Core Insights - NeoVolta Inc. reported a transformational quarter, setting the stage for strong growth and aiming to capture a $45 billion market opportunity by 2030 across residential, commercial & industrial (C&I), and utility-scale segments [2][4] Financial Performance - Revenue for Q2 FY2026 reached $4.6 million, a 334% increase from $1.1 million in Q2 FY2025, with six-month revenue totaling $11.3 million, up 580% from $1.7 million in the prior year [5] - Gross profit for Q2 FY2026 was $0.8 million, representing a gross margin of approximately 17%, compared to $0.3 million and 30% in Q2 FY2025 [5] - Operating expenses for Q2 FY2026 totaled $5.2 million, up from $1.3 million in Q2 FY2025, primarily due to higher share-based compensation and investments in infrastructure [5] - Net loss for Q2 FY2026 was $(5.5) million, or $(0.16) per share, compared to $(1.0) million, or $(0.3) per share in Q2 FY2025 [5] Strategic Initiatives - The company closed the acquisition of Neubau Energy, enhancing its modular battery storage technology [9] - A strategic collaboration with Luminia was advanced for up to 160 MWh of energy storage supply, potentially generating $39 million in equipment revenue [9] - A joint venture for U.S. battery manufacturing was launched in Georgia, with a 60% ownership stake, aimed at producing 2 GWh annually, scalable to 8 GWh [10][14] Market Segmentation - The residential platform focuses on brand visibility and recurring revenue through installer partnerships and innovative financing models [6] - The C&I platform targets the underserved "missing middle" market, with a pipeline exceeding 100 MW and significant growth expected in the next 2 to 3 years [7] - The utility-scale platform, supported by the Georgia manufacturing joint venture, aims to access higher-margin projects while meeting domestic content requirements [8] Capital and Financing - NeoVolta raised approximately $23 million in gross proceeds through two equity financing transactions since December 2025 [11][15] - The company has a strong financing position with approximately $16 million in working capital, positioning it to meet an $8 million funding obligation due by April 30, 2026 [12][16] Leadership and Governance - A planned change in the Chief Product Officer role was made, with product strategy and development timelines remaining intact [18] - The governance structure includes a 60% controlling interest in the joint venture, with three of five board seats held by NeoVolta [14]

