Electrovaya Reports Fiscal 2024 Preliminary Revenue, Fiscal 2025 Revenue Guidance Set

MT Newswires Live

2024/11/27

Electrovaya (ELVA) said Wednesday that it expects fiscal 2024 preliminary revenue of $44.6 million.

Analysts polled by FactSet expect $45 million.

The company also said it expects fiscal 2025 revenue to be more than $60 million due to "renewed demand" from its largest end users of material handling batteries.

Analysts surveyed by FactSet expect $77.4 million.

Shares of Electrovaya were up more than 5% in recent Wednesday premarket activity.

Price: 2.87, Change: +0.14, Percent Change: +5.1

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