Earnings ·
Electrovaya Inc. reported fiscal third quarter and nine-month results ending June 30, 2026
ELVAElectrovaya Inc.
Electrovaya Inc. reported fiscal third quarter and nine-month results ending June 30, 2026. Revenue for Q3 reached $17.7 million, up 3% year-over-year, while the nine-month total was $51.3 million, an 18% increase. The company achieved a record quarterly gross margin of 34.9% and record Adjusted EBITDA of $3.7 million. Net profit for Q3 was $0.3 million, marking six consecutive quarters of profitability; nine-month net income totaled $2.4 million. Cash balances rose to $13.1 million from $6.4 million at year-end. The company revised its full-year 2026 revenue guidance downward to a range of $70–$73 million, citing timing shifts in customer programs and material handling pushouts. Strategic developments include a commercial agreement with Amazon involving warrants for up to 13.9 million shares upon reaching $280 million in cumulative purchases, and the launch of the ElvaPulse™ 1500 stationary energy storage system. Electrovaya operates in the lithium-ion battery technology sector, designing and manufacturing advanced battery cells, modules, and systems for industrial, transportation, and energy storage applications.