| Electrovaya Inc. (ELVA) Q2 2025 Earnings Call Transcript |
Electrovaya Inc. (NASDAQ:ELVA ) Q2 2025 Earnings Conference Call May 14, 2025 5:00 PM ET Company Participants Dr. Rajshekar DasGupta - Chief Executive Officer John Gibson - Chief Financial Officer Conference Call Participants Daniel Magder - Raymond James Eric Stine - Craig-Hallum Craig Irwin - Roth Capital Sameer Joshi - H.C. Wainwright Jeffrey Campbell - Seaport Research Partners Aaron Martin - AIGH Investment Partners Operator Good day, everyone. |
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2025-05-15 02:01:49 |
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| Electrovaya Inc. (ELVA) Q2 Earnings and Revenues Miss Estimates |
Electrovaya Inc. (ELVA) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.02 per share a year ago. |
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2025-05-15 00:20:33 |
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| Electrovaya Reports Q2 Fiscal Year 2025 Results |
Revenue increased 40% y/y to $15.0M with Positive Adjusted EBITDA1 for Eighth Consecutive Quarter Adjusted EBITDA1 of $2.0M or 13% of revenue Net Profit for the quarter of $0.8M and EPS of $0.02 Reaffirms Fiscal 2025 Revenue Guidance Exceeding $60M, Driven by Strong Order Pipeline TORONTO, ONTARIO / ACCESS Newswire / May 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the second quarter of the fiscal year ending September 30, 2025 ("Q2 2025"). All dollar amounts are in U.S. dollars unless otherwise noted. |
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2025-05-14 20:00:00 |
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| Electrovaya Announces Start of Battery System Manufacturing in Jamestown, NY |
Key Milestone as part of Electrovaya's Manufacturing Investment in Jamestown, New York JAMESTOWN, NY / ACCESS Newswire / May 7, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it has commenced battery system assembly operations at its Jamestown, New York facility. These operations will continue to expand with growth in demand for Electrovaya's battery systems and as the Company gets closer to starting its lithium ion cell and module production which is estimated to begin in mid 2026. |
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2025-05-07 11:00:00 |
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| Electrovaya Receives the Make More in America Deal of the Year Award at Export-Import Bank of the United States' 2025 Annual Conference |
TORONTO, ON / ACCESS Newswire / April 30, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it has received the Make More in America Deal of the Year Award today at the Export-Import Bank of the United States' (EXIM) 2025 Annual Conference in recognition of the company's demonstrated commitment to onshoring critical lithium ion battery manufacturing to the U.S. With manufacturing in Jamestown, New York, Electrovaya is a dynamic business, specializing in the development and manufacturing of lithium-ion batteries for a variety of applications. In November 2024, the Board of Directors of EXIM approved a nearly $51 million direct loan to support the interior construction of a manufacturing facility and procure equipment for lithium-ion battery cell and module production lines that will aid in the company's increased production capacity. |
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2025-04-30 20:00:00 |
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| Electrovaya Announces Date for Q2-2025 Financial Results & Conference Call |
TORONTO, ON / ACCESS Newswire / April 23, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its second quarter financial results ending March 31, 2025, following the market close on Wednesday, May 14, 2025. This will be followed by a conference call at 5:00 p.m. |
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2025-04-23 21:00:00 |
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| Electrovaya to Showcase New Battery Products at the Advanced Clean Transportation (ACT) Expo 2025 |
Electrovaya's Latest Battery Modules and Battery Systems that will be Manufactured in the USA will be on display at the ACT EXPO from April 28-30th at the Anaheim Convention Center TORONTO, ON / ACCESS Newswire / April 22, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that that it will be exhibiting at the Advanced Clean Transportation ("ACT") Expo2025, taking place on April 28 - April 30, 2025, at the Anaheim Convention Center in California, USA. Electrovaya will be exhibiting at Booth #3421 , where it will be showcasing its latest lithium ion battery cells, modules and battery systems which will be manufactured at scale at its gigafactory in Jamestown, New York. |
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2025-04-22 11:00:00 |
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| Prof. Donald Sadoway of MIT, Joins the Electrovaya Board |
2012 Time Magazine: 100 most Influential People in the World TORONTO, ONTARIO / ACCESS Newswire / April 17, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced the appointment of Prof. Donald R. Sadoway to the Company's Board of Directors. |
