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Complete financial analysis of Electrovaya Inc. (EFLVF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Electrovaya Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Electrovaya Inc. (EFLVF)
About Electrovaya Inc.
Electrovaya Inc., together with its subsidiaries, engages in the designing, developing, and manufacturing lithium-ion advanced battery and battery systems in North America. It offers lithium-ion batteries and systems for materials handling electric vehicles, including forklifts and automated guided vehicles, as well as battery chargers to charge the batteries; electromotive power products for electric trucks, electric buses, and other transportation applications; industrial products for energy storage; and power solutions, such as building systems for third parties. The company was formerly known as Electrofuel Inc. and changed its name to Electrovaya Inc. in March 2002. Electrovaya Inc. was incorporated in 1996 and is headquartered in Mississauga, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.37M | 15.62M | 9.92M | 13.67M | 4.42M | 5.63M | 2.28M | 19.54M | 16.57M | 7.40M | 2.84M | 9.85M | 10.26M | 5.03M | 3.78M | 2.54M | 2.34M | 3.36M | 6.54M | 6.37M | 4.32M | 2.98M | 1.02M | 152.37K | 47.66K | 0.65 | 0.72 |
| Cost of Revenue | 32.20M | 12.40M | 7.66M | 9.59M | 2.95M | 3.87M | 1.37M | 14.66M | 11.59M | 4.58M | 2.22M | 5.48M | 7.62M | 3.66M | 1.32M | 1.38M | 3.35M | 3.21M | 5.26M | 5.52M | 5.33M | 4.64M | 3.91M | -449.13K | -179.23K | -103.74K | -15.08K |
| Gross Profit | 11.16M | 3.22M | 2.26M | 4.07M | 1.48M | 1.76M | 905.00K | 4.87M | 4.98M | 2.82M | 619.00K | 4.37M | 2.64M | 1.37M | 2.46M | 1.16M | -1.01M | 148.52K | 1.28M | 846.89K | -1.01M | -1.67M | -2.89M | 601.50K | 226.89K | 103.74K | 15.08K |
| Gross Profit Ratio | 25.74% | 20.64% | 22.80% | 29.81% | 33.34% | 31.32% | 39.78% | 24.93% | 30.04% | 38.11% | 21.78% | 44.36% | 25.76% | 27.24% | 65.02% | 45.66% | -42.98% | 4.42% | 19.58% | 13.30% | -23.31% | -55.95% | -284.55% | 394.76% | 476.03% | 15,874,800.00% | 2,082,300.00% |
| Research & Development | 3.38M | 3.43M | 4.56M | 2.75M | 2.86M | 3.83M | 2.99M | 6.15M | 4.58M | 2.54M | 3.56M | 3.92M | 1.79M | 1.70M | 3.92M | 3.91M | 887.50K | 1.04M | 2.63M | 2.84M | 2.66M | 1.85M | 2.05M | 1.03M | 714.19K | 466.47K | 592.76K |
| General & Administrative | 4.85M | 6.27M | 3.25M | 1.93M | 2.77M | 3.07M | -1.28M | 4.43M | 1.68M | 3.04M | 1.55M | 2.26M | 2.54M | 803.00K | -1.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.90M | 1.15M | 1.28M | 1.12M | 1.13M | 1.31M | 661.00K | 1.03M | 326.00K | 291.00K | 459.00K | 555.00K | 314.00K | 301.00K | 256.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 6.75M | 7.42M | 4.53M | 3.05M | 3.91M | 4.37M | -619.00K | 5.46M | 2.00M | 3.34M | 2.01M | 2.81M | 2.86M | 1.10M | -1.21M | 1.19M | 1.68M | 3.03M | 3.14M | 3.42M | 3.23M | 4.55M | 4.60M | 2.73M | 840.26K | 626.44K | 455.86K |
| Other Expenses | -173.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -478.96K | 0.00 | 0.00 | 0.00 | 0.00 | 138.00K | -244.00K | -197.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 9.96M | 10.49M | 6.87M | 4.87M | 6.41M | 8.51M | 2.68M | 12.44M | 7.60M | 6.03M | 4.72M | 5.84M | 4.21M | 3.51M | 3.27M | 5.66M | 3.21M | 5.05M | -2.49M | -7.63M | 8.63M | 6.40M | 6.65M | 4.21M | 1.73M | 1.20M | 1.06M |
| Cost & Expenses | 42.16M | 22.89M | 14.53M | 14.47M | 9.36M | 12.37M | 4.05M | 27.11M | 19.19M | 10.61M | 6.94M | 11.32M | 11.83M | 7.16M | 4.59M | 7.04M | 6.56M | 8.26M | 2.77M | -2.11M | 13.96M | 11.04M | 10.56M | 3.76M | 1.55M | 1.09M | 1.05M |
