NEOVOLTA INC C/WTS 01/04/2027 (TO PUR COM) | 8-K: FY2026 Q3 Revenue: USD 2 M

Revenue: As of FY2026 Q3, the actual value is USD 2 M.

EPS: As of FY2026 Q3, the actual value is USD -0.08.

EBIT: As of FY2026 Q3, the actual value is USD -2.7 M.

Financial Highlights

Revenue

• Revenue for Q3 FY2026 was $2.0 million, consistent with $2.0 million in Q3 FY2025 .
• Nine-month revenue totaled $13.3 million, marking an increase of approximately 262% from $3.7 million in the prior-year period .

Gross Profit

• Gross profit was approximately $0.9 million, or ~46% gross margin, in Q3 FY2026 .
• This compares to approximately $0.5 million, or ~26% gross margin, in Q3 FY2025, reflecting a higher-margin product mix .

Operating Expenses

• Total operating expenses were approximately $3.6 million in Q3 FY2026 .
• This is an increase from approximately $1.9 million in Q3 FY2025, due to investments in commercial infrastructure, R&D for the NVWAVE platform, and NeoVolta Power operating expenses .

Net Loss

• Net loss was $3.0 million in Q3 FY2026 .
• This increased from a net loss of $1.4 million in Q3 FY2025, reflecting planned strategic investments .

Liquidity

• As of March 31, 2026, NeoVolta Inc. had cash of approximately $11.5 million .
• In April 2026, the company established a revolving credit facility of up to $3.0 million, providing additional near-term liquidity .

Operational Metrics and Strategic Updates

C&I Platform

• NeoVolta Inc. received its first C&I purchase order from Luminia, an initial $1.9 million order for 40 units of its NVGAIN-125K261 C&I battery storage system .
• Luminia has contracted demand for approximately 160 MWh and an active pipeline of approximately 640 MWh, potentially representing approximately $39 million in equipment revenue to NeoVolta Inc. .

Residential Platform

• NeoVolta Inc. is preparing to commercially launch its NVWAVE modular battery platform, featuring plug-and-play installation in under 30 minutes, a scalable architecture up to 55.2 kWh, and full FEOC-compliant, Domestic Content-eligible design .
• The company is advancing a third-party ownership (TPO) financing model for the residential market in collaboration with Luminia to lower adoption barriers and generate recurring revenue .

Domestic Manufacturing Joint Venture (NeoVolta Power)

• The Georgia manufacturing facility is progressing on track, with equipment installation targeted for June 2026 and an initial production ramp expected in Q3 of calendar 2026 .
• NeoVolta Inc. increased its ownership interest in NeoVolta Power from 60% to 80% under an amended joint venture structure .
• The facility is designed for 2 GWh of initial annual production capacity, scalable to 8 GWh over time, with an initial product mix of approximately 75% utility-scale and 25% C&I systems .
• This facility is expected to have an initial annual capacity of 2GWh, which is scalable to 8GWh, with a production ramp targeted for Q3 2026 .

Outlook / Guidance

NeoVolta Inc. plans to expand its market presence from residential into utility-scale, commercial, and industrial sectors, aiming to build a US domestically manufactured, OBBB-compliant energy storage platform with mass production at its Georgia facility targeted for Q3 2026 . The company is actively evaluating various funding sources, including equity, debt, and project financing, for an $8.0 million Phase 2 capital contribution to the manufacturing joint venture and other growth initiatives . Achieving timely mass production at the Georgia facility is considered mission-critical .