Electrovaya Inc. has reported its financial results for the fourth quarter and fiscal year ended September 30, 2024. A revenue of $44.6M with $4M Adjusted EBITDA1 was reported (6th Consecutive Positive Quarter). Results showed a historic positive cash flow from operations and improved gross margins. Approval of a $51million direct loan from The Export-Import Bank of the United States is expected to fund Electrovaya’s lithium ion cell and battery manufacturing facility in Jamestown, New York.

Electrovaya Inc., a leading lithium-ion battery technology and manufacturing company, is a client of our Bristol Investor Relations firm in Toronto, Canada.

Read the full press release here: Electrovaya Reports Fiscal Year 2024 Results