Reports Q1 revenue $6.65M vs $590k last year. “Our first quarter performance demonstrates the strength of our multi-channel growth strategy and the increasing market adoption of distributed energy storage solutions,” said Ardes Johnson, Chief Executive Officer of NeoVolta (NEOV). “We delivered $6.7 million in revenue, representing over 1,000% year-over-year growth and marking our fourth consecutive record quarter. This momentum reflects successful expansion beyond our traditional Southern California installer base into broader U.S. distribution networks, increased approvals on utility vendor lists beyond California, and an expanded installer footprint with existing distributors.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEOV:
- NeoVolta sees Q1 revenue over $6.5M, up 1000% year-over-year
- NeoVolta closes purchase of strategic assets of Neubau Energy
- NeoVolta to acquire Neubau Energy
- NeoVolta Expands Portfolio With Neubau Energy Acquisition, Targeting Higher Revenues and Margins
- NeoVolta Expands with Key Acquisition and Leadership Changes
