NeoVolta Q4 Revenue Plunges on Residential Sales Slump, Loss Widens
NEOV has more than doubled off its 52-week low of $1.36.
Summary
NeoVolta's Q4 revenue fell sharply due to a decline in residential and installer-channel sales following federal tax law changes. The company reported Q4 revenue of $13.46 million and a loss per share of $0.24, with the loss widening on a $3.9 million credit loss provision and a $1.1 million inventory obsolescence reserve. For fiscal 2026, revenue rose 58% year-over-year as the company expanded into commercial and utility-scale markets. Management expects the Pendergrass facility production ramp to begin in Q2 fiscal 2027 and aims to convert its commercial pipeline into binding orders, targeting 8 GWh annual capacity by calendar 2028. This follows the $20M secured term loan and SK On supply agreement announced earlier this year, highlighting the company's pivot away from residential toward larger-scale energy storage.
Updates
· Wiseek News — Shares fell about 16% after hours. The 10-K disclosed material weaknesses in internal controls and a $25M remaining funding obligation for the Georgia battery joint venture.
At the time of this announcement, NEOV was trading at $2.89 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $186.6M. The 52-week trading range was $1.36 to $7.13. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.