Overall the numbers are fair to where EFL is in developing their market. The FY plan is very in reach. There are some interesting numbers. I would speculate that Q2 will be in the $12-15M range given the build up of inventory. If EFL can produce $10M with one shift, then adding 20-30% with a second shift should not be that difficult.

Electrovaya has a strong backlog of orders in hand, combined with a growing pipeline of projects, primarily through our strategic OEM supplier agreement with Raymond Corp. This includes projects with existing customers and also some significant new customers.

It would be nice if they actually stated the backlog volume.

I found this statement, by Raj, interesting

Given the exciting developments occurring with respect to Electrovaya's technology and our solid-state battery development specifically, we are planning to host a Battery Technology Day early next quarter. More details will be released on this event in the coming weeks.

Posting by MaterialsMan on SH

It now appears that EFL is on the cutting edge of developing a solid state battery. If this info is accurate, EFL would be in an advantageous position. I believe it is being introduced to the battery world in the spring at a major industry gathering. Hope so.

Note, the automated module assembly line will be commissioned in April.

Hopefully Musk is invited!

BTW, thanks Borelly for posting the transcript.