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2025-04-17 11:00:00 |
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| Electrovaya Inc. (ELVA) Upgraded to Buy: Here's What You Should Know |
Electrovaya Inc. (ELVA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). |
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2025-04-16 17:05:29 |
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| Electrovaya Presenting at the 2025 EXIM Bank Annual Conference |
Electrovaya's CEO to Discuss Strengthening Domestic Manufacturing at the Annual Conference of Export-Import Bank of the United States(EXIM) in Washington DC TORONTO, ONTARIO / ACCESS Newswire / April 16, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced that its CEO, Dr. Raj DasGupta will be participating in a panel discussion focused on Strengthening Domestic Manufacturing at the Export-Import Bank of the United States (EXIM) 2025 Annual Conference. The conference will be held on Tuesday April 29 and Wednesday April 30 at the Omni Shoreham Hotel in Washington, DC. |
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2025-04-16 11:00:00 |
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| Electrovaya Receives Purchase Orders for Batteries from Fortune 500 Customer to Re-Power Three Existing Distribution Centers |
This purchase order, valued at $8.7 million, is a follow on from a December $4.1 million order, represents the continuation of the customer's fleet conversion strategy with potential further sites planned later in the year TORONTO, ON / ACCESS Newswire / April 1, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$8.7 million. The batteries will be used by a leading Fortune 500 retailer in the United States for powering material handling electric vehicles in three existing warehouse sites. |
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2025-04-01 11:00:00 |
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| Electrovaya Announces Results of Annual Meeting of Shareholders |
TORONTO, ON / ACCESS Newswire / March 31, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company")(NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, is pleased to announce that all of the resolutions that shareholders were asked to consider at its 2024 Annual General Meeting held on March 28th, 2025 in Toronto, Ontario, were approved. The six directors named in the management information circular of the Company, being Dr. Sankar Das Gupta, Dr. Raj Das Gupta, Dr. James Jacobs, Dr. Carolyn Hansson, Mr. |
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2025-03-31 11:00:00 |
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| Electrovaya Receives Additional US$7.3 Million Order for Fortune 100 Customer |
This purchase order is a follow on from a November 2024 $3.5 million order Further demands for additional sites expected later in the year TORONTO, ON / ACCESS Newswire / March 27, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received purchase orders through its OEM sales channel valued at approximately US$7.3 million. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Canada for powering material handling electric vehicles in multiple distribution centers. |
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2025-03-27 09:00:00 |
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| Electrovaya: Moving The Needle In 2026 So Buy In 2025 |
Electrovaya is poised for a multi-year revenue growth cycle, with a price target of $9.70, suggesting a 280% upside from today's price of $2.50. The company's technical advantage and proprietary ceramic separator create a strong competitive moat, leading to industry-leading cycle life and premium pricing. Expansion into new vertical markets and a US-based manufacturing facility will drive growth, supported by a crucial loan agreement and strategic partnerships. |
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2025-03-20 07:23:20 |
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| Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs |
Three year term includes an accordion of US$5.0 million expansion option to fuel future growth Lower-cost facility replaces existing debt, reducing servicing costs Supports operations in both the United States and Canada and enables financing from the United States Export-Import Bank ("EXIM") for Jamestown manufacturing investments TORONTO, ONTARIO / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a credit agreement with the Bank of Montreal Corporate Finance ("BMO") for a senior secured asset based lending facility (the "Facility") which includes a three year term and which includes the following features: Revolving asset based facility of US $20.0 Million Accordion of US $5.0 million to support further growth when required Ancillary credit products for foreign currency hedging and credit cards This facility lowers Electrovaya's cost of capital with reduced interest rates and fees, strengthening its financial position for expansion. The new Facility, with an initial three year term, will support Electrovaya's growth plans over the next few years and includes lending capabilities for both Electrovaya's US and Canadian operations. |
