NeoVolta Inc (NEOV) Q4 2024 Earnings Report

NeoVolta reported QQ4 2024 revenue of 579,214 (USD thousands) with a gross profit of 17,157 and a gross margin of 2.96%. The quarter marked a QoQ surge of 104.02% from Q3 2024 (283,900) but remained significantly down on a YoY basis (-19.76% vs 721,862 in QQ4 2023). The company posted an EBITDA of -729,078 and a net income of -729,078, with an EPS of -0.022. SG&A was a dominant cost driver at 742,171, contributing to an operating loss of -733,776 and an operating margin of -1.27%. Operating cash flow was negative (-27,535) and free cash flow mirrored that trajectory, underscoring a balance-sheet and cash-burn dynamic typical of early-stage scale-up in a capital-intensive niche market. NeoVolta ended the quarter with 986,427 in cash and equivalents and a very high current ratio (76.21) driven by sizable receivables and inventory relative to modest current liabilities, signaling a working-capital-intensive model and potential liquidity sensitivity to collections timing and ramp of near-term orders.