A Business at a Glance
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NeoVolta Inc.
NEOV
$72M
Mkt Cap
$2.15
-4.02%
NeoVolta Inc. (NEOV) has a 5-year average return on invested capital (ROIC) of -67.8%. This is below average and may indicate limited pricing power.
NeoVolta Inc. (NEOV) has a market capitalization of $78M. It is classified as a small-cap stock.
NeoVolta Inc. (NEOV) does not currently pay a regular dividend.
NeoVolta Inc. (NEOV) operates in the Miscellaneous Electrical Machinery, Equipment & Supplies industry, within the Technology sector.
NeoVolta Inc. (NEOV) reported annual revenue of $8 million in its most recent fiscal year, based on SEC EDGAR filings.
NeoVolta Inc. (NEOV) has a net profit margin of -59.7%. The company is currently unprofitable.
NeoVolta Inc. (NEOV) generated $-4 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
We are a designer and manufacturer of high-performance energy storage systems (“ESS”) for residential and commercial applications. Our product portfolio includes the NV14, NV24, NVPlus, NV7600 stand-alone inverter, and most recently, the NV16 kW AC hybrid inverter with 24 kW PV input and a 250 kW / 430 kWh commercial and industrial (“C&I”) system. Our systems combine lithium iron phosphate (LiFePO₄) battery technology with hybrid inverter capability, providing safe, flexible, and adaptable solutions for backup power, self-consumption, and energy resilience. We market and sell our products primarily through certified solar installers and regional and national distributors. Initially focused on Southern California, we have since expanded into other markets throughout the United States and Puerto Rico.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 18M | 8.4M | 2.6M | 3.5M | 4.5M | 4.8M |
| Net Income | -9.9M | -5.0M | -2.3M | -2.6M | -5.8M | -7.6M |
| EPS | $-0.28 | $-0.15 | $-0.07 | $-0.08 | $-0.28 | $-0.43 |
| Free Cash Flow | 0 | -4.4M | -1.0M | -2.1M | -1.2M | -884K |
| ROIC | -84.1% | -79.0% | -50.2% | -40.5% | -101.6% | - |
| Gross Margin | 19.0% | 17.9% | 19.3% | 19.9% | 14.9% | 13.4% |
| Debt/Equity | 0.58 | 0.89 | - | - | 0.84 | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -8.1M | -4.7M | -2.3M | -2.6M | -5.8M | -7.7M |
| Operating Margin | -45.0% | -56.0% | -88.4% | -76.3% | -128.7% | -158.6% |
| ROE | -197.5% | -134.2% | - | - | -201.4% | - |
| Shares Outstanding | 36M | 34M | 33M | 33M | 21M | 18M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 4.8M | 4.5M | 3.5M | 2.6M | 8.4M | 18M |
| Gross Margin | 13.4% | 14.9% | 19.9% | 19.3% | 17.9% | 19.0% |
| R&D | 43K | 69K | 30K | 19K | 157K | 222K |
| SG&A | 8.3M | 6.4M | 3.3M | 2.8M | 6.1M | 11M |
| EBIT | -7.7M | -5.8M | -2.6M | -2.3M | -4.7M | -8.1M |
| Op. Margin | -158.6% | -128.7% | -76.3% | -88.4% | -56.0% | -45.0% |
| Net Income | -7.6M | -5.8M | -2.6M | -2.3M | -5.0M | -9.9M |
| Net Margin | -158.5% | -129.8% | -76.4% | -87.1% | -59.7% | -54.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | N/A | -101.6% | -40.5% | -50.2% | -79.0% | -84.1% |
| ROE | N/A | -201.4% | N/A | N/A | -134.2% | -197.5% |
| ROA | -234.4% | -157.2% | -49.7% | -41.3% | -87.9% | -97.7% |
| Cash Flow | ||||||
| Op. Cash Flow | -884K | -1.2M | -2.1M | -1.0M | -4.4M | -7.6M |
| Free Cash Flow | -884K | -1.2M | -2.1M | -1.0M | -4.4M | 0 |
| Owner Earnings | -8.3M | -6.5M | -3.6M | -1.4M | -6.5M | -12M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 7.4M | 5.3M | 1.5M | 432K | 2.1M | 4.6M |
| Debt Repayment | 0 | 0 | 0 | 0 | 2.5M | 2.5M |
| Balance Sheet | ||||||
| Net Debt | -406K | 1.9M | -2.0M | -986K | 1.8M | 2.6M |
| Cash & Equiv. | 426K | 330K | 2.0M | 986K | 795K | 242K |
| Long-Term Debt | 19K | 1.1M | 0 | N/A | N/A | 2.9M |
| Debt/Equity | N/A | 0.84 | N/A | N/A | 0.89 | 0.58 |
| Interest Coverage | -312.0 | -116.2 | -637.6 | N/A | -14.7 | -14.7 |
| Equity | N/A | 2.6M | N/A | N/A | 2.9M | 5.0M |
| Total Assets | 3.3M | 4.1M | 6.5M | 4.7M | 6.8M | 10M |
| Total Liabilities | N/A | 1.5M | N/A | N/A | 3.9M | 5.1M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 1.3M |
| Retained Earnings | -10M | -16M | -18M | -21M | -26M | -33M |
| Working Capital | 3.2M | 2.7M | 6.5M | 4.6M | 3.2M | 4.1M |
| Current Assets | 3.3M | 4.1M | 6.5M | 4.7M | 6.7M | 7.8M |
| Current Liabilities | 94K | 1.5M | 39K | 61K | 3.5M | 3.7M |
| Per Share Data | ||||||
| EPS | -0.43 | -0.28 | -0.08 | -0.07 | -0.15 | -0.28 |
| Owner EPS | -0.47 | -0.31 | -0.11 | -0.04 | -0.19 | -0.34 |
| Book Value | N/A | 0.13 | N/A | N/A | 0.09 | 0.14 |
| Cash Flow/Share | -0.05 | -0.06 | -0.06 | -0.03 | -0.13 | -0.27 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 17.8M | 20.7M | 33.0M | 32.9M | 33.6M | 36.2M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -7.7 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 44.3 | N/A | N/A | 40.4 | 15.6 |
| Price/Sales | 17.3 | 46.6 | 31.4 | 27.1 | 13.2 | 4.3 |
| FCF Yield | -0.7% | -1.0% | -1.9% | -1.2% | -3.8% | N/A |
| Market Cap | 122M | 116M | 111M | 87M | 117M | 78M |
| Avg. Price | 4.71 | 6.28 | 3.27 | 2.18 | 3.31 | 2.15 |
| Year-End Price | 6.84 | 3.50 | 3.34 | 2.64 | 3.50 | 2.15 |
NeoVolta Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 17.1%.
NeoVolta Inc. (NEOV) has a debt-to-equity ratio of 0.89. This indicates moderate leverage.
NeoVolta Inc. (NEOV) reported earnings per share (EPS) of $-0.15 in its most recent fiscal year.
NeoVolta Inc. (NEOV) has a return on equity (ROE) of -134.2%. A negative ROE may indicate losses or negative equity.
NeoVolta Inc. (NEOV) has a 5-year average gross margin of 17.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for NeoVolta Inc. (NEOV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NeoVolta Inc. (NEOV) has a book value per share of $0.09, based on its most recent annual SEC filing.