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NeoVolta Sets New Sales Record in April, Surpassing Entire First Quarter in a Single Month
NeoVoltaNeoVolta(US:NEOV) Globenewswireยท2025-04-29 12:45

Core Insights - NeoVolta Inc. is projected to achieve over $2 million in revenue for April 2025, surpassing the total estimated revenue for the entire first quarter of 2025 [1] - The company previously estimated first quarter revenue exceeding $2 million, indicating a year-over-year increase of more than 600% [2] - The CEO of NeoVolta highlighted that the record revenue in April follows a record-breaking first quarter, indicating a strong growth trajectory [3] Company Growth Factors - The rapid expansion of NeoVolta is driven by increasing demand for backup power due to grid instability, rising energy costs, and weather-related disruptions [3] - The company is expanding its installer network and penetrating new markets, particularly in Texas, which is contributing to its growth [3] - NeoVolta is focused on delivering reliable and cost-saving energy storage solutions, which aligns with the rising demand in the market [3] Future Outlook - NeoVolta plans to announce finalized financial results for the first quarter of 2025 in May 2025 [4] - The company is committed to advancing clean energy through innovative energy storage solutions and strategic partnerships [5]