NeoVolta reports 219% revenue surge in fiscal 2025, unveils new products

SAN DIEGO - NeoVolta Inc. (NASDAQ:NEOV), a U.S. energy technology company focused on storage solutions, reported a 219% increase in annual revenue for fiscal year 2025, according to a company press release. InvestingPro data confirms this exceptional growth rate, with analysts anticipating continued sales expansion in the current year.

The company posted revenues of $8.4 million for the fiscal year ending June 30, 2025, up from $2.6 million in the previous year. Fourth-quarter revenue reached $4.8 million, representing a 720% increase compared to the same period last year and a 135% sequential increase from the third quarter.

Despite the revenue growth, NeoVolta reported a net loss of $5 million, or $0.15 per share, compared to a loss of $2.3 million, or $0.07 per share, in fiscal 2024. Gross margin for the year was 18%, slightly down from 19% in the previous year.

The company unveiled new products at the RE+ 2025 event, including a 250kW/430kWh Commercial & Industrial battery energy storage system scheduled for availability in the fourth quarter of calendar 2025, and a NV16kW AC hybrid inverter with 24kW PV input capability.

NeoVolta also signed a letter of intent to acquire strategic assets from Neubau Energy, which the company stated is expected to help mitigate the effect of 2026 import tariffs.

The company reported a cash balance of $794,836 as of June 30, 2025, with net working capital of $3.2 million. Operating expenses increased to $6.2 million for the year, up from $2.8 million in fiscal 2024, reflecting higher personnel and marketing costs. InvestingPro analysis shows the company maintains a healthy current ratio of 1.9, indicating sufficient liquid assets to meet short-term obligations, while operating with a moderate debt level.

NeoVolta expanded its installer network in Texas, signing over 10% of statewide installers, and formed a strategic relationship with Virtual Peaker to enable virtual power plant participation.

In other recent news, NeoVolta Inc. unveiled its new 250kW/430kWh commercial and industrial battery energy storage system at the RE+ 2025 conference. This system features a modular design that supports various energy management functions and is suitable for a range of applications. Additionally, NeoVolta announced the introduction of its NV16kW AC hybrid inverter, which will be available for pre-order at the trade show, with general availability set for November 2025. The inverter is designed for whole-home backup power and is compatible with existing solar installations.

NeoVolta also signed a letter of intent to acquire strategic assets from Neubau Energy, aiming to enhance its presence in the residential energy storage market. This acquisition is part of NeoVolta’s strategy to circumvent anticipated 2026 battery import tariffs. NeoVolta and Neubau Energy are currently showcasing their integrated platform at the RE+ 2025 trade show, with NeoVolta’s sales team already taking orders for Neubau’s installation systems. These developments reflect NeoVolta’s ongoing efforts to expand its product offerings and market reach.

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