Financial Performance - Revenues from contracts with customers for the three months ended December 31, 2025, were $4,645,517, a significant increase from $1,071,581 in the same period of 2024, representing a growth of approximately 334%[18] - Gross profit for the six months ended December 31, 2025, was $2,349,774, compared to $416,758 for the same period in 2024, indicating a growth of about 463%[21] - The net loss for the three months ended December 31, 2025, was $5,538,799, compared to a net loss of $971,137 for the same period in 2024, which is an increase in loss of about 471%[18] - The net loss for the six months ended December 31, 2025, was $6,782,121, compared to a net loss of $1,935,631 for the same period in 2024[25] Operating Expenses - Total operating expenses for the three months ended December 31, 2025, were $5,249,044, up from $1,270,841 in the same period of 2024, reflecting an increase of approximately 313%[18] - Research and development expenses for the three months ended December 31, 2025, were $58,795, compared to $42,324 in the same period of 2024, showing an increase of approximately 39%[18] - Cash flows used in operating activities amounted to $4,578,069 for the six months ended December 31, 2025, compared to $1,451,330 in the prior year[25] - Cash paid for interest during the six months ended December 31, 2025, was $604,835, significantly higher than $9,306 in the same period of 2024[25] Assets and Liabilities - Total assets as of December 31, 2025, were $10,113,366, a substantial increase from $6,805,173 as of June 30, 2025, representing a growth of approximately 48%[16] - Total liabilities increased to $5,110,729 as of December 31, 2025, compared to $3,895,451 as of June 30, 2025, indicating a rise of about 31%[16] - The accumulated deficit as of December 31, 2025, was $32,559,255, up from $25,777,134 as of June 30, 2025, reflecting an increase of approximately 26%[16] Shareholder Information - The company reported a weighted average of 35,008,993 shares outstanding for the three months ended December 31, 2025, compared to 33,301,150 shares for the same period in 2024[18] - The company issued 1,200,000 shares in a private offering, raising $3,000,000 to support its operations and growth initiatives[23] - The company raised $3,000,000 by issuing 1,200,000 shares of common stock at $2.50 per share in a private equity offering in December 2025[50] Inventory and Credit - Total inventory as of December 31, 2025, was $1,855,673, a decrease from $2,137,912 as of June 30, 2025[32] - The company has a line of credit for borrowings of up to $5,000,000 to meet near-term borrowing needs[47] - The company secured a line of credit for borrowings of up to $5,000,000 with a 16% annual interest rate, having net borrowings of $633,538 as of December 31, 2025, and an available balance of $4,366,462[48] Joint Ventures and Acquisitions - The company has a 60% ownership interest in a new joint venture for a battery manufacturing facility, with an initial capital contribution of $7 million from a private offering[77][78] - The company completed an Asset Purchase Agreement with Neubau Energy Inc. in October 2025, acquiring assets including intellectual property, with sales of the proprietary battery storage module expected to begin in 2026[67] - The total consideration for the acquisition of Neubau was approximately $1.5 million, consisting of $500,000 in cash and 200,000 shares valued at $998,000[68] Stock Options and Compensation - The company granted 450,000 RSUs to each of the two new officers as part of their employment agreements, totaling 900,000 RSUs[70] - Total non-cash stock compensation expense recognized in the six months ended December 31, 2025, was $3,019,034, including $1,987,813 for RSUs granted to executive officers[63] - The company issued 147,000 Non-Qualified Stock Options at an exercise price of $3.60 per share, with a total fair value of approximately $349,500, amortized over a 3-year vesting period[57] Future Commitments - The company will pay a royalty of $10.00 per unit sold of Neubau's proprietary module for three years, with contingent consideration of up to 4,000,000 additional shares if sales milestones are met by December 31, 2028[68][74] - Future undiscounted lease payments under the extended lease agreement total approximately $1.2 million, with a present value of lease liability recorded at $850,740[72] - The company anticipates additional capital contributions of up to $40 million for the joint venture, with funding expected from public or private offerings[79]

Core Viewpoint - NeoVolta Inc. has successfully raised approximately $23 million through financing transactions to support working capital and fund its joint venture in battery energy storage manufacturing, with mass production expected in mid-2026 [1][2][8] Financing Transactions - The company completed a $7 million initial capital contribution to its joint venture, NeoVolta Power, LLC, which is structured in three phases [2][3] - The financing includes a $13 million private placement and a $10 million registered direct offering, generating net proceeds of approximately $9.4 million [7] Capital Commitment Structure - NeoVolta's total committed capital contribution to the joint venture is structured in three phases: - Phase 1: $7 million initial contribution completed in January 2026 - Phase 2: $8 million due by April 30, 2026 - Phase 3: $10 million at commissioning [3][7] Operational Milestones - The joint venture is progressing towards operational milestones at the Georgia facility, with mass production targeted for mid-2026 [5][8] - The facility is designed to produce IRA-compliant, American-made battery energy storage systems [11] Market Opportunity - The joint venture is expected to expand NeoVolta's total addressable market to over $45 billion by 2030, including $15 billion in residential storage and $10 billion in commercial and industrial storage [11] - At full utilization, the initial annual production capacity of 2 GWh could represent approximately $400 million in annual revenue potential [11] Management Commentary - The CEO of NeoVolta highlighted the significance of the financing transactions in advancing the Georgia battery manufacturing joint venture and emphasized the company's focus on disciplined capital deployment [8]

Core Viewpoint - NeoVolta Inc. is set to release its second quarter fiscal 2026 results on February 17, 2026, and will host an earnings conference call to discuss financial and operational outcomes along with strategic developments [1][2]. Group 1: Financial Results Announcement - The company will announce its second quarter fiscal 2026 results before market open on February 17, 2026 [1]. - An earnings conference call will take place on the same day to review the financial and operating results for the quarter ended December 31, 2025 [2]. Group 2: Conference Call Details - The conference call is scheduled for February 17, 2026, at 11:00 a.m. Eastern Time [3]. - A telephonic replay of the call will be available from 2:00 p.m. ET on the day of the call until March 3, 2026 [3]. Group 3: Company Overview - NeoVolta is focused on delivering scalable energy storage solutions and advancing reliable power infrastructure for various applications [5]. - The company emphasizes domestic manufacturing and strategic partnerships to support the transition towards resilient energy systems [5].

