Electrovaya (TSE:ELVA) has released an update.
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Electrovaya has reported a solid financial performance for fiscal year 2024, with revenue reaching $44.6 million and an adjusted EBITDA of $4 million, marking its sixth consecutive quarter of positive earnings. The company also announced a $51 million loan approval from the Export-Import Bank of the United States to support its lithium-ion cell and battery manufacturing facility in New York.
For further insights into TSE:ELVA stock, check out TipRanks’ Stock Analysis page.
