Electrovaya Inc. reported its financial results for the second quarter of fiscal year 2025, ending March 31, 2025, on May 14, 2025. The company announced revenue of $15.0 million, representing a substantial 40% increase year-over-year.
The report highlighted positive Adjusted EBITDA for the eighth consecutive quarter, reaching $2.0 million, or 13% of revenue. Crucially, Electrovaya achieved a net profit of $0.8 million for the quarter, with an EPS of $0.02.
Electrovaya reaffirmed its fiscal year 2025 revenue guidance, expecting it to exceed $60 million, driven by a strong order pipeline. These results demonstrate the company's continued operational efficiency and its ability to translate revenue growth into profitability.
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