| Interest Income | -526.00K | -742.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 573.00K | 631.00K | 95.00K | 0.00 | 36.00K | 29.00K | 34.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 2.31M | 2.29M | 2.67M | 3.10M | 2.12M | 3.45M | 2.93M | 853.00K | 653.00K | 604.00K | 557.00K | 965.00K | 389.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 900.38K | 464.39K | 317.92K | 210.53K | 109.25K | 305.89K | 324.58K | 583.82K | 620.00K | 613.00K | 959.00K | 429.00K | 266.00K | 655.00K | 503.00K | 564.58K | 646.01K | 978.80K | 2.41M | 3.06M | 2.75M | 2.49M | 1.50M | 449.13K | 179.23K | 103.74K | 15.08K |
| EBITDA | 1.06M | -6.42M | -4.55M | -591.00K | -4.83M | -12.48M | -1.41M | -7.24M | -1.43M | -2.16M | -3.05M | -2.48M | -1.27M | -1.48M | -305.00K | -3.94M | -3.57M | -3.92M | 6.19M | 11.54M | -6.89M | -5.57M | -8.04M | -3.16M | -1.38M | -989.17K | -1.03M |
| EBITDA Ratio | 2.44% | -48.07% | -43.24% | -4.32% | -109.11% | -114.20% | -64.22% | -35.79% | -8.65% | -26.47% | -107.14% | -10.53% | -12.62% | -29.47% | -8.06% | -154.90% | -152.51% | -116.71% | 94.59% | 181.16% | -159.38% | -187.07% | -790.72% | -2,073.36% | -2,885.30% | -151,371,959.93% | -142,742,904.72% |
| Operating Income | 1.20M | -7.27M | -7.28M | -3.90M | -7.06M | -10.19M | -4.70M | -8.42M | -3.28M | -4.08M | -4.66M | -2.91M | -1.98M | -2.14M | -808.00K | -4.50M | -4.22M | -4.90M | 3.77M | 8.48M | -9.64M | -8.06M | -9.54M | -3.61M | -1.55M | -1.09M | -1.05M |
| Operating Income Ratio | 2.77% | -46.54% | -73.35% | -28.52% | -159.49% | -180.93% | -206.73% | -43.12% | -19.79% | -55.06% | -163.83% | -29.57% | -19.33% | -42.51% | -21.36% | -177.12% | -180.08% | -145.83% | 57.66% | 133.09% | -222.90% | -270.89% | -938.38% | -2,368.12% | -3,261.33% | -167,246,851.42% | -144,825,152.61% |
| Total Other Income/Expenses | -3.36M | -1.23M | -256.00K | -1.09M | -1.90M | -3.41M | 4.07M | -1.24M | 573.00K | 631.00K | 95.00K | -958.00K | -11.00K | -249.39K | 231.00K | 746.20K | -979.45K | -3.24M | -10.53M | -16.94M | -208.04K | -1.89M | 2.41M | 2.11M | 88.59K | 46.00K | -283.56K |
| Income Before Tax | -2.16M | -9.21M | -7.53M | 1.11M | -2.84M | -10.17M | -4.65M | -8.61M | -2.71M | -3.45M | -4.56M | -3.87M | -2.00M | -2.38M | -577.00K | -4.11M | -4.92M | -7.94M | -6.75M | -8.46M | -9.84M | -9.95M | -7.13M | -1.50M | -1.47M | -1.05M | -1.33M |
| Income Before Tax Ratio | -4.98% | -58.97% | -75.93% | 8.14% | -64.13% | -180.58% | -204.57% | -44.10% | -16.33% | -46.54% | -160.49% | -39.29% | -19.44% | -47.36% | -15.26% | -161.92% | -210.09% | -236.48% | -103.28% | -132.89% | -227.71% | -334.29% | -701.25% | -982.10% | -3,075.46% | -160,207,048.53% | -183,988,067.29% |
| Income Tax Expense | -679.00K | 2.29M | -6.60M | -6.10M | -6.11M | -6.11M | 16.52M | 177.00K | 487.00K | 604.00K | 338.00K | 965.00K | 389.00K | -29.00K | -428.00K | -159.70K | -282.75K | -365.93K | -432.20K | 16.68M | 31.84K | 42.21K | 36.75K | 21.96K | -149.93K | -202.83K | -119.38K |
| Net Income | -1.48M | -9.21M | -7.53M | 1.11M | -2.84M | -22.66M | -21.17M | -8.79M | -3.19M | -3.45M | -4.56M | -3.87M | -2.00M | -2.35M | -577.00K | -3.95M | -4.64M | -7.94M | -6.32M | -8.46M | -9.88M | -9.99M | -7.17M | -1.52M | -1.32M | -844.07K | -1.21M |
| Net Income Ratio | -3.41% | -58.97% | -75.93% | 8.14% | -64.13% | -402.22% | -930.73% | -45.00% | -19.27% | -46.54% | -160.49% | -39.29% | -19.44% | -46.79% | -15.26% | -155.64% | -198.02% | -236.48% | -96.67% | -132.89% | -228.45% | -335.71% | -704.86% | -996.51% | -2,760.91% | -129,167,674.11% | -167,501,035.83% |
| EPS | -0.04 | -1.57 | -0.27 | 0.05 | -0.13 | -1.15 | -1.20 | -0.52 | -0.20 | -0.24 | -0.32 | -0.27 | -0.14 | -0.17 | -0.04 | -0.28 | -0.33 | -0.57 | -0.45 | -0.61 | -0.71 | -0.72 | -0.68 | -0.14 | -0.12 | -0.12 | -0.11 |
| EPS Diluted | -0.04 | -1.57 | -0.27 | 0.05 | -0.13 | -1.15 | -1.20 | -0.52 | -0.20 | -0.24 | -0.32 | -0.27 | -0.14 | -0.17 | -0.04 | -0.28 | -0.33 | -0.57 | -0.45 | -0.61 | -0.71 | -0.72 | -0.68 | -0.14 | -0.12 | -0.12 | -0.11 |
