Record-Breaking Revenue and Growth
Electrovaya achieved a second consecutive quarterly profit with revenue growing 67% year-over-year to over $17 million. Adjusted EBITDA was nearly $3 million, representing about 17% of revenue.
Strong Order Pipeline
The company secured more than $21 million worth of orders in Q3, bringing total orders to over $65 million for the 9 months ending June 30, 2025.
Expansion into New Sectors
Electrovaya announced entry into the airport ground equipment sector and is focusing on the robotics sector, which is experiencing rapid growth.
Positive Financial Metrics
Operating profit for Q3 2025 was $2 million, a significant increase from an operating loss of $0.6 million in Q3 2024. Net profit for Q3 2025 was $0.9 million, a turnaround from a net loss of $0.3 million in the prior year.
Advanced Technology Development
Electrovaya is actively developing a next-generation ceramic separator for its Infinity battery products and working on solid-state battery development.