Transaction Details - The Company plans to issue and sell an aggregate of 2,100,841 shares of its common stock at a par value of $0.001 per share [4]. - The Closing Date for the transaction is set for January 26, 2026, contingent upon the satisfaction of all conditions [8]. - Each Purchaser is required to deliver the Subscription Amount in cash, which will be specified on the signature page of the Agreement [25]. - The Company will reimburse legal expenses incurred by White & Case LLP, up to $50,000, at the Closing [24]. - The Securities are being registered under an effective registration statement on Form S-3 filed with the SEC [4]. - Lock-Up Agreements will be executed by the Company's directors and executive officers as part of the transaction [23]. - The Company is required to have a sufficient number of authorized shares of Common Stock reserved for issuance to fulfill its obligations under the Transaction Documents [23]. - The Company acknowledges that its obligation to issue the Shares is absolute and unconditional regardless of the dilutive effect on other stockholders [38]. - The Company has authorized capital stock of 100,000,000 shares of Common Stock, with 36,195,684 shares issued and outstanding [48]. - The Lock-Up Period for the undersigned is set to last 90 days following the final prospectus supplement related to the Registered Direct Offering [124]. - The Company will not assign the Agreement or any rights without prior written consent from Purchasers representing a majority of the Subscribed Securities [102]. - The Agreement may be terminated if the Closing has not been consummated within 5 Trading Days following the date of the Agreement [94]. - NeoVolta, Inc. is entering into a Placement Agency Agreement with Needham & Company, LLC for a Registered Direct Offering of common stock [123]. Financial Compliance - The Company has timely filed all SEC Reports during the one year prior to the date hereof [40]. - The financial statements included in the SEC Reports comply in all material respects with applicable accounting requirements and fairly present the financial position of the Company [40]. - There has been no material adverse change in the business or financial condition of the Company since the date of the most recent audited financial statements [42]. - The Company is not currently contemplating amending or restating any of the financial statements included in the SEC Reports [40]. - The Company is in compliance with the Sarbanes-Oxley Act of 2002, as amended [46]. - The Company has timely filed all required tax returns and paid all material taxes due [58]. - The Company maintains internal controls over financial reporting designed to provide reasonable assurance regarding the reliability of financial reporting [59]. - The Company has not received any notice from independent accountants regarding potential material weaknesses in internal controls [59]. - The Company has no material disagreements with its accountants or lawyers that could affect its obligations [71]. Securities and Stock Management - The issuance of the Securities is duly authorized and will be validly issued, fully paid, and non-assessable [33]. - The Company is not in violation of the requirements of the Principal Market and has no knowledge of any facts that would reasonably lead to delisting or suspension of the Common Stock [35]. - The Company has not declared or paid any dividends since the date of the most recent audited financial statements [42]. - The Company and its Subsidiaries are not currently insolvent and will not be after the transactions contemplated by the Agreement [42]. - There are 3,848,150 shares reserved for issuance pursuant to Convertible Securities [48]. - The Company has no shares of Common Stock held in treasury [48]. - There are no outstanding options, warrants, or similar rights relating to the Company's capital stock [50]. - The Company has fully paid or provided for all stock transfer taxes related to the issuance and sale of its securities [65]. - The Company is not subject to the Bank Holding Company Act and does not control any significant voting securities of a bank [66]. - The Company is not classified as a U.S. real property holding corporation, maintaining compliance with Section 897 of the Code [64]. Legal and Regulatory Compliance - The Company must conduct its business in compliance with all applicable laws, with no violations expected to result in a Material Adverse Effect [85]. - The Company is in compliance with the USA Patriot Act and other anti-money laundering laws [67]. - The Company has not engaged in any actions to manipulate the price of its securities, ensuring compliance with regulations [63]. - No statute or regulation should prohibit the consummation of the transactions contemplated by the Transaction Documents [92]. - The Company must deliver an irrevocable Instruction Letter to the Transfer Agent accepted by the Transfer Agent [93]. - The Agreement is governed by the laws of the State of New York [132]. Purchaser Obligations and Rights - Each Purchaser must confirm that they are acquiring the Subscribed Securities for their own account and not for public sale or distribution [26]. - The Agreement constitutes a legal, valid, and binding obligation of each Purchaser, enforceable against them in accordance with its terms [30]. - The obligation of the Company to issue and sell the Subscribed Shares is subject to the satisfaction of specific conditions, including the delivery of the Subscription Amount in cash [87]. - Each Purchaser's obligation to purchase the Subscribed Shares is contingent upon the Company delivering all required documents and ensuring all representations and warranties are true and correct [88]. - The Common Stock must be designated for quotation or listed on the Principal Market and not suspended by the SEC or the Principal Market as of the Closing Date [91]. - The Company will indemnify Purchasers against any misrepresentation or breach of representation in the Transaction Documents [105]. - The representations and warranties made by the Company will survive the Closing of the Agreement [104]. - The Company acknowledges that no due diligence by Purchasers will affect their right to rely on the Company's representations and warranties [105]. - The Company must perform all obligations timely, or Purchasers may rescind or withdraw any relevant notice or demand [108]. Transfer of Securities - The agreement allows for transfers of securities under specific conditions, including exercises of stock options and transfers to immediate family members [125]. - Securities can be transferred as bona fide gifts or for estate planning purposes without involving a disposition for value [126]. - Transfers of securities are permitted to entities where the undersigned or their immediate family are the legal and beneficial owners of all outstanding equity securities [126]. - The undersigned may establish a 10b5-1 Plan for the transfer of securities, provided no transfers occur during the Lock-Up Period [128]. - Transfers pursuant to a bona fide third-party tender offer or similar transaction are allowed if approved by the Board of Directors [126]. - The undersigned agrees to be bound by the terms of the lock-up agreement for any transfers made under specified clauses [127].

