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Electrovaya Q3 revenue up 67%

ReutersAug 13, 2025 8:10 PM


Overview

  • Electrovaya fiscal Q3 revenue grows 67% y/y to $17.1 mln

  • Adjusted EBITDA rises 387% y/y to $2.9 mln, ninth consecutive positive qtr

  • Co reaffirms fiscal 2025 revenue guidance exceeding $60 mln


Outlook

  • Electrovaya reaffirms FY 2025 revenue guidance exceeding $60 mln

  • Company expects strong growth driven by demand from major end users

  • Electrovaya anticipates continued profitability and scaling operations


Result Drivers

  • OEM PARTNERS - Continued strong demand from OEM partners and end-customers in the material handling sector contributed to revenue growth

  • MANUFACTURING EXPANSION - Expanded manufacturing capacity with a second shift and new assembly operations to meet growing demand

  • TECHNOLOGY ADVANCEMENTS - Advancements in Infinity technology and expansion into new markets like robotics and airport equipment drive future growth


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$17.10 mln

Q3 Net Income

$900,000

Q3 Adjusted EBITDA

$2.90 mln

Q3 Gross Margin

30.8%


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • Wall Street's median 12-month price target for Electrovaya Inc is $7.25, about 30.6% above its August 12 closing price of $5.03

  • The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nACSSYJt6a

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