NeoVolta Inc reported QQ3 2024 revenue of $283,900, a sharp YoY decline of 54.87% and a QoQ drop of 72.11%. The company posted a gross margin of 58.52% ($166,145 gross profit on $283,900 revenue), yet all measures of profitability remained negative: operating income at -$600,370 and EBITDA at -$589,473, with net income also -$589,473 and EPS -$0.0177. SG&A expenses stood at $756,118, dominating the cost base and driving the quarterly loss despite the strong gross margin. Cash flow from operations was -$485,330, leaving cash at period end of $1,013,962. The balance sheet shows a leveraged deficit position in accumulated retained earnings (-$20,013,460) but a solid equity base of $5,137,637 and a substantial cash cushion. Notably, liquidity ratios appear extremely favorable (current ratio 342.35, quick ratio 200.37, cash ratio 67.37), yet efficiency metrics imply unusual working capital dynamics (days sales outstanding ~598 days, days of inventory ~1,633 days). Management commentary is not included in the provided data; as a result, transcript-driven insights and quotes are not available for this quarter. The results depict a company in an investment phase with meaningful gross margin leverage but a need for revenue scale and expense discipline to reach profitability.