Core Viewpoint - NeoVolta Inc. has announced a registered direct offering of 2,100,841 shares of common stock at a price of $4.76 per share, aiming to raise approximately $10 million for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The registered direct offering is expected to close on or about January 26, 2026, pending customary closing conditions [1]. - Needham & Company is acting as the sole placement agent for this offering [2]. - The offering is conducted under a "shelf" registration statement that became effective on June 28, 2024 [3]. Group 2: Company Overview - NeoVolta Inc. designs and manufactures advanced energy storage systems that promote energy independence and sustainability for homeowners and businesses [5]. - The company's products are engineered for high efficiency, safety, and longevity, and are compatible with solar systems to provide continuous power during grid outages [5].

Group 1 - Longi Green Energy (601012.SH) is advancing in the energy storage sector by participating in a collaboration to support NeoVolta (NEOV.US) and Precision Energy in establishing battery storage systems in the U.S. [1] - The U.S. energy storage demand is driven by weak grid infrastructure, growing data center needs, and manufacturing reshoring, indicating a strong profitability potential [1] - Longi Green Energy plans to acquire approximately 62% voting rights in Precision Energy through equity acquisition and capital increase, with leadership now aligned with Longi [1] Group 2 - Precision Energy and NeoVolta will form a joint venture, NeoValta Power, focusing on the U.S. large-scale and commercial storage market, with NeoVolta holding 60% and Precision Energy 20% [2] - The joint venture aims to achieve a production capacity of 2GWh by mid-2026, expandable to 8GWh, meeting FEOC compliance standards [2] - NeoVolta has seen significant revenue growth, achieving $6.65 million in Q3 2025, a year-over-year increase of 1027% [2] Group 3 - The U.S. energy storage market presents substantial growth potential, with domestic companies exploring innovative models to participate despite trade barriers [3] - Companies such as Longi Green Energy, along with others like Sungrow Power Supply (300274) and Canadian Solar, are suggested for attention in the evolving market landscape [3]

