NeoVolta (4EB) Q1 2027 Earnings Report

The call was broadly positive, with a sharp sequential revenue rebound, improved losses and adjusted EBITDA, an online and producing Georgia facility, new commercial commitments, a launched TPO platform, and expanded domestic battery supply and financing initiatives. The company remains loss-making, uses operating cash, and still must convert commitments into purchase orders, shipments, and collected revenue while completing factory ramp-up and the final SK On agreement.

Management said the Pendergrass ramp “remains on track,” with deliveries under the $116 million master purchase agreement beginning in “Q1 calendar year 2027,” continuing “through ’27,” and an effort to pull “as much of that in the first half” as possible; the $53 million Infinite Grid Capital commitment will be deployed over “a series of projects in 2027.” The company procured enough material for the “first 10 units,” expects “a few of those at least shipped this calendar year,” plans to begin delivering C&I products “in the second quarter of next year” from Georgia, and expects additional utility-scale backlog “going into the second half of next calendar year.” NeoVolta expects residential volumes to “continue building,” TPO growth at a “decent clip,” and said the residential business will be “growing over what you’ve seen so far coming out in this past quarter”; the SK On agreement is expected to support product in “the second half of next year,” with product back to SK likely a “2028 calendar year delivery.”