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Electrovaya Inc. (T:EFL)

Business Focus: Batteries & Uninterruptable Power supplies

Sector:  Industrials Industry:  Electrical Components & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 6688 Kitimat Rd
Tel: N/A
IR: See website
Key People
Sankar Das Gupta
President, Chief Executive Officer, Director
Richard P. Halka
Chief Financial Officer, Executive Vice President
Rajshekar Das Gupta
Vice President - Technology and Business Development
Murray Pickrem
Director - Sales
Jason Roy
Director, Investor Relations And Communications
Jeremy Dang
Director of Business & Project Development
Elmira Memarzadeh
Manager Cell Manufacturing
Business Overview
Electrovaya Inc. is a Canada-based company, which designs, develops, and manufactures Lithium Ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. The Company's businesses include lithium ion battery systems to power material handling electric vehicles (MHEV) including fork-lifts as well as accessories such as battery chargers to charge the batteries; lithium ion batteries for other transportation applications, and industrial products for energy storage. It develops, manufactures, and markets power technology products. It is focused on contributing to the prevention of climate change through supplying the Li-ion batteries in the marketplace. It provides edge safety for both Lithium-ion cells and systems. It utilizes ceramic composite cell separator materials along with electrolyte and other components to provide the nickel-manganese-cobalt (NMC) based Lithium-ion cells in the industry.
Financial Overview
For the six months ended 31 March 2021, ElectrovayaInc. revenues increased 96% to $5.5M. Net loss increased23% to $3.7M. Revenues reflect Large Format Batteriessegment increase from $861K to $2.7M, United States segmentincrease from $1M to $2.7M. Higher net loss reflectsForeign exchange gain(loss) and interest decrease from$276K (income) to $399K (expense), Research and developmentincrease of 31% to $1.9M (expense).
Employees: 56 as of Sep 30, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $165.76M as of Mar 31, 2021
Annual revenue (TTM): $21.48M as of Mar 31, 2021
EBITDA (TTM): -$0.62M as of Mar 31, 2021
Net annual income (TTM): $0.52M as of Mar 31, 2021
Free cash flow (TTM): -$7.31M as of Mar 31, 2021
Net Debt Last Fiscal Year: $10.04M as of Mar 31, 2021
Shares outstanding: 141,455,845 as of Mar 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization