Electrovaya Inc. Closes US$11.1 Million Public Offering of Common SharesAccesswire
- Electrovaya EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Electrovaya 5.175M share Spot Secondary priced at $2.15 [Seeking Alpha]Seeking Alpha
ELVA
Sec Filings
- 12/26/24 - Form 40-F
- 12/23/24 - Form SCHEDULE
- 12/18/24 - Form 6-K
- ELVA's page on the SEC website