Electrovaya provides a shareholder update including unaudited preliminary fy2024 annual financial results and positive outlook for 2025

Unaudited fy2024 revenue estimate of approximately $45 million with a gross margin of 31% expects fy 2024 year operating profit and improved adjusted ebitda expects fy2025 revenues to exceed $60 million driven by renewed demand from the company's largest end users us exim bank's recently approved direct loan of $51 expected to begin disbursements during cy q1 2025 toronto, on / accesswire / november 27, 2024 / electrovaya inc. ("electrovaya" or the "company") (nasdaq:elva)(tsx:elva), a leading lithium-ion battery technology and manufacturing company, announced an unaudited fiscal year ("fy") 2024 ending 30th september, revenue update along with other business updates. all figures in this update are expressed in us dollars.
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