Electrovaya Inc. provided earnings guidance for the fiscal year ending September 30, 2024. For the year, the Company anticipates revenue of approximately $65 to $75 million for the fiscal year ending September 30, 2024 ("FY 2024"), representing year-over-year growth of approximately 58% at the midpoint. The increase in revenue is anticipated to be underpinned by a recently expanded strategic supply agreement which now includes an additional global OEM, increasing order backlogs and new products designed for new sectors.

This guidance is subject to change and is made barring any unforeseen circumstances.