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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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Post by MrGerrEtmanson May 11, 2021 9:44pm
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Post# 33180170

As expected: higher net loss than previous quarter

As expected: higher net loss than previous quarterThe brutal truth is, that increased sales (vis vis previous quarter) resulted in an increased net loss.  In other words: they are subsidizing their sales by booking operating costs as R&D (which went up in lock-step).  

And: whoever predicted sales of $11 Million showed again how clueless he is...

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