Electrovaya Reports Fiscal 2024 Preliminary Revenue, Fiscal 2025 Revenue Guidance Set-March 2024-www.financetom.com

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

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

Nov 27, 2024 5:38 AM

08:13 AM EST, 11/27/2024 (MT Newswires) -- 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 ( ELVA ) were up more than 5% in recent Wednesday premarket activity.

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

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