04:34 PM EST, 02/12/2026 (MT Newswires) -- Electrovaya ( ELVA ) was last seen down 7.8% in after-hours Nasdaq trading after the company on Thursday reporting a fiscal first-quarter profit on higher revenue.

The battery company earned US$1.0 million, or US$0.02, for the quarter ended Dec. 31, compared with a loss of US$0.42 million, or US$0.01 a year earlier. The result exceeded the FactSet consensus estimates for a profit of US$0.01 per share.

Revenue rose 39% year over year to US$15.55 million from US$11.17 million. It missed US$16.7 million estimates compiled by FactSet

Adjusted EBITDA increased to US$2.0 million from US$0.5 million in the first quarter of fiscal 2025. The company said it marked its eleventh consecutive quarter of positive adjusted EBITDA.

Management reaffirmed FY2026 revenue guidance above US$83 million and highlighted progress on ultra-fast charging cells, 800V systems, Jamestown manufacturing expansion and new OEM deliveries, though it noted some anticipated revenue could be deferred into FY2027.

Company expects sampling of an ultra-fast cell in 2026 and commercialization in 2027; Jamestown equipment deliveries and hiring underway, it added.

"The first quarter of our fiscal year is typically a lower revenue-generating period due to seasonality of our core material handling vertical and the close correlation of our business with large retailers. However, during the first quarter of Fiscal 2026, we continued to make meaningful progress across our core markets and strategic initiatives, while also achieving our year-over-year growth and profitability targets," stated chief executive Raj DasGupta.

The company's shares were last seen down US$0.68 to US$8.07 after-hours. They closed down C$0.72 to C$11.86 on the Toronto Stock Exchange.