NeoVolta FY26 GAAP net loss widens to $21.47 million; revenue rises 58% to $13.33 million

Bitget2026/09/23 20:16

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NeoVolta Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609231615PRIMZONEFULLFEED9832789) on September 23, 2026, and is solely responsible for the information contained therein.

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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NeoVolta FY26 GAAP net loss widens to $21.47 million; revenue rises 58% to $13.33 million

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