Financial PerformanceElectrovaya reported a 40% year-over-year increase in net revenues for the quarter, highlighting strong financial performance.
ProfitabilityThe company realized a net profit of $0.8M in the quarter, compared to a net loss in the previous year, indicating improved profitability.
Revenue PotentialElectrovaya secured $25M in new orders and has an $80M firm purchase order backlog, suggesting strong future revenue potential.