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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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.88M | 44.59M | 43.37M | 15.62M | 9.92M | 13.66M |
| Gross Profit | 16.33M | 13.66M | 11.16M | 4.33M | 2.26M | 4.07M |
| EBITDA | 5.40M | 2.92M | 1.25M | -6.42M | -4.55M | 4.42M |
| Net Income | 1.20M | -1.49M | -1.48M | -9.21M | -7.53M | 1.11M |
Balance Sheet | ||||||
| Total Assets | 53.87M | 39.48M | 36.51M | 18.08M | 14.98M | 10.64M |
| Cash, Cash Equivalents and Short-Term Investments | 1.29M | 781.00K | 1.03M | 626.00K | 4.20M | 1.12M |
| Total Debt | 20.82M | 20.77M | 19.03M | 19.11M | 11.53M | 12.81M |
| Total Liabilities | 31.54M | 30.90M | 29.37M | 24.00M | 16.67M | 19.36M |
| Stockholders Equity | 22.33M | 8.59M | 7.15M | -5.92M | -1.70M | -8.71M |
Cash Flow | ||||||
| Free Cash Flow | -6.90M | 913.00K | -5.36M | -11.86M | -8.68M | -3.94M |
| Operating Cash Flow | -4.47M | 1.04M | -4.86M | -11.81M | -8.12M | -3.90M |
| Investing Cash Flow | -2.72M | -666.00K | -903.00K | -423.00K | -560.00K | -115.00K |
| Financing Cash Flow | 7.92M | -629.00K | 6.20M | 9.52M | 10.92M | 3.56M |
Electrovaya Technical Analysis
Electrovaya Peers Comparison
Electrovaya Corporate Events
Electrovaya Inc. reported preliminary unaudited revenues of $20 million for Q4 FY2025 and $64 million for the full fiscal year, marking record highs and surpassing internal guidance by over 5%. This growth, driven by strong demand for its material handling battery systems and initial deliveries of robotic battery products, underscores a 43% annual revenue increase, highlighting the company’s robust market positioning and expansion efforts.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. has begun drawdowns on its $50.8 million loan facility from the Export-Import Bank of the United States to support the construction and equipment expenses at its Jamestown, NY facility. This financial move is part of Electrovaya’s strategic efforts to advance its battery manufacturing capabilities, with the company making significant progress in site construction and engineering. The company has also strengthened its team by hiring a senior engineering lead and additional staff to support its operations. These developments are expected to bolster Electrovaya’s position in the lithium-ion battery industry and enhance its manufacturing capacity.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya has announced the launch of its advanced Energy Storage Systems (ESS) featuring its proprietary Infinity Technology, aimed at meeting the growing demand for safe, durable, and cost-effective stationary energy storage solutions. The systems, manufactured in the USA, offer over 2MWh of storage capacity and are designed for a variety of applications, including grid support and renewable energy integration. The company’s vertical integration and U.S.-based manufacturing position it strategically in the North American energy storage market, with eligibility for significant Investment Tax Credits under U.S. policy frameworks. This launch extends Electrovaya’s capabilities into the stationary market, offering a differentiated value proposition with improved safety and longevity compared to conventional systems.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. has successfully shipped its first custom battery modules to a global Japanese construction equipment OEM, marking a significant milestone in its expansion into the Japanese market. These modules, featuring a new 51Ah cell format with enhanced safety and performance, are expected to meet growing demand in the industrial and heavy-duty vehicle sectors, further solidifying Electrovaya’s market leadership.
The most recent analyst rating on (TSE:ELVA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Electrovaya stock, see the TSE:ELVA Stock Forecast page.
Electrovaya Inc. released its unaudited condensed interim consolidated financial statements for the three and nine-month periods ending June 30, 2025. The company reported a significant increase in revenue, with a gross margin improvement compared to the previous year. This financial performance indicates a positive trajectory for Electrovaya, showcasing its ability to enhance operational efficiency and strengthen its market position.
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 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.