Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

Industrials

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.

TSX:ELVA - Post by User

Electrovaya Inc

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Comment by GerritEtmanson Dec 17, 2012 9:46pm

246 Views

Post# 20743119

RE: Electrovaya Upgraded To 'Sector Outperformer'

You quoted: The analyst widened 2013 loss per share estimate to $0.08 from $0.03 due to higher R&D assumptions, while introducing 2014 loss estimate of $0.06.

Has anyone done the math here? $0.14 losses per share for 2013 and 2014 leads to losses of $10 Million (EFL has over 70,000,000 shares outstanding). The company has $5 million in cash and cash-equivalents left, and it has a $5 million loan to pay in December 2013.

How can this be a "Sector Outperform"?

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