Recent Highlights
Named 2026 Energy Storage Company of the Year by CleanTech Breakthrough, selected from thousands of nominations across 16+ countries for product leadership, installer-friendly design, and market traction
NeoVolta Power ownership increased to 80% under amended JV structure; expanded commercial agreement entered into with PotisEdge
First C&I purchase order received from Luminia, a $1.9 million initial order validating the Company's integrated C&I platform strategy
Georgia manufacturing facility progressing on track; manufacturing equipment has started to arrive on site, with installation targeted for June ahead of production ramp expected in Q3 of calendar 2026
Management Commentary
"The third quarter was about execution, converting our strategic vision into tangible proof points. We received our first C&I purchase order from Luminia, our Georgia manufacturing facility is progressing on track with equipment starting to arrive on site and installation targeted for June, and we continued to advance all three verticals of our integrated platform. Subsequent to quarter end, we were named 2026 Energy Storage Company of the Year, increased our ownership in NeoVolta Power to 80% and expanded our commercial capabilities with PotisEdge. The momentum we are carrying into the back half of fiscal 2026 gives us strong confidence in the path ahead." - Ardes Johnson, Chief Executive Officer, NeoVolta.
Third Quarter Fiscal 2026 Financial Highlights
Revenue: $2.0 million for Q3 FY2026, compared to $2.0 million in Q3 FY2025. Revenue in the quarter was impacted by a slowdown in the residential solar market following the expiration of the federal solar investment tax credit for individuals on December 31, 2025. Nine-month revenue totaled $13.3 million, up approximately 262% from $3.7 million in the prior-year period.
Gross Profit: Gross profit was approximately $0.9 million, or ~46% gross margin, compared to approximately $0.5 million, or ~26% gross margin, in Q3 FY2025. The year-over-year improvement reflects higher-margin product mix during the quarter.
Operating Expenses: Total operating expenses were approximately $3.6 million, compared to approximately $1.9 million in Q3 FY2025, reflecting investments in commercial infrastructure, R&D associated with the NVWAVE platform commercialization, and NeoVolta Power operating expenses as the manufacturing facility advances toward initial production.
Net Loss: Net loss was $3.0 million, or $(0.08) per share, compared to a net loss of $1.4 million, or $(0.04) per share, in Q3 FY2025. The year-over-year increase reflects planned strategic investment in people, product development, and platform infrastructure as the Company executes on its integrated energy solutions strategy.
Liquidity: As of March 31, 2026, the Company had cash of approximately $11.5 million. In April 2026, the Company established a revolving credit facility of up to $3.0 million with its depository bank, providing additional near-term liquidity flexibility. Management is actively evaluating equity, debt, and project financing alternatives to fund Phase 2 and Phase ...
