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Electrovaya (TSE:ELVA)
TSX:ELVA
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.01Last Year’s EPS
0Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2018
|% Change Since: -9.30%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
Electrovaya's earnings call highlighted strong financial improvements with record revenue, positive EBITDA, improved gross margins, and a significant loan approval for expansion. However, the company faced challenges with delayed orders and a net loss, though these were balanced by strategic growth plans and strong market demand.Company Guidance
During the Electrovaya Q4 2024 earnings call, executives provided guidance on several key metrics, highlighting the company's strong performance and future outlook. The company achieved record revenue of $44.6 million for fiscal year 2024, with Q4 revenue at $11.6 million. Electrovaya reported a sixth consecutive quarter of positive adjusted EBITDA, which grew to $4.1 million for the year. Gross margins improved to over 30%, with battery system margins slightly higher at 31.3%. Electrovaya also secured a $51 million direct loan from the Export-Import Bank of the United States to expand its manufacturing capabilities in Jamestown, New York. The company anticipates revenue growth exceeding $60 million in fiscal 2025, driven by robust customer demand and expanding market opportunities. Additionally, Electrovaya generated positive cash flow from operations, significantly improving financial stability, and reduced its net loss to $1.4 million for the fiscal year. Looking forward, the company expects to leverage its domestic manufacturing to enhance profitability and expand into new verticals, such as defense and construction equipment.Record Revenue and Positive EBITDA
Electrovaya achieved record revenue and marked its sixth consecutive quarter of positive adjusted EBITDA. Revenue for fiscal 2024 was $44.6 million, slightly higher than $44.1 million in fiscal 2023, and Q4 revenue was $11.6 million.
Improved Financial Performance
The company achieved positive cash flow from operations for the first time and significantly improved gross margins to over 30%. Gross margin for fiscal year 2024 was 30.7%, up from 26.9% in the previous year.
EXIM Bank Loan Approval
Electrovaya secured a $51 million direct loan approval from the Export-Import Bank of the United States to expand lithium-ion cell manufacturing in Jamestown, New York.
Strong Material Handling Demand
Increasing demand for material handling battery products, with orders from a leading Fortune 500 retailer and renewed demand from a Fortune 100 e-commerce company.
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TSE:ELVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ELVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | C$3.98 | C$3.60 | -9.55% |
| Aug 13, 2024 | C$2.79 | C$2.72 | -2.51% |
| May 14, 2024 | C$4.65 | C$4.30 | -7.53% |
| Feb 12, 2024 | C$5.74 | C$5.38 | -6.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Electrovaya (TSE:ELVA) report earnings?
Electrovaya (TSE:ELVA) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Electrovaya (TSE:ELVA) earnings time?
Electrovaya (TSE:ELVA) earnings time is at Feb 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ELVA EPS forecast?
TSE:ELVA EPS forecast for the fiscal quarter 2025 (Q1) is -0.01.
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