Core Viewpoint - NeoVolta Inc. is set to present its strategic growth initiatives, particularly focusing on a significant joint venture aimed at establishing a domestic battery manufacturing platform in the U.S. [2][3] Group 1: Joint Venture and Market Expansion - The joint venture with PotisEdge and LONGi will create a battery energy storage system (BESS) manufacturing platform in Georgia, targeting utility-scale and commercial & industrial markets [2] - This partnership positions NeoVolta to leverage the increasing demand for U.S.-made energy storage solutions, marking a substantial expansion of its addressable market [2] Group 2: Investor Engagement - NeoVolta will engage with investors at the Sidoti's January Micro-Cap Virtual Investor Conference, providing a platform to discuss the recent joint venture and its implications for growth [3][4] - The presentation is scheduled for January 21, 2026, at 2:30 PM ET, and will be accessible live [3] Group 3: Company Overview - NeoVolta is focused on advancing reliable, high-performance energy storage solutions for various applications, including residential, commercial, and utility sectors [5] - The company emphasizes scalable technology, domestic manufacturing, and strategic partnerships to support the transition towards resilient energy systems [5]

Core Viewpoint - NeoVolta Inc. has formed a joint venture, NeoVolta Power, LLC, to establish a U.S. battery energy storage system manufacturing platform, significantly expanding its business model and market reach [1][3]. Group 1: Joint Venture and Manufacturing Capacity - The Georgia facility will have an initial production capacity of 2 GWh, scalable to 8 GWh, and is expected to begin mass production in mid-2026 [2]. - NeoVolta holds a 60% controlling interest in the joint venture, with PotisEdge and strategic investors holding the remaining shares [8][11]. - The joint venture aims to address the growing demand in utility-scale and commercial & industrial energy storage markets [7][12]. Group 2: Revenue Potential and Market Opportunity - Industry analyses suggest that utility-scale and C&I battery energy storage systems can generate approximately $200 per kilowatt-hour of installed capacity [4]. - At full utilization, 2 GWh of annual production could represent about $400 million in annual revenue potential [5]. - The total U.S. battery energy storage market is projected to expand to approximately $45 billion annually by 2030, positioning NeoVolta to capture a larger share of this market [6]. Group 3: Strategic Partnerships and Expertise - The joint venture combines NeoVolta's U.S. market leadership with PotisEdge's manufacturing expertise and LONGi's global scale [13]. - PotisEdge contributes significant experience in large-scale BESS manufacturing, while LONGi's involvement reflects a strategic expansion into energy storage [11][12]. - The collaboration aims to create a manufacturing platform designed for scale, quality, and long-term growth in the renewable energy sector [13][14]. Group 4: Financing and Development - The joint venture's formation is supported by capital commitments and phased funding, primarily from equity and debt sources [15]. - NeoVolta announced a $13 million private placement to support initial funding requirements for the joint venture [16]. - Key anticipated milestones include the execution of technical agreements, acquisition of manufacturing equipment, and initial production ramp in mid-2026 [19].

Core Insights - NeoVolta Inc. is advancing a strategic collaboration with Luminia LLC to potentially develop a portfolio of solar-plus-storage projects in California [1][4] - Luminia is working on multiple installations that include over 40 MW of solar capacity and approximately 160 MWh of battery storage [2] - NeoVolta could potentially generate an estimated $39 million in equipment revenue from two front-of-the-meter storage projects totaling 160 MWh, contingent on final agreements [3] Company Overview - NeoVolta is a leading innovator in energy storage solutions, focusing on reliable and sustainable energy storage systems for residential and commercial applications [6] - The company aims to drive progress in renewable energy and enhance energy management through strategic partnerships and cutting-edge technology [6] Strategic Collaboration - The collaboration with Luminia aligns with NeoVolta's long-term strategic goals, focusing on delivery schedules, engineering requirements, and procurement sequencing [5] - NeoVolta will provide updates on material developments as the collaboration progresses [5] Luminia Overview - Luminia is a renewable energy developer that partners with various stakeholders to design, finance, and operate distributed clean energy projects [7][8] - The company is focused on accelerating the transition to local commercial and community-based solar and energy storage [7]