Electrovaya reports fiscal year 2024 results

Revenue of $44.6m with $4m adjusted ebitda1 (6th consecutive positive quarter) historic positive cash flow from operations and improved gross margins approval of $51million direct loan from the export-import bank of the united states expected to fund electrovaya's lithium ion cell and battery manufacturing facility in jamestown, new york removal of going concern note in the financial statements due to improved financial performance toronto, on / accesswire / december 12, 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 fourth quarter and fiscal year ended september 30, 2024 ("q4 2024" & "fy 2024", respectively). all dollar amounts are in u.s. dollars unless otherwise noted.
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