ELVA Earnings Prediction
The chart below shows how ELVA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ELVA sees a +1.59% change in stock price 10 days leading up to the earnings, and a -6.07% change 10 days following the report. On the earnings day itself, the stock moves by +0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
ELVA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
11.55M
-24.43%
12.47%
Gross Margin
23.03%
-6.38%
-23.69%
Operating Margin
4.46%
3.72%
-174.09%
Net Margin
-0.99%
7.61%
-68.57%
EPS
-0.00
--
-100.00%
No Data Available
ELVA Earnings Analysis
Electrovaya Inc. Common Shares Corporation (ELVA.O) Earnings Conference Call
Positive
Record Revenue and EBITDA: We delivered record revenue and achieved our sixth consecutive quarter of positive adjusted EBITDA, signaling sustained operational and financial strength.
Positive Cash Flow Achievement: For the first time, we generated positive cash flow from operations and significantly improved our gross margins to over 30%, showcasing our commitment to efficiency and profitability.
Loan Approval for Expansion: We secured a $51 million direct loan approval from the Export-Import Bank of the United States under the bank's Make More in America initiative, a pivotal step towards expanding our lithium-ion cell manufacturing in Jamestown, New York.
Manufacturing Capacity Expansion: We anticipate starting commercial cell manufacturing operations in the Jamestown facility in the first half of calendar 2026 and battery system manufacturing in 2025, which will substantially expand our capacity and enable larger-scale projects.
Projected Revenue Growth: We expect revenue growth in fiscal year 2025 to exceed $60 million, driven by robust customer demand and expanding opportunities in both existing and new markets.
Negative
Fiscal Revenue Comparison: Revenue for fiscal 2024 was $44.6 million compared to $44.1 million in fiscal 2023, with Q4 coming in at $11.6 million, a slight increase year-over-year.
Order Delays Impact: We had $20 million of orders pushed out of fiscal 2024 as a result of customer delays and there were almost no orders from our largest end user.
Gross Margin Improvement: Gross margin for fiscal year 2024 was 30.7%, a significant increase compared to 26.9% in the prior fiscal year, translating into an additional $1.8 million of gross profit.
Net Loss Stability: Our net loss for fiscal year 2024 was $1.4 million, which is flat compared to the prior year.
Debt Increase Analysis: Total debt was $18.4 million compared to $16.3 million in the prior year.
ELVA FAQs
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ELVA Earning Call Sentiment
Electrovaya Inc. (ELVA) Q4 2024 Earnings Call Transcript
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00:00
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ELVA.O
-4.18%Positive
The earnings call highlights several positive aspects: steady revenue growth, improved gross margins, and positive cash flow. The partnership with Sumitomo and the secured EXIM loan are significant positives, supporting future growth and customer excitement. The Q&A insights indicate strong future orders and potential margin improvements with the Jamestown facility. While there are some uncertainties, such as regulatory risks and unclear timelines for certain projects, the overall sentiment, especially with optimistic guidance and non-dilutive financing, suggests a positive stock price movement in the short term.
