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Electrovaya
(TSX:ELVA)
Electrovaya (ELVA) vs. iShares MSCI Canada ETF (EWC)
Electrovaya Business Overview & Revenue Model
Electrovaya Earnings Call Summary
Electrovaya Financial Statement Overview
| Breakdown | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.59M | 43.37M | 19.17M | 9.92M | 13.66M |
| Gross Profit | 13.66M | 11.16M | 4.33M | 2.26M | 4.07M |
| EBITDA | 2.92M | 1.25M | -6.42M | -4.55M | 4.42M |
| Net Income | -1.49M | -1.48M | -6.55M | -7.53M | 1.11M |
Balance Sheet | |||||
| Total Assets | 39.48M | 36.51M | 18.08M | 14.98M | 10.64M |
| Cash, Cash Equivalents and Short-Term Investments | 781.00K | 1.03M | 626.00K | 4.20M | 1.12M |
| Total Debt | 20.77M | 19.03M | 19.11M | 11.53M | 12.81M |
| Total Liabilities | 30.90M | 29.37M | 24.00M | 16.67M | 19.36M |
| Stockholders Equity | 8.59M | 7.15M | -5.92M | -1.70M | -8.71M |
Cash Flow | |||||
| Free Cash Flow | 913.00K | -5.36M | -11.86M | -8.68M | -3.94M |
| Operating Cash Flow | 1.04M | -4.86M | -11.81M | -8.12M | -3.90M |
| Investing Cash Flow | -666.00K | -903.00K | -423.00K | -560.00K | -115.00K |
| Financing Cash Flow | -629.00K | 6.20M | 9.52M | 10.92M | 3.56M |
Electrovaya Technical Analysis
Electrovaya Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $322.46M | 203.03 | 8.02% | ― | 17.08% | ― | |
63 Neutral | $10.70B | 15.26 | 7.37% | 2.02% | 2.87% | -14.59% | |
| ― | C$4.97M | ― | ― | ― | ― | ||
47 Neutral | C$19.15M | ― | -341.84% | ― | 27.76% | -0.37% | |
40 Neutral | C$5.46M | ― | -1239.25% | ― | -3.93% | -27.37% | |
| ― | $6.20M | ― | -405.71% | ― | ― | ― | |
| ― | $1.51M | ― | ― | ― | ― |
Electrovaya Corporate Events
Electrovaya reported a 67% year-over-year increase in revenue to $17.1 million for Q3 FY2025, with a positive adjusted EBITDA of $2.9 million, marking the ninth consecutive quarter of profitability. The company secured over $21 million in orders during the quarter and expanded its manufacturing capacity to meet growing demand. Electrovaya continues to enhance its Infinity product line and develop new products for emerging verticals, including robotics and defense, positioning itself for significant growth opportunities in these markets.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya has launched multiple battery system products designed for airport ground support equipment (GSE), marking a significant step into the aviation sector. These systems, developed in collaboration with a major OEM supplier, will be first delivered in August and showcased at the International GSE Expo in Las Vegas. This launch represents a strategic expansion for Electrovaya, leveraging its proprietary lithium-ion Infinity technology known for enhanced safety and robust performance, catering to the growing demand for cleaner and more efficient airport operations.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. announced the release of its third-quarter financial results for 2025, scheduled for August 13, 2025, after market close, followed by a conference call hosted by CEO Dr. Raj DasGupta and CFO John Gibson. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction, potentially impacting its market positioning and future operations.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. announced it will release its third quarter financial results for 2025 on August 13, followed by a conference call hosted by the CEO and CFO to discuss the results and provide a business update. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction, potentially impacting its market positioning and investor confidence.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya has launched multiple battery system products for robotic vehicle platforms in collaboration with three leading OEMs, two in the USA and one in Japan. These products target the rapidly growing robotics segment, offering long run times and rapid wireless charging, with initial deliveries starting this quarter and commercial deliveries expected to accelerate from FY 2026 onwards. This strategic move aligns with Electrovaya’s strengths in lithium-ion technology and positions the company to capitalize on the expanding robotics market, driven by advancements in AI.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. announced a new purchase order of approximately US$4.5 million from a leading Fortune 100 e-commerce company, increasing the total demand from this customer to over US$20 million in fiscal 2025. This order highlights the continued demand for Electrovaya’s Infinity battery systems, which are used to power material handling electric vehicles at distribution centers across North America. The company’s collaboration with this major client underscores its role in supporting the transition to clean energy solutions in logistics operations, potentially enhancing its industry positioning and stakeholder value.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya has achieved UL2580 certification for 448 models of its next-generation lithium-ion battery systems, which include enhanced performance features and will be mass-produced in Jamestown, NY. This certification, which involves rigorous safety testing, strengthens Electrovaya’s market position in the industrial and heavy-duty vehicle sectors, particularly in the material handling industry, which constitutes a significant portion of its revenue.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya has entered into a Commercial Supply Agreement with Janus Electric to provide advanced lithium-ion battery systems for electrifying Class 8 trucks in Australia and the US. This partnership marks Electrovaya’s expansion into the heavy-duty truck sector, leveraging its Infinity cell technology to meet the demanding requirements of long-haul transportation. The collaboration aligns with both companies’ sustainability goals and positions them to address the growing demand for clean energy solutions in the transportation industry.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. announced its participation in the ROTH 15th Annual London Conference, highlighting its commitment to engaging with the global financial community. CEO Dr. Raj DasGupta will meet with European institutional investors to discuss the company’s strategic initiatives and growth outlook, which may enhance Electrovaya’s industry positioning and stakeholder engagement.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. has secured an additional US$6.3 million order from a Fortune 100 e-commerce company in the United States, bringing the total orders from this customer to over $16 million for the fiscal year. The batteries will be used to power material handling electric vehicles across multiple distribution centers, with further orders anticipated. This development underscores Electrovaya’s role in providing clean and sustainable energy solutions and strengthens its position in the market for lithium-ion battery technology.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. announced an investor webcast presentation scheduled for June 3, 2025, where CEO Dr. Raj DasGupta and CFO John Gibson will discuss the company’s corporate strategy, business model, and advanced battery technology. This event signifies Electrovaya’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya reported a 40% year-over-year increase in revenue to $15 million for Q2 2025, marking its eighth consecutive quarter of positive adjusted EBITDA. The company achieved a net profit of $0.8 million and maintained strong margins. Electrovaya secured significant financing, including a $51 million loan from the Export-Import Bank of the United States and a $20 million working capital facility from the Bank of Montreal, to support its manufacturing expansion in New York. The company is also expanding into new market verticals and growing its recurring revenue base, positioning itself for sustained growth and innovation in the lithium-ion battery sector.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.