NeoVolta Sets New Sales Record in April, Surpassing Entire First Quarter in a Single Month

April 2025 Revenue Expected to Shatter Previous Company Highs as Nationwide Growth Accelerates

SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) — NeoVolta Inc. (NASDAQ: NEOV), a U.S.-based energy technology company delivering scalable energy storage solutions for resilient residential and commercial power infrastructure, today announced that, based on preliminary internal estimates, April 2025 revenue is projected to exceed $2 million — surpassing the company’s total estimated revenue for the entire first quarter of 2025.

NeoVolta previously projected unaudited first quarter revenue exceeding $2 million, representing a year-over-year increase of more than 600%. Now, just one month later, April alone is projected to outperform that milestone — signaling a powerful acceleration in demand across key U.S. markets.

“Delivering record-breaking revenue in April — immediately following a record-breaking first quarter — is a clear signal that our growth trajectory is just beginning,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “We believe this momentum will continue to build as we expand into new markets, grow our installer network, and capitalize on rising demand for reliable, cost-saving energy storage solutions. Even greater milestones lie ahead as we execute our strategy and scale NeoVolta.”

NeoVolta’s rapid expansion is fueled by surging demand for backup power amid ongoing grid instability, rising energy costs, and weather-related disruptions. The company’s broadened installer network, rapid market penetration in Texas, and strengthened distribution are driving this next phase of growth.

NeoVolta expects to announce finalized financial results for the first quarter of 2025 in May 2025.

About NeoVolta

NeoVolta is a leading innovator in energy storage solutions dedicated to advancing the future of clean energy. Founded to provide reliable, sustainable, and high-performance energy storage systems, the company has quickly established itself as a critical player in the industry. NeoVolta’s flagship products are designed to meet the growing demand for efficient energy management in residential and commercial applications. With a focus on cutting-edge technology and strategic partnerships, NeoVolta is committed to driving progress in renewable energy and enhancing how the world stores and uses power.

For more information visit: NeoVolta.com email us: [email protected]  Or call us: 858-239-2349

 

Forward-Looking Statements

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.