| Weighted Avg Shares Out | 33.83M | 5.87M | 27.98M | 23.93M | 21.40M | 19.73M | 17.64M | 16.76M | 15.86M | 14.51M | 14.19M | 14.19M | 14.19M | 14.10M | 13.96M | 13.92M | 13.92M | 13.92M | 13.92M | 13.91M | 13.91M | 13.91M | 10.55M | 10.89M | 10.89M | 7.13M | 10.88M |
| Weighted Avg Shares Out (Dil) | 33.83M | 5.87M | 27.98M | 23.93M | 21.40M | 19.73M | 17.64M | 16.76M | 15.86M | 14.51M | 14.19M | 14.19M | 14.19M | 14.10M | 13.96M | 13.92M | 13.92M | 13.92M | 13.92M | 13.91M | 13.91M | 13.91M | 10.55M | 10.89M | 10.89M | 7.13M | 10.88M |
Electrovaya to Present at Sequire Clean Tech & EV Conference on December 6th, 2021
Lithium-Ion Battery Maker with enhanced safety and longevity, presents at 1:00 PM ET TORONTO, ON / ACCESSWIRE / December 2, 2021 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved...
Electrovaya: Contender To EV Battery Market
Addressable market for E-mobility is immense and rapidly growing. EFLVF has developed innovative lithium-ion cells with solid-state coatings, which have the highest capacity and charge/discharge rates of any batteries certified by safety standard UL2580 for electric vehicles.
Vicinity Motor and Electrovaya announce strategic supply agreement for lithium battery systems
Vicinity Motor Corp. has announced a strategic agreement with Electrovaya Inc. to supply lithium battery systems for its Vicinity Lightning EV buses and fully electric VMC 1200 Class 3 trucks.
Electrovaya Announces Increased Battery Capacities and New UL Listings
Increasing battery capacity by 7% for all current battery models and UL listing for additional models TORONTO, ON / ACCESSWIRE / October 5, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance...
Electrovaya Announces Closing of C$3.795 Million Private Placement with an Institutional Investor
TORONTO, ON / ACCESSWIRE / October 1, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL) (OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced that it has closed its previously announced private placement...
Electrovaya Announces C$3.795 Million Private Placement with an Institutional Investor
TORONTO, ON / ACCESSWIRE / September 27, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced that it has entered into a securities purchase agreement for...
Electrovaya Labs Announces Initial Solid State Battery Results
Preliminary results for this Solid State battery approach using lithium metal anodes show excellent capacity retention after 80 cycles TORONTO, ON / ACCESSWIRE / September 23, 2021 / Electrovaya Inc., (TSX:EFL)(OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and...
Electrovaya Launches New Cloud-Based Battery Analytics System
New product offering with subscription providing recurring revenue TORONTO, ON / ACCESSWIRE / September 22, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL) (OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced the...
Electrovaya to Present at the H.C. Wainwright 23rd Annual Global Investment Conference September 13-15, 2021 (Virtual Conference)
TORONTO, ON / ACCESSWIRE / September 10, 2021 / Electrovaya Inc. (TSX:EFL); (OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading safety, cycle-life and performance, with substantial intellectual property, will be featured as a presenting company at the H.C. Wainwright 23rd...
Re-filing of Q2 MD&A
TORONTO, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Electrovaya Inc. (“Electrovaya” or the “Company”) (TSX: EFL; OTCQB: EFLVF) announces that it has filed revised management's discussion and analysis for the six month period ended March 31, 2021 (the “MD&A”) following a...
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