See more : Paradigm Biopharmaceuticals Limited (PAR.AX) Income Statement Analysis – Financial Results
Complete financial analysis of NeoVolta Inc. (NEOV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NeoVolta Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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NeoVolta Inc. (NEOV)
About NeoVolta Inc.
NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. It offers NV14 and NV 24 energy storage systems to store and use energy through batteries and an inverter at residential or commercial sites. The company markets and sells its products directly to certified solar installers and solar equipment distributors. NeoVolta Inc. was founded in 2018 and is headquartered in Poway, California.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 2.65M | 3.46M | 4.47M | 4.82M | 2.01M | 0.00 | 0.00 |
| Cost of Revenue | 2.13M | 2.77M | 3.81M | 4.18M | 1.77M | 0.00 | 0.00 |
| Gross Profit | 510.35K | 688.00K | 667.13K | 647.72K | 238.60K | 0.00 | 0.00 |
| Gross Profit Ratio | 19.29% | 19.91% | 14.91% | 13.43% | 11.86% | 0.00% | 0.00% |
| Research & Development | 19.15K | 29.94K | 68.50K | 42.80K | 162.70K | 228.15K | 60.00K |
| General & Administrative | 2.83M | 3.29M | 6.35M | 8.26M | 1.51M | 594.17K | 240.29K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 2.83M | 3.29M | 6.35M | 8.26M | 1.51M | 594.17K | 240.29K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 2.85M | 3.32M | 6.42M | 8.30M | 1.67M | 822.31K | 300.29K |
| Cost & Expenses | 4.98M | 6.09M | 10.23M | 12.47M | 3.44M | 822.31K | 300.29K |
| Interest Income | 33.64K | 4.13K | 49.54K | 24.52K | 25.30K | 13.78K | 5.09K |
| Interest Expense | 0.00 | 4.13K | 49.54K | 24.52K | 25.30K | 13.78K | 0.00 |
| Depreciation & Amortization | 33.64K | 1.53M | 5.76M | 21.78K | 1.43M | 822.31K | 300.29K |
| EBITDA | -2.30M | -2.64M | -5.76M | -7.60M | 0.00 | 0.00 | -5.09K |
| EBITDA Ratio | -87.08% | -76.27% | -128.65% | -158.17% | -71.15% | 0.00% | 0.00% |
| Operating Income | -2.34M | -2.64M | -5.76M | -7.65M | -1.43M | -822.31K | -300.29K |
| Operating Income Ratio | -88.35% | -76.27% | -128.65% | -158.62% | -71.15% | 0.00% | 0.00% |
| Total Other Income/Expenses | 33.64K | -4.13K | -49.54K | 5.08K | -25.30K | -13.79K | -5.09K |
| Income Before Tax | -2.30M | -2.64M | -5.80M | -7.65M | -1.46M | -836.10K | -305.37K |
| Income Before Tax Ratio | -87.08% | -76.39% | -129.76% | -158.51% | -72.41% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | -1.53M | -5.76M | 24.52K | -1.43M | -822.31K | -5.09K |
| Net Income | -2.30M | -2.64M | -5.80M | -7.67M | -1.46M | -836.10K | -305.37K |
| Net Income Ratio | -87.08% | -76.39% | -129.76% | -159.02% | -72.41% | 0.00% | 0.00% |
| EPS | -0.07 | -0.08 | -0.28 | -0.43 | -0.12 | -0.20 | -2.90 |
| EPS Diluted | -0.07 | -0.08 | -0.28 | -0.43 | -0.12 | -0.20 | -2.90 |
| Weighted Avg Shares Out | 33.21M | 32.03M | 20.55M | 17.89M | 12.40M | 4.18M | 105.30K |
| Weighted Avg Shares Out (Dil) | 33.21M | 32.03M | 20.55M | 17.89M | 12.40M | 4.18M | 105.30K |
/C O R R E C T I O N -- NeoVolta/
In the news release, NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program, issued Nov. 13, 2024 by NeoVolta over PR Newswire, we are advised by the company that the NeoVolta ticker symbol (NASDAQ:...
NeoVolta $250M Loan Application Part One Approved by the U.S. Department of Energy Loan Program
Company Enters Technical Due Diligence for $250M to Expand U.S. Manufacturing Company Enters Technical Due Diligence for $250M to Expand U.S. Manufacturing
NeoVolta, U.S. Department of Energy, and Barrio Eléctrico Celebrate Successful Installation of NeoVolta's NV24 Battery Storage Systems in Puerto Rico
This Marks the 100th Installation for Barrio Eléctrico and Continued Market Expansion for NeoVolta This Marks the 100th Installation for Barrio Eléctrico and Continued Market Expansion for NeoVolta
NeoVolta Secures $1.4 Million Deal with National Renewable Energy Partners Expanding Dealer Network in Several New States
SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc. , a leading provider of advanced energy storage solutions, is pleased to announce a $1.4 million dollar deal with National Renewable Energy Partners (NREP). This purchase order expands...
NeoVolta Selected as Strategic Partner with Barrio Eléctrico for Growth in Puerto Rico as part of $21M Award
SAN DIEGO, Sept. 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc. , a leading provider of advanced energy storage solutions, has been selected as a strategic partner with Barrio Eléctrico for a significant expansion of residential solar and energy...
NeoVolta Secures $5 Million Line of Credit, Strengthens Financial Position
SAN DIEGO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc. , a leader in solar energy storage solutions, is pleased to announce the successful securing of a $5 million Line of Credit (LOC) from National Energy Modelers, Inc....
NeoVolta Expands Market Reach with New Approvals from EnFin Solar Loans and Sungage Financial
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: NEOV), NeoVolta Inc. , a leader in advanced energy storage solutions, announces significant expansions in their market reach through new approvals from both EnFin solar loans and Sungage Financial.
NeoVolta and Store Energy California Enter Joint Venture to Provide Energy Storage for Low-Income Housing in California
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), a leading provider of advanced energy storage solutions, has announced a joint venture partnership with Store Energy California to bring state-of-the-art battery storage systems to low-income households across...
NeoVolta Announces Vision for Rapid Growth in CEO Ardes Johnson's letter to shareholders
New CEO Ardes Johnson Details Bold Strategies for Immediate Market Expansion and Innovation in Energy Storage New CEO Ardes Johnson Details Bold Strategies for Immediate Market Expansion and Innovation in Energy Storage
NeoVolta CEO Ardes Johnson Gives Expert Testimony to the US International Trade Commission Advising on Favorable Domestic Renewable Energy Policies
Longtime industry veteran and frequent industry expert shares insights on domestic manufacturing capabilities Longtime industry veteran and frequent industry expert shares insights on domestic manufacturing capabilities
Source: https://incomestatements.info
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