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2025-03-10 08:01:00 |
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| Electrovaya Closes $50.8 Million Direct Loan with Export-Import Bank of the United States (“EXIM”) to Expand U.S. Battery Manufacturing |
Funding Under EXIM‘s Make More in America Initiative to Fuel Expansion of Electrovaya's Jamestown Battery Manufacturing Facility Combination of EXIM Funding with $20 million BMO Credit Facility and $12 Million Equity Capital from December 2024 Provides Electrovaya with Over $80 million for Aggressive U.S. Expansion Electrovaya has Met Substantially All Condition Precedent Requirements to Drawdown on the EXIM Facility JAMESTOWN, NEW YORK / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. The Company has also met substantially all of EXIM's condition precedents required to begin drawdowns on the loan. |
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2025-03-10 08:00:00 |
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| Electrovaya Wins Orders From Second Global Japanese Headquartered Construction Equipment OEM |
Orders placed through Sumitomo Corporation Power & Mobility for high-voltage battery systems to be used by a Major Japanese Headquartered OEM's Vehicle Project TORONTO, ON / ACCESS Newswire / March 6, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that it has received orders from a second global construction OEM through its partnership with Sumitomo Corporation Power & Mobility ("SCPM"), a 100% subsidiary of Sumitomo Corporation (TYO:8053). This order is for high voltage battery systems for a leading global Japanese headquartered construction equipment manufacturer. |
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2025-03-06 09:00:00 |
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| Electrovaya Receives Additional US$4.2 Million Battery Order for Existing Cold Storage Operator |
Repeat order represents over $13 million in purchases by this end user with further plans to add incremental batteries to their existing facilities as well as batteries for new construction sites TORONTO, ON / ACCESS Newswire / March 4, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order through its OEM sales channel valued at approximately US$4.2 million. The batteries will be used by a rapidly growing cold storage third party logistics operator in the United States for powering material handling electric vehicles. |
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2025-03-04 09:00:00 |
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| Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations |
The Initial Assembly of Battery Systems is Part of a Larger Planned Investment in Jamestown, New York. JAMESTOWN, NY / ACCESS Newswire / March 3, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it is completing preparations to be in a position to startup the first phase of battery system manufacturing operations in April 2025, earlier than initially planned. |
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2025-03-03 09:30:00 |
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| Electrovaya, Inc. (ELVA) Q1 2025 Earnings Call Transcript |
Electrovaya, Inc. (NASDAQ:ELVA ) Q1 2025 Earnings Conference Call February 13, 2025 5:00 PM ET Company Participants John Gibson - CFO Raj DasGupta - CEO Conference Call Participants Daniel Magder - Raymond James Eric Stine - Craig-Hallum Craig Irwin - Roth Capital Jeffrey Campbell - Seaport Research Partners Jeff Grampp - Alliance Global Partners Amit Dayal - H.C. Wainwright Operator Greetings. |
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2025-02-13 21:46:34 |
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| Electrovaya Inc. (ELVA) Reports Q1 Loss, Lags Revenue Estimates |
Electrovaya Inc. (ELVA) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to break-even earnings per share a year ago. |
zacks.com |
2025-02-13 20:51:17 |
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| Electrovaya Reports Q1 Fiscal Year 2025 Results |
Revenue of $11.2M and Positive Adjusted EBITDA for Seventh Consecutive Quarter Strengthened Balance Sheet and improved financial position Significant Progress in Closing EXIM and Bank Financing to support US Manufacturing Expansion and Overall Growth Plans Reaffirms Fiscal 2025 Revenue Guidance Exceeding $60M, Driven by Strong Order Pipeline TORONTO, ONTARIO / ACCESS Newswire / February 13, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the first quarter of the fiscal year ending September 30, 2025 ("Q1 2025"). All dollar amounts are in U.S. dollars unless otherwise noted. |
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2025-02-13 18:03:00 |
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| Electrovaya Announces Date for Q1-2025 Financial Results & Conference Call |
