Electrovaya Q3 revenue up 67%

Electrovaya

13/08/2025 21:10

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

(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.)