Earnings ·
Electrovaya Inc. reported unaudited financial results for the nine months ended June 30, 2026, showing revenue growth…
ELVAElectrovaya Inc.
Electrovaya Inc. reported unaudited financial results for the nine months ended June 30, 2026, showing revenue growth to $51.3 million from $43.3 million in the prior year period and a net profit of $2.4 million compared to $1.3 million previously. The company revised its full-year fiscal 2026 normalized revenue guidance downward to approximately $70–$73 million, citing timing delays in customer programs and material handling pushouts. During the period, Electrovaya raised approximately $28.1 million through a public offering of common shares at $5.20 per share and exercised warrants for an additional $1.2 million. Cash balances increased to $13.1 million as of June 30, 2026. The company operates in the lithium-ion battery technology sector, designing and manufacturing advanced battery cells, modules, and systems for energy storage and electric transportation.