Stock Analysis
Electrovaya (TSE:ELVA) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$10.3m (down 3.0% from 3Q 2023).
- Net loss: US$324.0k (loss narrowed by 42% from 3Q 2023).
- US$0.009 loss per share (improved from US$0.017 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Electrovaya Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 38%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electrical industry in Canada.
Performance of the Canadian Electrical industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for Electrovaya (1 is a bit unpleasant!) that you should be aware of before investing here.
Valuation is complex, but we're here to simplify it.
Discover if Electrovaya might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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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.
About TSX:ELVA
Electrovaya
Engages in the design, development, manufacture, and sale of lithium-ion batteries, battery management systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications in North America.