Electrovaya Inc. reported its financial results for the first quarter of fiscal year 2025, ending December 31, 2024, on February 13, 2025. The company achieved revenue of $11.2 million for the quarter.
The report highlighted positive Adjusted EBITDA for the seventh consecutive quarter, demonstrating consistent operational profitability. Electrovaya also reaffirmed its fiscal year 2025 revenue guidance, expecting it to exceed $60 million, driven by a strong order pipeline.
The company noted significant progress in closing its EXIM and bank financing, which will support its U.S. manufacturing expansion and overall growth plans. These financial results underscore Electrovaya's continued momentum and strategic execution.
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