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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 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.97M | 44.59M | 43.37M | 19.17M | 9.92M | 13.66M |
| Gross Profit | 9.82M | 13.66M | 11.16M | 4.33M | 2.26M | 4.07M |
| EBITDA | 2.10M | 2.92M | 1.25M | -6.42M | -4.55M | 4.42M |
| Net Income | -858.00K | -1.49M | -1.48M | -6.55M | -7.53M | 1.11M |
Balance Sheet | ||||||
| Total Assets | 45.07M | 39.48M | 36.51M | 18.08M | 14.98M | 10.64M |
| Cash, Cash Equivalents and Short-Term Investments | 8.17M | 781.00K | 1.03M | 626.00K | 4.20M | 1.12M |
| Total Debt | 17.37M | 20.77M | 19.03M | 19.11M | 11.53M | 12.81M |
| Total Liabilities | 25.01M | 30.90M | 29.37M | 24.00M | 16.67M | 19.36M |
| Stockholders Equity | 20.06M | 8.59M | 7.15M | -5.92M | -1.70M | -8.71M |
Cash Flow | ||||||
| Free Cash Flow | 1.99M | 913.00K | -5.36M | -11.86M | -8.68M | -3.94M |
| Operating Cash Flow | 2.03M | 1.04M | -4.86M | -11.81M | -8.12M | -3.90M |
| Investing Cash Flow | -281.00K | -666.00K | -903.00K | -423.00K | -560.00K | -115.00K |
| Financing Cash Flow | 5.37M | -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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $179.28M | ― | -0.21% | ― | 2.20% | 89.34% | |
65 Neutral | $10.56B | 15.49 | 5.57% | 1.96% | 2.71% | -26.28% | |
49 Neutral | $39.17M | ― | -3009.52% | ― | 310.92% | -69.91% | |
48 Neutral | C$5.46M | ― | -1239.25% | ― | -7.76% | -2.15% | |
47 Neutral | C$17.02M | ― | -200.00% | ― | 177.07% | 29.71% |
Electrovaya Corporate Events
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.
Electrovaya Inc. has commenced battery system assembly operations at its Jamestown, New York facility, marking a significant milestone in its manufacturing investment in the region. The company plans to expand operations in response to growing demand and aims to start lithium-ion cell and module production by mid-2026. With over $40 million in capital equipment orders funded by a $51 million loan from the Export Import Bank of the United States, Electrovaya is positioning itself to become a leading domestic lithium-ion battery manufacturer in the U.S., supporting its strategic growth and strengthening its market presence.
Electrovaya Inc. has been awarded the Make More in America Deal of the Year Award at the Export-Import Bank of the United States’ 2025 Annual Conference. This recognition highlights Electrovaya’s commitment to onshoring lithium-ion battery manufacturing to the U.S., supported by a $51 million loan from EXIM to expand its production capacity in Jamestown, New York. The expansion is expected to create 290 U.S. jobs and shift a significant portion of production from Asia to the U.S., enhancing the company’s market presence and contributing to U.S. economic security.
Electrovaya Inc. announced the release date for its Q2 2025 financial results, which will be disclosed on May 14, 2025, 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.
Electrovaya Inc. announced its participation in the Advanced Clean Transportation Expo 2025, where it will showcase its latest lithium-ion battery modules and systems manufactured in the USA. These products, designed for mission-critical and heavy-duty applications, highlight Electrovaya’s focus on safety and longevity, potentially enhancing its market position in the electric vehicle industry.
Electrovaya Inc. announced the appointment of Prof. Donald R. Sadoway, a renowned scientist and MIT professor, to its Board of Directors. Sadoway’s expertise in battery technology and environmentally sound metals extraction is expected to enhance Electrovaya’s efforts in accelerating the energy transition and strengthening its position in the lithium-ion battery industry.
Electrovaya Inc. announced that its CEO, Dr. Raj DasGupta, will participate in a panel discussion on strengthening domestic manufacturing at the 2025 EXIM Bank Annual Conference in Washington, DC. The company recently secured a US$50.8 million loan from EXIM to expand its battery manufacturing facility in Jamestown, New York, addressing the growing demand for its products. This move is part of Electrovaya’s strategy to enhance its manufacturing capabilities in the U.S., focusing on producing its proprietary Infinity lithium-ion ceramic cells known for their longevity and safety.
Electrovaya has secured a significant purchase order valued at $8.7 million from a leading Fortune 500 retailer in the United States to supply batteries for material handling electric vehicles at three distribution centers. This order follows a previous $4.1 million order from the same customer and is part of a broader fleet conversion strategy, indicating strong ongoing demand for Electrovaya’s battery solutions and potential for further expansion in 2025 and 2026.
Electrovaya Inc. announced the approval of all resolutions at its 2024 Annual General Meeting, including the election of six directors with over 97% of votes in favor. The re-appointment of MNP LLP as auditors was also confirmed. This outcome reflects strong shareholder support and positions Electrovaya for continued leadership in the energy storage and electric vehicle sectors.
Electrovaya Inc. announced that all resolutions at its 2024 Annual General Meeting were approved, with six directors re-elected by a significant majority. The re-appointment of MNP LLP as auditors was also confirmed, reflecting strong shareholder support and stability in the company’s governance. This outcome reinforces Electrovaya’s strategic direction and operational continuity, potentially strengthening its industry position and stakeholder confidence.