Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Electrovaya Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2023
FY2023
Revenue
16.3
44.1
Gross profit
3.87
11.9
Research and development
3.43
3.38
Interest expense
0
0
Income from continuing operations
-7.27
1.2
Net income
-9.21
-1.48
Balance sheet
FY2023
FY2023
Cash and equivalents
0.6
1
Inventory
7.36
8.27
Total current assets
14.8
25.9
Property, plant and equipment
7.31
10.1
Total assets
22.2
36.5
Accounts payable
8.43
Total current liabilities
22.7
26.6
Lease liabilities
0
0
Total liabilities
28.9
29.4
Retained earnings
-129
-130
Total equity
-6.71
7.15
Total liabilities and equity
22.2
36.5
Cash flow statement
FY2023
FY2023
Net income
-9.21
-1.48
Depreciation and amortization
0.5
0.91
Cash from operations
-0.01
-0
Cash from investing
-0
-0
Cash from financing
0.01
0.01
Exchange rate effect
-0
-0
Net change in cash
-0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2023. Valuation uses the share price of $6.35 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
26.9%
Gross profit / revenue.
Net margin
-3.4%
Net income / revenue.
Operating cash flow margin
-0.0%
Cash from operations / revenue.
Return on assets (ROA)
-5.0%
Net income / average total assets.
R&D / revenue
7.7%
Research and development expense / revenue.
D&A / revenue
2.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
170.8%
Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y
206.0%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
64.6%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.97x
Current assets / current liabilities.
Quick ratio
0.04x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.04x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
80.4%
Total liabilities / total assets.
Working capital
-$705.0K
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
1.50x
Revenue / average total assets.
Fixed asset turnover
5.05x
Revenue / average property, plant and equipment.
Valuation
Metric
Value
How it is calculated
Market cap
$317.5M
Share price x shares outstanding.
Enterprise value
$316.5M
Market cap + total debt - cash - short-term investments.
P/S
7.21x
Market cap / revenue.
EV/Sales
7.18x
Enterprise value / revenue.
Earnings yield
-0.5%
Net income / market cap (the inverse of P/E).
What was Electrovaya Inc.'s revenue in fiscal 2023?
Electrovaya Inc. reported revenue of $44.1M for fiscal 2023, 170.8% higher than the year before.
Was Electrovaya Inc. profitable in fiscal 2023?
No. It reported a net loss of $1.5M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.