NeoVolta, Inc. (NEOV) FY2026 earnings

Reported results

• Fiscal year 2026 revenue increased 58% year-over-year to $13.3 million, compared to $8.4 million in fiscal year 2025.
• GAAP net loss of $21.5 million, or $(0.55) per share, for fiscal year 2026, compared to a net loss of $5.0 million, or $(0.15) per share, for fiscal year 2025.
• Fourth quarter 2026 revenue was approximately $13.5 thousand, compared to $4.8 million in the fourth quarter of fiscal year 2025.
• Adjusted EBITDA (non-GAAP) of $(12.8) million for fiscal year 2026, compared to $(2.6) million for fiscal year 2025.
• Cash and cash equivalents of $22.2 million as of June 30, 2026, plus $3.2 million of restricted cash, for total cash, restricted cash and cash equivalents of $25.4 million.

Guidance

• Complete Site Acceptance Test and commissioning of the Pendergrass, Georgia facility, with production ramp underway from the second quarter of fiscal year 2027.
• Conversion of non-binding utility-scale and C&I pipeline into binding orders, including the Infinite Grid Capital letter of intent.
• Progress toward a second Pendergrass production line, which could scale site capacity toward 8 GWh of annual BESS production capacity in calendar year 2028.
• Capital allocation priorities for fiscal year 2027 are focused on funding working capital for the production ramp and investment in the second production line.

Notes

This is the first period for which the Company is disclosing Adjusted EBITDA as a supplemental non-GAAP measure. Fourth quarter GAAP net loss increase was primarily driven by a $3.9 million provision for credit losses and bad debt expenses and $1.1 million of residential inventory obsolescence reserve. Subsequent to June 30, 2026, the Company entered into a senior secured term loan facility providing $20 million (less an original issue discount of $1.0 million) in initial funding with potential to increase by up to $10 million.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-23 (8-K, Item 2.02). Read the original filing on sec.gov.