NeoVolta 9/27/2024 Earnings Report

NeoVolta EPS Results

• Actual EPS: -$0.02
• Consensus EPS: -$0.02
• Beat/Miss: Met Expectations
• One Year Ago EPS: N/A

NeoVolta Revenue Results

• Actual Revenue: $0.58 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

NeoVolta Announcement Details

• Date: 9/27/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

NeoVolta (NASDAQ:NEOV) is a clean-energy technology company that designs, manufactures and markets integrated battery storage systems for residential and light-commercial applications. Headquartered in San Jose, California, the company develops hardware and software solutions aimed at enhancing the value of rooftop solar installations, providing backup power and enabling homeowners to optimize time-of-use rate plans. NeoVolta’s modular approach to energy storage allows customers to scale capacity to match their changing needs.

The company’s flagship product family combines lithium-ion battery modules, a hybrid inverter and an energy management platform under a single enclosure. These systems store excess solar generation during the day, deliver power during periods of peak demand or grid outages, and offer remote monitoring and control through a companion mobile app. NeoVolta also provides pre-installation engineering support and post-installation service agreements to its network of solar installers, homebuilders and electrical contractors.

Founded as a privately held startup in Silicon Valley, NeoVolta became a publicly traded company in late 2021 following a business combination. Initially focused on California’s residential solar market, the company has since expanded distribution agreements across multiple U.S. states, targeting regions with high electricity rates and supportive clean-energy policies. NeoVolta’s leadership team draws on decades of experience in renewable energy, power electronics and consumer technology to drive product innovation and strategic partnerships.