Delivered $4.8 million in fiscal Q4 2025 revenues, more than doubling fiscal Q3 2025
San Diego, CA – September 30, 2025 – NeoVolta Inc. (NASDAQ: NEOV), a U.S.-based
energy technology company delivering scalable storage, for resilient residential and
commercial power infrastructure, reported fiscal Q4 and full year results for the period
ending June 30, 2025.
“By executing our go-to-market strategy of expanding distribution, driving dealer growth,
introducing new products, and improving unit economics, we dramatically accelerated our
growth momentum in 2025. Converting our growing pipeline, we delivered record
revenues, up 219% in fiscal 2025 from fiscal 2024 fueled by fiscal Q4 2025 contributions
that increased 135% sequentially from fiscal Q3 2025,” said Ardes Johnson, CEO of
NeoVolta.
“This is only the start. Our strengthened foundation supports continued revenue growth
and margin expansion in fiscal 2026 and beyond, and key expansion initiatives are actively
in progress. At RE+ 2025, we launched our commercial and industrial solution battery
energy storage system a 250kW / 430kWh and our NV16kW AC hybrid inverter, both of
which we believe may be game changers for our installer base. Further, we are pursuing
avenues for increasing domestic battery manufacturing and augmenting software
solutions that will increase the demand and differentiation of NeoVolta’s premium
solutions.”
Recent Operating Highlights
• Unveiled a 250kW/430kWh Commercial & Industrial battery energy storage system
(BESS) at RE+ 2025, with availability beginning in calendar Q4 2025.
• Signed a letter of intent to acquire strategic assets of Neubau Energy, which
included the launch of integrated operations during RE+ 2025 and is expected to
mitigate the effect of 2026 import tariffs.
• Introduced the NV16kW AC hybrid inverter (24kW PV input), which delivers more
power and solar integration and sets a new standard for clean energy storage
solutions and began pre-sales at RE+ 2025.
• Exceeded $3 million in quarterly distributor purchase orders before the end of the
June quarter, which was the strongest channel performance in company history.
• Achieved record installer growth in Texas, signing over 10% of statewide installers
and expanding via our Solartek Distributors, LLC agreement.
• Formed a strategic relationship with Virtual Peaker to enable smarter energy
storage integration and virtual power plant (VPP) participation.Fiscal Q4 2025 Financial Highlights
• Revenues from contracts with customers increased 720% to $4.8 million in fiscal Q4
2025, compared to the prior year, reflecting rapid expansion of various new sales
channels and significant marketing efforts.
• Gross margin was 12% in fiscal Q4 2025, reflecting an increase to cost of goods sold
that in fiscal Q4 2025 included some marketing expenses. This compared to 3% in
the prior year period.
• Operating expenses totaled $1.9 million in fiscal Q4 2025, compared to $0.8 million
in the prior year period, reflecting increased personnel and marketing costs.
• Loss from operations was $1.4 million in fiscal 2025, compared to $0.7 million in the
prior year period.
• Net loss was $1.6 million, or $(0.05) per basic share, vs. a loss of $0.7 million, or
$(0.02) per basic share, in the prior year period.
• As of June 30, 2025, cash balance was $0.8 million and net working capital was $3.2
million. The company anticipates that demand for its products will increase over time
and that it will have sufficient cash to operate for at least the next 12 months.
Fiscal Year 2025 Financial Highlights
• Revenues increased 219% to $8.4 million fiscal 2025, compared to the prior year,
primarily due to the rapid expansion of various new sales channels.
• Gross margins were 18%, reflecting an increase to cost of goods sold that in fiscal Q4
2025 included some marketing expenses, compared to 19% in fiscal 2025.
• Net loss was $5.0 million, or $(0.15) per basic share, compared to $2.3 million, or
$(0.07) per basic share, in the prior year.