NeoVolta Reports Record First Quarter Fiscal 2026 Results

Core Insights - NeoVolta Inc. reported a revenue of $6.7 million for Q1 2026, reflecting a year-over-year growth of 1,027%, marking the fourth consecutive record-setting quarter [1][2] Financial Highlights - Revenue increased from $590,000 in the prior-year quarter to $6.7 million, driven by expansion into broader U.S. distribution and installer networks [5][9] - Gross margin improved to 24% from 16% in the prior-year quarter, attributed to manufacturing efficiencies and higher production volumes [5][6] - Operating expenses rose to $2.4 million from $1.1 million, primarily due to investments in leadership and infrastructure [9] - Loss from operations decreased to $854,000 from $966,000 in the prior-year quarter, reflecting significant revenue growth [9] - Net loss was $1.2 million, or $(0.04) per share, compared to a net loss of $964,000, or $(0.03) per share, in the prior-year quarter [9][12] Recent Developments - The acquisition of select assets from Neubau Energy was completed on October 15, 2025, enhancing NeoVolta's growth strategy and product offerings [2][5] - The neuClick™ modular battery platform was launched, promising a 30-minute installation time and targeting over 1,000 pre-orders by December 2025 [5][6] - The company secured a long-term lease extension for its Poway, California manufacturing facility through March 2031, ensuring operational stability [5] Market Strategy - NeoVolta's multi-channel growth strategy has led to increased market adoption of distributed energy storage solutions [2] - The company is expanding its installer base and financing channels to improve accessibility and affordability for customers nationwide [5]