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To be fair, it did run up a bit before the report.
Electrovaya Reports Revenue of $12.1 Million for Q1 FY2024; Up 41% Y/Y
$0.6 million in Adjusted EBITDA1, the fourth consecutive quarter with positive Adjusted EBITDA
Gross Margins improved by 360 basis points to 29% with battery systems exceeding 30%
Reaffirmed Fiscal 2024 Guidance of $65 to 75 million underpinned by increasing order backlog and an updated Three Year Strategic Supply Agreement with two of the largest OEMs in the Material Handling sector
TORONTO, ON / ACCESSWIRE / February 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 first quarter fiscal year ended September 30, 2024 ("Q1 FY2024"). All dollar amounts are in U.S. dollars unless otherwise noted.
"Q1 FY2024 represented a good start for the fiscal year for the Company with strong revenue growth, improved margins and our fourth consecutive positive EBITDA1 result," said Dr. Raj DasGupta, Electrovya's CEO. Given the strength of the backlog and the current line of sight for other orders, we are reaffirming guidance of between $65 million and $75 million revenue for FY 2024."
"We continue our long term planning with respect to increasing the adoption of our Infinity Battery Technology into new verticals from 2025 and are making good progress including in the electric bus, construction and mining vehicles as well as energy storage applications. While not having meaningful revenue in 2024, these new vertices will help support our vision to become the leading battery player for heavy duty applications that require longer lasting and safer batteries."
John Gibson, Electrovaya's CFO commented, "Q1 FY2024 was by far our strongest first quarter in recent history. The Company is making progress in reaching a new debt facility with increased working capital availability, which is going to support further revenue growth in the quarters ahead. In parallel, good progress is also being made with our project financing goals to support our Jamestown New York gigafactory build out."
Makes sense b/c they went current/updated profile, etc in October. Something is clearly coming here. And someone clearly couldn’t wait yesterday and got tired bid sitting perhaps?
Medical Care Technologies Inc. for the win
Definitely have a lot going for it (besides awareness/volume). Big name partners, low share structure that’s actually gotten better over the years, buy back program, winter months coming which means gas prices ^, improving margins, adding inventory, record revenue quarters.
All is good. And no real sell pressure so it could fly which it has before
Disclosure Uploaded to OTC for quarter 2 ending 9/30/2023
— Titan NRG, Inc. (@TitanNRG) November 14, 2023
Typically, our slowest QTR, but many positives to look at. The numbers show our work towards trimming operating costs and higher margins. PR coming in the near future.https://t.co/csk7oQk9NX#OTC #OrganicGrowth $TTNN
The proxy vote is the easy part. The toss up will be if the courts allow the dissolution of the company to become null and void. If that happens, everything that has caused this ticker to come to a dead end, has officially ended. It’s game on then.
And with how much time, effort and money Ben has spent on this issue, you better believe he will bring a monster company into this ticker.
Received via mail and voted YES for all three.
I haven’t received any emails or notifications yet
Movement!
Great news. Way to go TTNN management
The best part is recently they added a new development manager to the otc markets profile. Of course it’s the non existent human being named Carl Lamonte who owns the non existent entity Supreme Products.
Quarterly report for the quarter ending 06/30/2023 uploaded to the OTC website. Posting a 9.9% gain in gross revenue over the same quarter 2022. Official PR will be out in a few days.https://t.co/csk7oQk9NX#TitanNRG #BreakingRecords #Earnings #Disclosure #BigThumbsUp $TTNN
— Titan NRG, Inc. (@TitanNRG) August 15, 2023
I picture M Frank chuckling while writing the press release. It’s laughable
The best part is after each 20-30% drop, is the typical posts spinning the bad news into good news and stating how others are interpreting it wrong. Famous words “MMs on the ask”, “Christmas gifts”, “buying all the shares I can”. Can’t forget the bold letters and the words in red. Nothing means business like someone who writes in red and bold!
Can’t forget that at the end of day, the victory of buying shares when it was down 45%, but closed only down 35%! Spin it into some genius decision when he was “swallowing all the shares he can” when the stock was in the .30s and higher.
Feel bad for posters that don’t know better and follow some of these dudes. It’s the only reason why I hope karma is true and comes back to bite them hard. It would be well deserved
“The Study did not achieve statistical significance on the clinical endpoints.”
Not just hyperbole. I legit feel like if Ben can pull this off, the way this will explode, I think it could be the spark the OTC/reverse mergers need.
Lol what other things? Is it the medical and wellness company headed by a “ Carl Lamonte” who doesn’t actually exists in real life? Is it the M loan business that was abandoned and noted in the filings?
