Electrovaya Full Year 2024 Earnings: EPS Beats Expectations

Electrovaya (TSE:ELVA) Full Year 2024 Results

Key Financial Results

• Revenue: US$44.6m (up 1.3% from FY 2023).
• Net loss: US$1.49m (flat on FY 2023).
• US$0.044 loss per share (in line with FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Electrovaya EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in Canada.

Performance of the Canadian Electrical industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Electrovaya.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.