neuClick™ Modular Battery Platform
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NeoVolta Reports Record First Quarter Fiscal 2026 Results
Globenewswire· 2025-11-11 13:30
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]
NeoVolta Closes Neubau Energy Asset Purchase to Launch neuClick™ Modular Battery Platform
Globenewswire· 2025-10-15 12:30
Core Insights - NeoVolta Inc. has successfully acquired strategic assets from Neubau Energy, enhancing its product offerings and revenue potential [1] - The company aims to secure over 1,000 pre-orders for its neuClick™ battery modules by the end of 2025, with shipments set to commence in January 2026 [2][7] - The neuClick™ platform features a modular design that allows for quick installation and scalability, significantly reducing deployment and maintenance costs [3][6] Company Overview - NeoVolta designs and manufactures advanced energy storage systems aimed at promoting energy independence and sustainability for homeowners and businesses [4] - The company's products are compatible with solar systems, ensuring continuous power during outages and maximizing returns on solar investments [4] Product Features - The neuClick™ system integrates battery, inverter, and communications into a compact unit that can be installed by a licensed electrician in under 30 minutes [2][5] - Each module offers scalable capacity ranging from 10 kWh to 15 kWh, with stackable configurations up to 60 kWh for residential and light commercial use [2] - The platform utilizes industry-leading lithium-iron-phosphate (LFP) cells, providing high energy density and enhanced safety [6] Strategic Advantages - The acquisition of Neubau Energy's assets is expected to improve NeoVolta's market reach, gross margins, and domestic content mix, which will help mitigate the impact of anticipated tariffs in 2026 [1][5] - The neuClick™ platform is designed to drive efficiency across the entire value chain, from manufacturing to installation and long-term service [3]