Record Results Fuel Investor Optimism for This Small Cap’s Energy Storage Future

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Tuesday, November 11, 2025

When it comes to investing, a strong bottom line remains the most important factor, fundamentals always win out over time. Today, one energy storage solutions company is seeing a strong day of trading after impressing shareholders with solid financial results.

NeoVolta Inc. (NASDAQ: NEOV) announced record financial results for the first quarter of fiscal 2026, marking its fourth straight quarter of record performance. Revenue surged to $6.7 million, representing a 1,027% year-over-year increase from the same period last year, fueled by the company’s expansion beyond Southern California into broader U.S. markets and installer networks. Improved access to financing options also helped drive adoption of NeoVolta’s residential and commercial energy storage solutions. The company achieved a 24% gross margin, up from 16% a year earlier, thanks to manufacturing efficiencies and volume growth. Management expects margins to continue improving as operations scale and higher-margin products from Neubau are integrated.

Operating expenses rose to $2.4 million from $1.1 million, reflecting strategic investments in leadership, personnel, and infrastructure to sustain rapid growth. Despite the increase, NeoVolta’s operating loss narrowed to $854,000 from $966,000 a year ago, aided by stronger sales and improved margins. The company reported a net loss of $1.2 million, or $(0.04) per share, which includes interest expenses tied to new credit facilities established to support inventory and working capital. NeoVolta ended the quarter with $890,000 in cash and $2.7 million in net working capital, along with access to up to $9 million in total credit facilities, resources management believes are sufficient to fund operations over the next 12 months.

“The closing of our acquisition of select assets from Neubau Energy in October marks a pivotal milestone for NeoVolta’s growth strategy. By integrating modular battery technologies and next-generation manufacturing capabilities, NeoVolta is expanding its addressable market, strengthening margins, and enhancing its ability to deliver industry-leading energy storage solutions. The newly appointed executive leaders, previously with Neubau, bring valuable expertise to support product development and innovation. The first neuClick modular battery systems, benefiting from fast installation and tariff-free access, are already generating strong pre-order demand and are expected to ship early next year. Complementing these initiatives, NeoVolta continues improving its domestic manufacturing footprint and expanding software offerings, laying a strong foundation for sustainable, long-term growth,” said Ardes Johnson, Chief Executive Officer of NeoVolta.

Shares of NEOV are currently trading up 12% at $4.704 in mid-morning trading.

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