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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