TSX:ELVAElectrical
Electrovaya (TSX:ELVA) Stock Sinks As Amazon Reliance Clouds Margin Strength
Electrovaya stock came into this earnings print under pressure, with the share price down about 21% over the past week and nearly 30% over three months. Yet the quarter itself was built around record profitability, not a collapse in the story. Revenue for Q3 sat at US$17.7m while gross margin reached roughly 35% and adjusted EBITDA margin was around 21%. These figures are central for a high valuation battery maker.
The sentiment reckoning for Electrovaya now hinges on this margin strength...