Canada's Electrovaya Q1 revenue up 39% yr/yr

Electrovaya

12/02/2026 21:09

Overview

Lithium-ion battery firm's Q1 FY 2026 revenue rose 39% yr/yr to $15.5 mln

Adjusted EBITDA increased 265% yr/yr to $2 mln

Company reaffirms fiscal 2026 revenue guidance exceeding $83 mln

Outlook

Electrovaya reaffirms fiscal 2026 revenue guidance exceeding $83 mln

Electrovaya targets commercialization of ultra-fast charging technology in 2027

Result Drivers

MARKET EXPANSION - Co initiated deliveries to new markets, including defense and robotics, and established a subsidiary in Japan to support Asia-Pacific growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$15.50 mln
Q1 Net Income
$1 mln
Q1 Adjusted EBITDA
$2 mln
Q1 Gross Margin
32.90%


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Electrovaya Inc is $9.50, about 2% above its February 11 closing price of $9.31

The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nACS2VwdGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)