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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. Its technology includes infinity battery technology and solid state battery technology. The Company’s product portfolio includes cell technology, infinity battery systems, low voltage, and high voltage. Its infinity battery system-high voltage applications include E-buses, E-trucks, Mining Vehicles, and Defense. The Company has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown, New York state for its planned gigafactory.


TSX:ELVA - Post by User

Bullboard Posts
Post by coughlcon Aug 01, 2008 9:17pm
171 Views
Post# 15353688

My god their finaincials are amusing!

My god their finaincials are amusing!Gee they manage to increase revenues, or almost double them, but basic math tells you that even a 100% increase on pitiful revenues results in still pitifull revenues.  Now we are talking gross revenues because they managed to also increase their so call R&D expenses buy an even higher percentage.

So let's see... oh yeah, shocking as it may seem they lost another cool million bucks.  On the bright side they managed to deliver a couple of batteries or something like that.

Profits?  That word does not exist in their dictionary.  Worse than a drunken sailor they love to burn any possibility of turning a profit.  Can you imagine how the delusionals would react to even a dollar profit?  There would be a buying spree !!!  These so called business men don't know how to even get the spirits up for investors for even one measly quarter after all these years.

Conclusion:  more of the same and worse is to come as it does not look like they have paid up on that lawsuit but then again maybe I missed it....
Bullboard Posts