NeoVolta FY26 GAAP net loss widens to $21.47 million; revenue rises 58% to $13.33 million
Bitget2026/09/23 20:16- NeoVolta posted fiscal 2026 revenue up 58% to USD 13.33 million, while GAAP net loss widened to USD 21.47 million.
- Fourth-quarter revenue fell to USD 13,460 from USD 4.75 million a year earlier, and GAAP net loss widened to USD 11.66 million.
- Quarterly GAAP net loss increase was primarily driven by a USD 3.9 million credit-loss provision and USD 1.1 million inventory obsolescence reserve.
- NeoVolta Power’s Pendergrass, Georgia facility is advancing through commissioning, with production ramp expected from fiscal 2027’s second quarter.
- SK On deal covers 9 GWh of U.S.-made LFP cells for 2027-2031, with a framework that could lift combined activity to 18 GWh.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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