NeoVolta Inc.

NASDAQ•NEOV

CEO: Colonel Brent S. Willson

Sector: Industrials

Industry: Electrical Equipment & Parts

Listing Date: 2020-05-20

NeoVolta Inc. designs, manufactures, and sells energy storage systems in the United States. The company provides NV14, NV14-K, and NV 24 energy storage systems, which stores and uses energy through batteries and an inverter at residential or commercial sites. NeoVolta Inc. markets and sells its products directly to certified solar installers and solar equipment distributors. The company was founded in 2018 and is headquartered in Poway, California.

Contact Information

13651 Danielson Street, Suite A, Poway, CA, 92064, United States

800-364-5464

www.neovolta.com

Market Cap

$124.40M

P/E (TTM)

-12.9

43.4

Dividend Yield

52W High

$7.13

52W Low

$1.80

52W Range

34%

Rank61Top 91.5%

2.0

F-Score

Modified Piotroski Analysis

Based on 8-year fundamentals

Weak • 2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2018-2025

Financial Dashboard

Q2 2026 Data

Revenue

$4.65M+0.00%

4-Quarter Trend

EPS

-$0.16+0.00%

4-Quarter Trend

FCF

-$2.58M+0.00%

4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Six Month Revenue Surge Six-month revenue $11.30M, up 580.5% from $1.66M, driven by rapid sales channel expansion outside Southern California.

Quarterly Loss Widens Quarterly Net Loss widened to $5.54M compared to $0.97M loss last year due to substantial increases in operating expenses.

Asset Acquisition Closed Closed October 2025 asset purchase from Neubau, allocating $1.5M purchase price to acquired intellectual property and tangible assets.

Significant Equity Issuance Issued 1.2M shares in December 2025 private offering, securing $3.0M gross proceeds for working capital needs.

Risk Factors

Net Loss Deterioration Six-month net loss increased to $6.78M from $1.94M, primarily driven by substantial General and Administrative expense growth.

Increased Cash Burn Net cash used in operating activities increased to $4.58M for six months, significantly higher than $1.45M used in 2024.

Supply Chain Tariff Exposure Dependency on single-source Chinese suppliers for batteries and inverters exposes results to potential adverse tariff rate fluctuations.

Internal Control Weakness Material weakness identified in disclosure controls due to lack of segregation of duties, requiring management to hire additional personnel.

Outlook

Joint Venture Funding Needs Must fund up to $33.0M in contingent capital contributions for the joint venture through June 30, 2027, subject to market conditions.

Post-Period Financing Secured Completed January 2026 registered direct offering raising $10.0M net proceeds intended for working capital and general corporate purposes.

Liquidity Reliance Forecast Currently not generating break-even operating cash flow; relies on credit sources and recent financing to operate for next 12 months.

Peer Comparison

Revenue (TTM)

RGP

$506.74M

-12.9%

RAIL

$500.99M

-10.4%

MVST

$444.50M

+19.8%

Gross Margin (Latest Quarter)

CRGO

64.1%

+4.1pp

POWW

60.0%

+64.1pp

DSX

55.0%

-4.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MVST	$712.16M	-4.6	-38.9%	15.5%
ISSC	$496.55M	26.1	31.1%	21.4%
FCEL	$370.10M	-1.8	-26.5%	3.1%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

32.1%

Strong Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:Jun 3, 2026

EPS:-$0.08

Revenue:$4.50M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data