TORONTO, ON / ACCESS Newswire / February 3, 2025 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its first quarter financial results ending December 31, 2024, following the market close on Thursday, February 13, 2025. This will be followed by a conference call at 5:00 p.m. |
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2025-02-03 09:00:00 |
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| Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring |
The Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025 JAMESTOWN, NY / ACCESSWIRE / January 14, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has begun making capital investments for its planned Jamestown battery manufacturing facility along with hiring initial personnel. These initial procurements include battery system manufacturing and testing equipment along with awarding engineering work to prepare for further investments pertaining to planned cell manufacturing investments. |
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2025-01-14 09:00:00 |
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| Electrovaya Inc. Closes Full Exercise of Over-Allotment Option for an Additional US$1.7 Million |
TORONTO, ON / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce in connection with its previously completed public offering of 5,175,000 common shares in the capital of the Company (the "Common Shares") at the price of US$2.15 per Common Share (the "Offering Price") for gross proceeds of approximately US$11.1 million (the "Offering") that Roth Capital Partners, acting as sole book-running manager, and Raymond James Ltd. and Craig-Hallum Capital Group LLC acting as the co-lead book-running managers in the Offering, have purchased an additional 776,250 Common Shares at the Offering Price, for additional gross proceeds to the Company of US$1,668,937.50, before deducting the underwriting commissions, pursuant to their exercise in full of the over-allotment option (the "Over-Allotment Option"). |
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2024-12-18 17:15:00 |
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| Electrovaya Inc. Closes US$11.1 Million Public Offering of Common Shares |
TORONTO, ON / ACCESSWIRE / December 18, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, has successfully closed its previously announced public offering (the "Offering") of 5,175,000 common shares in the capital of the Company (the "Common Shares") at a price to the public of US$2.15 per Common Share (the "Offering Price") for gross proceeds of approximately US$11.1 million, before deducting the underwriting discounts and commissions and estimated expenses incurred in connection with the Offering. Roth Capital Partners ("Roth") acted as sole book-running manager, and Raymond James Ltd. |
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2024-12-18 11:48:00 |
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| Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares |
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, announced today the pricing of its previously announced public offering (the “Offering”) of 5,175,000 common shares in the capital of the Company (“Common Shares”) at a price to the public of US$2.15 per Common Share. |
globenewswire.com |
2024-12-17 10:19:00 |
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| Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement |
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). All of the shares are being offered by the Company. |
globenewswire.com |
2024-12-16 18:45:00 |
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| UL2580 Recognition for Electrovaya's Lithium Iron Phosphate Infinity Cell |
TORONTO, ON / ACCESSWIRE / December 16, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is proud to announce that its Infinity Series Lithium Ion Phosphate (LFP) based cell have successfully achieved UL2580 recognition. This milestone underscores the exceptional safety and reliability of Electrovaya's battery technology, meeting the rigorous safety standards set by UL2580, including the stringent external fire test (projectile test). |
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2024-12-16 09:00:00 |
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| Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript |
Electrovaya Inc. (NASDAQ:ELVA ) Q4 2024 Earnings Conference Call December 12, 2024 5:00 PM ET Company Participants John Gibson - Chief Financial Officer Raj DasGupta - Chief Executive Officer Conference Call Participants Eric Stine - Craig-Hallum Amit Dayal - H.C. Wainwright Jeff Grampp - Alliance Global Daniel Magder - Raymond James Orin Hirschman - AIGH Investments Operator Greetings. |
seekingalpha.com |
2024-12-12 21:24:24 |
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| Electrovaya Reports Fiscal Year 2024 Results |
