Executive Summary
NeoVolta’s QQ4 2024 results portray a company at a small-scale commercial stage: revenue of $579,214, gross profit of $17,157, and a net loss of $729,078 for the quarter, translating to a net loss per share of $0.022. The quarter delivered a strong QoQ revenue uplift (+104.02% versus Q3 2024) but remained deeply unprofitable on both gross and operating bases, with gross margin at 2.96% and operating margin near -1.27%. The EBITDA figure mirrors ongoing operating losses, at -$729k for the quarter. From a liquidity perspective, NeoVolta holds cash and equivalents of $986k and reports no outstanding debt, yielding a net cash position of about $986k, yet operating cash flow was negative (-$27.5k), underscoring a modest cash burn as the company scales. Management commentary (where available) and industry dynamics suggest a high-uncertainty path to sustainable profitability, contingent on accelerated revenue growth, improved gross margins, and disciplined SG&A control as the company expands its installer network and product adoption.
Key takeaway: The QQ4 print confirms a revenue rebound QoQ but confirms a structural profitability gap that places NeoVolta in a cash-flow- and scale-driven phase. Investors should monitor top-line execution, margin expansion, and the company’s ability to monetize its NV storage platforms at scale, alongside any management-guided milestones or strategic partnerships that could alter the trajectory.
Key Performance Indicators
QoQ: 104.02% | YoY:-19.76%
QoQ: -89.67% | YoY:-93.31%
QoQ: -22.22% | YoY:-128.66%
QoQ: -23.68% | YoY:-127.19%
QoQ: -24.29% | YoY:-126.80%
Key Insights
Revenue for QQ4 2024: $579,214, down YoY by 19.76% but up QoQ by 104.02% from Q3 2024. Gross profit: $17,157; gross margin: 2.96% (0.0296). Operating income: -$733,776; operating margin: -1.27%. Net income: -$729,078; net margin: -1.26%. EBITDA: -$729,078; EBITDARatio: -1.26. Earnings per share (diluted): -$0.022. Weighted average shares outstanding: 33,213,306.
Liquidity and cash flow: Cash and cash equivalents: $986,427. Net cash provided by operating activities: -$27,535. Free cash flow: -$2...
Financial Highlights
Revenue for QQ4 2024: $579,214, down YoY by 19.76% but up QoQ by 104.02% from Q3 2024. Gross profit: $17,157; gross margin: 2.96% (0.0296). Operating income: -$733,776; operating margin: -1.27%. Net income: -$729,078; net margin: -1.26%. EBITDA: -$729,078; EBITDARatio: -1.26. Earnings per share (diluted): -$0.022. Weighted average shares outstanding: 33,213,306.
Liquidity and cash flow: Cash and cash equivalents: $986,427. Net cash provided by operating activities: -$27,535. Free cash flow: -$27,535. Net change in cash: -$27,535. Cash at end of period: $986,427. No long-term debt reported. Inventories: $1,787,308; accounts receivable: $1,805,980; other current assets: $76,815. Total current assets: $4,656,530. Total current liabilities: $61,100. Retained earnings: -$20,742,538. Shareholders’ equity totals are plagued by data inconsistencies in the provided set, but net cash position is clearly positive and the company carries no reported debt.
Key efficiency indicators (rounded): DSO ~280.6 days, DIO ~286.2 days, CCC ~566.8 days, cash conversion cycle remains elevated due to working capital structure. Price-to-sales ~35.09x, price-to-book ~4.42x, enterprise value multiple ~-26.53x (reflecting cash-rich balance with no debt). These imply a market valuation that does not yet reflect scalable profitability or meaningful cash generation from operations.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
579.21K |
-19.76% |
104.02% |
| Gross Profit |
17.16K |
-93.31% |
-89.67% |
| Operating Income |
-733.78K |
-128.66% |
-22.22% |
| Net Income |
-729.08K |
-127.19% |
-23.68% |
| EPS |
-0.02 |
-126.80% |
-24.29% |
Key Financial Ratios
operatingProfitMargin
-126.7%
operatingCashFlowPerShare
$-0
Management Commentary
Note: The earnings transcript data set provided contains no entries for NEOVW QQ4 2024. As a result, transcript-based quotes or management quotes are not available within the delivered dataset. Highlights, therefore, focus on the disclosed financials and industry context. If a transcript becomes available, the highlights can be augmented with management commentary on revenue trajectory, margins, channel strategy, and capital allocation.
Forward Guidance
No formal forward-looking guidance was provided in the supplied data. Given the small scale of QQ4 2024 revenue and the persistent near-term losses, the company did not publish explicit targets for 2025. Industry dynamics in US residential energy storage point to potential mid-to-long-term growth driven by installers and OEM partnerships, utility demand, and storage incentive programs. To assess achievability, investors should watch: (1) top-line progression in subsequent quarters, (2) gross margin progression toward double-digit levels via product mix, price realization, and cost discipline, and (3) the company’s ability to scale SG&A in line with revenue growth. Key risk factors include market adoption pace, competition from larger storage players, supply chain variability for battery components, and the capital requirements necessary to achieve meaningful scale.