Electrovaya reports second quarter fy2024 financial results

$1.5 million in adjusted ebitda1, bringing the trailing 12 month adjusted ebitda1 to $5.8 million revenue of $10.7 million and gross margins improved by 1240 basis points year over year to 35% operating profit of $0.7 million with positive cash flow from operations for the quarter toronto, on / accesswire / may 14, 2024 / electrovaya inc. ("electrovaya" or the "company") (nasdaq:elva)(tsx:elva), a leading lithium-ion battery technology and manufacturing company, today reported its financial results for the second quarter fiscal year ended march 31, 2024 ("q2 fy2024"). all dollar amounts are in u.s. dollars unless otherwise noted.
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