Please don’t be fooled. Steve is a clown and doesn’t have anything worth giving a damn about
Nice. Almost at .0001! You rock Matt!
Well they mentioned nailing down a PR firm. So that should mean more communication going forward. And they also stated an official PR should be released in the near future.
A lack of chatter doesn't mean a lack of effort. There’s a good chance we’ll see around 10m in revenue for FY2022. Annual disclosure coming soon, working on audits and nailed down a PR firm. Expect an official PR in the near future.#GiddyUp #TitanNRG #Progress $TTNN
— Titan NRG, Inc. (@TitanNRG) June 23, 2023
Wow 10 mill in revenue expected. New tweet
“A lack of chatter doesn't mean a lack of effort. There’s a good chance we’ll see around 10m in revenue for FY2022. Annual disclosure coming soon, working on audits and nailed down a PR firm. Expect an official PR in the near future.
#GiddyUp #TitanNRG #Progress $TTNN”
Monster day! This isn’t just random buying either, someone clearly knows something. Wonder if we’ll see filings from execs that show insider buys too
Sounds like some positive news!!
I see both UVSS and RWGI posting updates almost daily now. More of us should reply on their posts and call out CSLI for their lack of filings and progress.
Btw I suspect it’s the same person that runs all the accounts. You’ll notice before when of them posted, CSLI Twitter page would retweet or mention it within the next 10 seconds. Very coordinated
I’m on my phone now, but when I get to my computer, I’m going to go to iHub and go back countless of pages and see if anyone who posted in 2010 is still active on iHub. Then I will message them
I would argue that some of the companies like RWGI AND UVSS, are not taking off due to the stink that comes from the ticker CSLI that introduced so many to them. People thinking if CSLI/management is so useless, how much trust and worth can we put in the companies they own a piece of. Same goes for EMDF
With this joker Matt Dugan running the show, I would bet filings will never see the light of day. Does anyone know if Robert M is even alive? I know he had health issues that seemed rather significant
Thanks BPETER. Kind of stupid that someone has to email him to find out this information. Sounds he like needs to get the word out, why in the world would he not post this on the synergy Twitter for a larger audience…?
Where did you get this from?
Adamwing, lydiaada96, blingbling1, indodax.
What am saying is a 100% correct. Go look at all their posts. They magically stopped posting here and wait for it, wait for it….. are now posting on the same stock A*HC.
They are paid posters. They are paid to create interest (even though they suck and you can see right through their elementary- lack of substance) posts. Between just the three of them, they have 50 posts on the AD*HC board in the last 2 days alone.
No thanks. He’s a POS and I don’t need to waste my time. I honestly would if I could actually believe and put worth into anything he says.
Once he double down after telling lies about the ELD, to then fabricating crap about a pet tracker to now buying a company that sells CBD, to create the pet tracker, I knew it was all BS. I still would pay anyone a substantial amount of money if they can find anything about this ‘Carl Lamonte” fellow who doesn’t exist in real life lol
You notice all the minions are gone right? Blingbling1, lydiaada96, indodax, etc.
No coincidence it’s barely any volume now. I would bet one of the convertible note holders are done selling their shares for now. That’s who those posters are/work for.
You’ll also see very infrequent news/ BS from Steve for a bit. He does that to help create liquidity for the note holders to sell shares.
Take everything they say and add a month to it. Then you should be about another month away from seeing anything worth it
Agreed. I know how big of a POS he is and all the minions he has posting here ( technically it’s not his minions, they’re employed by the noteholders who are diluting at .0001). Just wanted to emphasize this part:
“Due to the delay in ELD certification, Ultrack and MLoan mutually agree to rescind their agreement and the effective date will be October 1, 2022”
From the annual report: “During the 2nd quarter 2022, the Company acquired MLoans Inc., a California corporation for restricted common shares of the Company. Mloans is a commercial equipment financing company and it is a preferred vendor for some of the larger equipment dealers in the country. Shares for this acquisition will be issued before the end of Q4, 2022. ********Due to the delay in ELD certification, Ultrack and MLoan mutually agree to rescind their agreement and the effective date will be October 1, 2022. Both parties will cancel any share issuance per the agreement.”
New tweet indicating record breaking quarter: This long winter is really helping the cash flow. It's looking like Titan NRG will have its first 3mm plus quarter.
#OrganicGrowth #Trucking #Propane #Energy $TTNN
Lmfao. Sure. Do me a favor, search ‘Carl Lamonte’ and tell me what you find.
HAHA. The Company that is going to make the pet tracker, currently has CBD on their page. Lmao, can’t even make this up.