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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 Sep 28, 2017 2:52pm
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Post# 26755063

RE:From where I stand

RE:From where I stand
Stockholder2008 wrote: This quarter earnings will be up over last.  Next quarter will be even better.

What makes you so sure?  In Q2, they sold $2.009 million, and lost $6.060 million.  The next quarter (Q3, ending June 30), they sold a respectable $4.432 million.  But guess what? They lost even more money, namely $6.526 million.  If they increase sales one more time (unlikely - they only have one day left to do so), they will lose even more.  Why? Because they have a cost problem!  No cost leadership (as claimed).  There was a reason why Evoniks wanted to dump that plant in Germany...
Stockholder, maybe you are still confusing Revenue with Earnings (as you did in the past!).  Let's repeat this for you:  Revenue = Sales.  Earnings = Profit
There will be no profits without cost improvements.
Bullboard Posts
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