NeoVolta FY26 GAAP net loss widens to $21.47 million; revenue rises 58% to $13.33 million
NEOV•Operations and supply agreement update
- NeoVolta Power’s Pendergrass, Georgia facility is advancing through commissioning, with production ramp expected from fiscal 2027’s second quarter.
- The SK On deal covers 9 GWh of U.S.-made LFP cells for 2027-2031, with a framework that could lift combined activity to 18 GWh.
Fiscal 2026 results and quarterly performance
- NeoVolta posted fiscal 2026 revenue up 58% to $13.33 million, while GAAP net loss widened to $21.47 million.
- Fourth-quarter revenue fell to $13,460 from $4.75 million a year earlier, and GAAP net loss widened to $11.66 million.
- Quarterly GAAP net loss increase was primarily driven by a $3.9 million credit-loss provision and $1.1 million inventory obsolescence reserve.
