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Electrovaya (TSE:ELVA)
TSX:ELVA
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.04Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -6.05%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong financial performance, strategic expansions, and positive sales momentum countered by revenue decline, net loss increase, and customer delivery delays. The company's future growth plans and financial strength were positively highlighted, yet certain challenges remain.Company Guidance
In the Q1 2025 financial results call, Electrovaya reported strong performance metrics including $11.2 million in revenue with gross margins exceeding 30%. The company achieved positive adjusted EBITDA for the seventh consecutive quarter. Significant developments included securing a $51 million loan approval from the Export-Import Bank of the United States to expand lithium-ion cell manufacturing in Jamestown, New York, and raising $12.8 million in equity to support this expansion. The company expects to commence commercial operations in Jamestown by April 2025. Electrovaya reiterated its revenue guidance for 2025, projecting a ramp-up starting in Q2, with a breakeven target at $50 million. Operational highlights included growing sales momentum with OEM partners, a newly introduced leasing program, and strategic progress in solid-state battery development.Strong Financial Performance
Electrovaya delivered $11.2 million in revenue with over 30% margins and the seventh consecutive quarter of positive adjusted EBITDA.
EXIM Bank Loan Approval
Secured a $51 million direct loan approval from the Export-Import Bank of the United States to expand lithium ion cell manufacturing in Jamestown, New York.
Successful Equity Raise
Completed an equity raise with gross proceeds of $12.8 million, strengthening the balance sheet and financial position.
Expansion Plans
Accelerated plans for battery system assembly operations at the Jamestown facility, with commercial operations expected to commence by April 2025.
Growing Sales Momentum
Good sales momentum from material handling OEM partners and new leasing program generating high sales interest.
Positive Cash Flow
Generated positive cash flow provided by operation activities of $1 million in Q1 2025.
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TSE:ELVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ELVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | C$3.47 | C$3.56 | +2.59% |
| Dec 12, 2024 | C$3.98 | C$3.60 | -9.55% |
| Aug 13, 2024 | C$2.79 | C$2.72 | -2.51% |
| May 14, 2024 | C$4.65 | C$4.30 | -7.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Electrovaya (TSE:ELVA) report earnings?
Electrovaya (TSE:ELVA) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Electrovaya (TSE:ELVA) earnings time?
Electrovaya (TSE:ELVA) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ELVA EPS forecast?
TSE:ELVA EPS forecast for the fiscal quarter 2025 (Q2) is 0.04.
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