I took this from the Q3 Revenue PR.
- Revenue for Q3 FY2023 was $10.5 million (C$14.2 million), an increase of 145% compared to $4.3 million (C$5.8 million) in the fiscal third quarter ended June 30, 2022 (“Q3 FY2022”). Management maintains guidance of $42 million (C$56 million) for FY2023.
- Gross margin for Q3 FY2023 increased to 28.1%, compared to $25.2% in Q3 FY2022. Battery system gross margin in the quarter of over 30%.
- Adjusted EBITDA1 for Q3 FY2023 was $1.1 million (C$1.5 million), compared to a loss of $0.6 million (C$0.8 million) in Q3 FY2022. Adjusted EBITDA1 was positive in spite of the one-time costs associated with the Company’s Nasdaq listing. Management anticipates that the Company will continue to generate positive Adjusted EBITDA1 for the remainder of the FY2023.
- Net Profit for the Q3 FY2023 was $0.1 million (C$0.1 million), compared to a Net Loss of $1.5 (C$2 million) million in Q3 FY 2022.
https://electrovaya.com/press/electrovaya-reports-q3-fy2023-results/