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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Electrovaya Inc.    EFL   CA28617B1013

ELECTROVAYA INC.

(EFL)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 11/25 11:47:05 am
1.45 CAD   +2.11%
10/06ELECTROVAYA : Reports Strong Revenue Growth
AQ
09/18ELECTROVAYA : TMX Group, Electrovaya, C-Suite at The Open
AQ
09/04ELECTROVAYA : Increases Credit Facility and Provides Business Update
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Electrovaya : Announces Increased Credit Facility and Provides Update

07/03/2020 | 09:19am EST

Electrovaya Inc. ('Electrovaya' or the 'Company') (TSX: EFL; OTCQB: EFLVF), a lithium-ion battery manufacturer with industry-leading performance, today announced that it has closed an agreement with a Canadian financial institution to increase its revolving credit facility from C$1.5 million to C$4.5 million.

The facility will support fulfillment of purchase orders.

Electrovaya also has a C$10 million non-revolving credit facility from the same financial institution. More than C$4 million of this debt has been paid down from operating cash flow over the last four months, bringing the outstanding balance to approximately C$6 million.

The Company is also providing the following updates: Revenue for the fiscal third quarter ended June 30, 2020 is expected to be approximately double the total reported in the fiscal second quarter, as previously disclosed, barring unforeseen circumstances.

To date, Electrovaya has shipped more than 700 lithium ion battery systems for use in material handling electric forklifts, and more than 1,000 batteries for automated guided vehicles.

The Company's products are critical to the food, grocery and other critical supply chain and Electrovaya continues to operate despite the headwinds and challenges of the COVID-19 pandemic.

Contact:

Tel: 905-855-4618

Email: jroy@electrovaya.com

(C) 2020 Electronic News Publishing, source ENP Newswire

All news about ELECTROVAYA INC.
10/06ELECTROVAYA : Reports Strong Revenue Growth
AQ
09/18ELECTROVAYA : TMX Group, Electrovaya, C-Suite at The Open
AQ
09/04ELECTROVAYA : Increases Credit Facility and Provides Business Update
AQ
07/03ELECTROVAYA : Announces Increased Credit Facility and Provides Update
AQ
04/08ELECTROVAYA : IIROC Trading Halt - EFL
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03/23ELECTROVAYA : Announces Change to Location of Annual General Meeting
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2019ELECTROVAYA : Announces Purchase Orders Worth Approximately US$4 million for For..
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2019ELECTROVAYA : Reports Fiscal 2019 Financial Results
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2019ELECTROVAYA : Announces Date of Fiscal Year-End Earnings Release and Conference ..
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2019ELECTROVAYA : Announces New Corporate Head Office and Provides a Business Update
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More news
Financials (USD)
Sales 2020 13,9 M - -
Net income 2020 2,00 M - -
Net Debt 2020 - - -
P/E ratio 2020 54,6x
Yield 2020 -
Capitalization 142 M 141 M -
Capi. / Sales 2020 10,2x
Capi. / Sales 2021 2,72x
Nbr of Employees 37
Free-Float 57,2%
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Technical analysis trends ELECTROVAYA INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,49 $
Last Close Price 1,09 $
Spread / Highest target 36,6%
Spread / Average Target 36,6%
Spread / Lowest Target 36,6%
EPS Revisions
Managers
NameTitle
Sankar Das Gupta President, Chief Executive Officer & Director
Alexander McLean Chairman
Richard P. Halka Chief Financial Officer, Secretary & Executive VP
Bejoy Das Gupta Director
James K. Jacobs Director
Sector and Competitors