Electrovaya reports Q1 EPS 2c, consensus 1c

Reports Q1 revenue $15.55M, consensus $16.71M. Reports Q1 adjusted EBITDA $2M vs. $500,000 last year. “The first quarter of our fiscal year is typically a lower revenue-generating period due to seasonality of our core material handling vertical and the close correlation of our business with large retailers. However, during the first quarter of Fiscal 2026, we continued to make meaningful progress across our core markets and strategic initiatives, while also achieving our year-over-year growth and profitability targets,” stated Raj DasGupta, CEO of Electrovaya (ELVA). “We are expanding our offerings within material handling with new OEM-integrated high-voltage systems scheduled for initial deliveries in March, while also advancing our presence in defense, robotics, and airport ground equipment applications.”