Revenue of $44.6M with $4M Adjusted EBITDA1 (6th Consecutive Positive Quarter) Historic Positive Cash Flow from Operations and Improved Gross Margins Approval of $51million direct loan from The Export-Import Bank of the United States expected to fund Electrovaya's lithium ion cell and battery manufacturing facility in Jamestown, New York Removal of Going Concern note in the financial statements due to improved financial performance TORONTO, ON / ACCESSWIRE / December 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the fourth quarter and fiscal year ended September 30, 2024 ("Q4 2024" & "FY 2024", respectively). All dollar amounts are in U.S. dollars unless otherwise noted. |
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2024-12-12 18:00:00 |
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| Electrovaya Announces Date for Q4 and FY-2024 Financial Results & Conference Call |
TORONTO, ON / ACCESSWIRE / December 6, 2024 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it will file and release its fourth quarter and fiscal year ending September 30, 2024, following the market close on Thursday, December 12, 2024. This will be followed by a conference call at 5:00 p.m. |
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2024-12-06 09:00:00 |
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| Electrovaya to Host Investor Webcast on December 5, 2024 |
TORONTO, ON / ACCESSWIRE / December 4, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that it will host an investor webcast presentation on December 5, 2024 at 2:00 pm EST hosted by Bristol Capital. Electrovaya's CEO, Dr. Raj DasGupta and CFO, John Gibson will walk through the Company's corporate presentation. |
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2024-12-04 16:00:00 |
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| Electrovaya Provides a Shareholder Update including Unaudited Preliminary FY2024 Annual Financial Results and Positive Outlook for 2025 |
Unaudited FY2024 Revenue Estimate of approximately $45 million with a Gross Margin of 31% Expects FY 2024 Year Operating Profit and Improved Adjusted EBITDA Expects FY2025 Revenues to Exceed $60 million Driven by Renewed Demand from the Company's Largest End Users US EXIM Bank's recently approved Direct Loan of $51 expected to begin disbursements during CY Q1 2025 TORONTO, ON / ACCESSWIRE / November 27, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announced an unaudited Fiscal Year ("FY") 2024 ending 30th September, revenue update along with other business updates. All figures in this update are expressed in US dollars. |
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2024-11-27 09:00:00 |
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| Electrovaya: Mispriced Potential For Industry-Leading Battery Technology |
Electrovaya's Infinity Battery, with its superior cycle life and safety profile, is significantly undervalued by the market, presenting a strong buy opportunity. The company's strategic focus on heavy-duty applications and recent design wins in multiple verticals signal a prolonged growth stage. The Sumitomo agreement and the upcoming Jamestown facility build-out are game-changers, positioning Electrovaya for exponential growth. |
seekingalpha.com |
2024-11-25 06:59:10 |
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| Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing |
Electrovaya's High Voltage Battery Systems demonstrated strong reliability and performance in mission critical off-road defense application over several months of extensive testing TORONTO, ON / ACCESSWIRE / November 21, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA) a leading lithium-ion battery technology and manufacturing company, is pleased to announce follow-on order for Infinity-HV battery systems, from a global aerospace and defense company. "We are excited that our first Infinity-HV battery product, which shipped nearly a year ago, met the extreme performance requirements for this off-road autonomous defense application, which represents some of the most difficult validation testing available," said CEO, Dr. Raj DasGupta. |
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2024-11-21 09:00:00 |
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| The Export-Import Bank of the United States (EXIM) Approves a direct loan in the amount of $50.8 million to fund Electrovaya's Jamestown Lithium-Ion Battery Expansion |
Funding under EXIM‘s Make More in America initiative will fund equipment, engineering and setup costs for Electrovaya's Jamestown Battery Manufacturing Facility JAMESTOWN, NY / ACCESSWIRE / November 14, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has secured a direct loan in the amount of US$50.8 million from the Export-Import Bank of the United States ("EXIM") under the bank's ‘Make More in America' initiative. This financing will fund Electrovaya's battery manufacturing buildout in Jamestown, New York including equipment, engineering and setup costs for the facility. |
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2024-11-14 14:45:00 |
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| Electrovaya Receives US$3.5 million Order for Batteries for Use by Existing Fortune 100 Customer |
