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    EFL   CA28617B1013

ELECTROVAYA INC.

(EFL)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 06/17 01:58:27 pm
1.41 CAD   -0.70%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Electrovaya : Reports Strong Revenue Growth

10/06/2020 | 10:28am EDT

Electrovaya Inc. ('Electrovaya' or the 'Company') (TSX: EFL; OTCQB: EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, announces preliminary and unaudited revenues for its fiscal fourth quarter and year ended September 30, 2020 ('Q4 FY2020' and 'FY 2020', respectively).

Preliminary unaudited revenue for Q4 FY2020 is $6.9 million(1) (C$9.1 million), approximately a 40% sequential increase in revenue over $4.8 million (C$6.5 million), in the fiscal third quarter ended June 30, 2020. The sequential revenue growth reflects continued strong demand for the Company's lithium ion batteries from customers in the electric forklift truck market. For FY 2020, preliminary unaudited revenue is $14.5 million(1) (C$19.2 million), a nearly three-fold increase from revenue of $4.9 million (C$6.5 million) in the 2019 fiscal year.

Contact:

Tel: 905-855-4618

Email: jroy@electrovaya.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 33,6 M - -
Net income 2021 1,04 M - -
Net Debt 2021 - - -
P/E ratio 2021 38,5x
Yield 2021 -
Capitalization 165 M 165 M -
Capi. / Sales 2021 4,92x
Capi. / Sales 2022 2,54x
Nbr of Employees 37
Free-Float 61,2%
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Technical analysis trends ELECTROVAYA INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,59 $
Last Close Price 1,16 $
Spread / Highest target 37,6%
Spread / Average Target 37,6%
Spread / Lowest Target 37,6%
EPS Revisions
Managers and Directors
NameTitle
Sankar Das Gupta President, Chief Executive Officer & Director
Richard Peter Halka Chief Financial Officer & Executive Vice President
Alexander McLean Chairman
Rajshekar Das Gupta Chief Operating Officer
James K. Jacobs Independent Director
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