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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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(855)
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Comment by BIGMOEon Dec 12, 2018 8:34pm
60 Views
Post# 29106951

RE:No cash = almost bankrupt

RE:No cash = almost bankruptThey have $3.3 leftover from the building sale, it will show up in Q1/19.

This just accountng moving the numbers around.  Not going out of business.  We can survive few more years.

They have also pre-announced $2.7 million revenue in Q1/19 and it should be profitable quarter, since they eliminated 75% of workforce.

We should wait for the conference call in the morning.
Bullboard Posts
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