Customer is largest global end user of Company's batteries with more than 30 warehouse locations operating vehicles powered by Electrovaya batteries TORONTO, ON / ACCESSWIRE / November 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced it has received a purchase order valued at approximately US$3.5 million for immediate delivery of its batteries from one of its OEM sales channels. The batteries will be used by a leading Fortune 100 e-commerce company in the United States and Australia for powering material handling electric vehicles in its warehouse operations. |
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2024-11-12 09:00:00 |
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| Electrovaya Named One of Canada's Clean Technology Winners in Deloitte's Technology Fast 50TM Program |
TORONTO, ON / ACCESSWIRE / November 7, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has received a Clean Technology award as part of Deloitte's 2024 Technology Fast 50 program for the second consecutive year. Launched in 2021, this leadership category recognizes Canada's top clean innovators providing processes, goods, or services that reduce environmental impacts. |
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2024-11-07 09:00:00 |
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| Electrovaya to Attend Two Investor Conferences |
-15th Annual Craig-Hallum Alpha Select Conference- -UBS Global Industrials & Transportation Conference- TORONTO, ON / ACCESSWIRE / November 5, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya's CEO will be attending the following upcoming conferences: Event: 15th Annual Craig-Hallum Alpha Select Conference Date: November 19, 2024Location: Sheraton NY Times Square Hotel, New York, NYFormat: 1x1 Meetings For more information, please visit: https://www.meetmax.com/sched/event_110237/conference_home.html?bank_access=0&event_id=110237 Event: UBS Global Industrials & Transportation Conference Date: December 3-5, 2024Location: Eau Palm Beach Resort and Spa, Manalapan, FLFormat: 1x1 & Small Group Meetings/Fireside Presentations For more information, please visit: https://www.ubs.com/global/en/investment-bank/ib-conferences/americas/global-industrials-transportation-conference/overview.html Investor and Media Contact: Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc. jroy@electrovaya.com 905-855-4618 Brett MaasHayden IR elva@haydenir.com 646-536-7331 About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. |
accesswire.com |
2024-11-05 09:00:00 |
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| Electrovaya Receives Funding from the Government of Canada |
C$2 million in funding to support investments in Electrovaya's Canadian facility for automation and capacity enhancements TORONTO, ON / ACCESSWIRE / October 17, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, announced a C$2-million investment from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This funding will be used to support investments in automation, AI and capacity enhancements at Electrovaya's Mississauga, Ontario manufacturing facility. |
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2024-10-17 15:00:00 |
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| Electrovaya and Innovative Rail Technologies Enter into Strategic Supply Agreement for the Supply of Battery Systems for Electric Rail Applications |
Electrovaya to supply battery systems for IRT's full electric locomotives serving a variety of rail applications including industrial operations, ports, short line railroads, defense, and commuter rail TORONTO, ON / ACCESSWIRE / September 30, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium-ion battery technology and manufacturing company, today announced the establishment of a Strategic Supply Agreement with Innovative Rail Technologies, LLC (IRT). The Agreement will initially cover the supply of Electrovaya's Infinity battery systems for IRT's electric locomotive systems. |
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2024-09-30 11:00:00 |
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| Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer |
Entry into a new market sector of construction vehicles and new geographical market of Japan TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, today announced the receipt of its first purchase orders for pre-production battery modules to be provided to a global Japanese headquartered manufacturer of construction equipment. This will be part of an electric excavator program with an estimated scaled production start in 2026. |
accesswire.com |
2024-09-10 11:00:00 |
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| Electrovaya Inc. (ELVA) Q3 2024 Earnings Call Transcript |
Electrovaya Inc. (NASDAQ:ELVA ) Q3 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Rajshekar DasGupta - CEO John Gibson - CFO Conference Call Participants Eric Stine - Craig-Hallum Craig Irwin - ROTH Capital Partners Amit Dayal - H.C. Wainwright Operator Greetings. |
seekingalpha.com |
2024-08-14 01:34:01 |
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