NeoVolta Inc. NEOV
of high-performance energy storage systems ("ESS") for residential and commercial applications. Our product portfolio includes
the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and most recently, the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW
/ 430 kWh commercial and industrial ("C&I") system. Our systems combine lithium iron phosphate (LiFePO₄) battery
technology with hybrid inverter capability, providing safe, flexible, and adaptable solutions for backup power, self-consumption, and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.4M | $2.6M | $3.5M | $4.5M | $4.8M | — |
| Cost of revenue | $6.9M | $2.1M | $2.8M | $3.8M | $4.2M | — |
| Gross profit | $1.5M | $510.3K | $688.0K | $667.1K | $647.7K | — |
| R&D | $157.3K | $19.2K | $29.9K | $68.5K | $42.8K | — |
| SG&A | $6.1M | $2.8M | $3.3M | $6.4M | $8.3M | — |
| Total operating expenses | $6.2M | $2.8M | $3.3M | $6.4M | $8.3M | — |
| Operating income | -$4.7M | -$2.3M | -$2.6M | -$5.8M | -$7.7M | — |
| Interest expense | $320.4K | $0 | $4.1K | $49.5K | $24.5K | — |
| Pre-tax income | -$5.0M | -$2.3M | -$2.6M | -$5.8M | -$7.6M | — |
| Income tax | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$5.0M | -$2.3M | -$2.6M | -$5.8M | -$7.6M | — |
| EPS, basic | -0.15 | -0.07 | -0.08 | -0.28 | -0.43 | — |
| EPS, diluted | -0.15 | -0.07 | -0.08 | -0.28 | -0.43 | — |
| Shares, diluted (wtd. avg.) | $33.6M | $33.2M | $32.0M | $20.6M | $17.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $794.8K | $986.4K | $2.0M | $330.4K | $425.7K | $1.3M |
| Receivables | $3.0M | $1.8M | $1.8M | $1.3M | $1.1M | — |
| Inventory | $2.1M | $1.8M | $2.6M | $2.2M | $1.7M | — |
| Total current assets | $6.7M | $4.7M | $6.5M | $4.1M | $3.3M | — |
| Total assets | $6.8M | $4.7M | $6.5M | $4.1M | $3.3M | — |
| Accounts payable | $689.2K | $5.3K | $0 | $205.6K | $53.5K | — |
| Short-term debt | $2.6M | $0 | — | — | — | — |
| Total current liabilities | $3.5M | $61.1K | $39.5K | $1.5M | $94.2K | — |
| Long-term debt | — | — | — | $1.1M | — | — |
| Total liabilities | $3.9M | $61.1K | $39.5K | $1.5M | $113.6K | — |
| Retained earnings | -$25.8M | -$20.7M | -$18.4M | -$15.8M | -$10.0M | — |
| Total equity | $2.9M | $4.6M | $6.5M | $2.6M | $3.1M | $3.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$4.4M | -$1.0M | -$2.1M | -$1.2M | -$883.6K | — |
| Stock-based compensation | $2.1M | $432.4K | $1.5M | $5.3M | $7.4M | — |
| Financing cash flow | $4.2M | $0 | $3.8M | $1.1M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001683168-25-007304.
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