Executive Summary
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.
Key Performance Indicators
QoQ: 104.02% | YoY:-19.76%
QoQ: -89.67% | YoY:-93.31%
QoQ: -22.22% | YoY:-128.66%
QoQ: -23.68% | YoY:-127.19%
QoQ: -24.29% | YoY:-126.80%
Key Insights
Revenue performance: QQ4 2024 revenue 579,214; YoY change -19.76%; QoQ change +104.02% (vs Q3 2024 283,900). Gross profit: 17,157; gross margin 2.96% (0.0296). Operating expenses: 1,312,990; SG&A 742,171 (G&A). EBITDA: -729,078; EBITDA margin: -1.26x. Operating income: -733,776; operating margin: -1.27%. Net income: -729,078; net margin: -1.26%. EPS: -0.022. Balance sheet strength: cash 986,427; total assets 4,656,530; current assets 4,656,530; current liabilities 61,100; no long-term de...
Financial Highlights
Revenue performance: QQ4 2024 revenue 579,214; YoY change -19.76%; QoQ change +104.02% (vs Q3 2024 283,900). Gross profit: 17,157; gross margin 2.96% (0.0296). Operating expenses: 1,312,990; SG&A 742,171 (G&A). EBITDA: -729,078; EBITDA margin: -1.26x. Operating income: -733,776; operating margin: -1.27%. Net income: -729,078; net margin: -1.26%. EPS: -0.022. Balance sheet strength: cash 986,427; total assets 4,656,530; current assets 4,656,530; current liabilities 61,100; no long-term debt reported. Cash flow: net cash from operating activities -27,535; free cash flow -27,535. Liquidity metrics: DSO 280.62 days; DIO 286.20 days; CCC 565.96 days. Equity and capitalization indicators: total stockholders’ equity 4,595,430; retained earnings -20,742,538; no debt outstanding.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
579.21K |
-19.76% |
104.02% |
| Gross Profit |
17.16K |
-93.31% |
-89.67% |
| Operating Income |
-733.78K |
-128.66% |
-22.22% |
| Net Income |
-729.08K |
-127.19% |
-23.68% |
| EPS |
-0.02 |
-126.80% |
-24.29% |
Key Financial Ratios
operatingProfitMargin
-126.7%
operatingCashFlowPerShare
$-0
priceEarningsRatio
-28.36
Management Commentary
No earnings call transcript quotes were provided in the data set. Management commentary cannot be quoted or thematically summarized beyond the quantitative results. If transcript data is supplied, this section should group quotes by themes (strategy, operations, market conditions) and explain their relevance to the financial outcomes.
Forward Guidance
No formal forward guidance was released for QQ4 2024 in the provided data. Given the revenue volatility (Q2 2024 peak at 1,017,828 followed by Q3 and Q4 declines) and the persistent earnings deterioration, investors should monitor: (1) management’s path to margin expansion (gross margin normalization through scale, supplier terms, or product mix), (2) cadence of installed base growth and ARR-like recurring revenue from NV storage ecosystems, (3) cost discipline and SG&A optimization, and (4) liquidity runway and financing plans if cash burn persists. Industry trends in residential and commercial energy storage demand, solar installer channel expansion, and potential incentives will influence the feasibility of a path to profitability. Key factors to watch include quarterly revenue visibility, changes in working-capital dynamics, and any strategic pivots toward higher-margin products or service offerings.