NeoVolta Reports Financial Results for Quarter Ended September 30, 2026
Globe Newswire•12/11/2026•16:15 ET
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Key Highlights
- ➤Revenue $2.8 million, versus approximately $13.5 thousand sequentially
- ➤Gross profit $1.0 million, or 36.5% of revenue
- ➤Utility-scale master purchase agreement totals $116M for Georgia-built BESS products
- ➤SK On agreement covers 9 GWh of U.S.-manufactured LFP cells through 2031
- ➤Cash, restricted cash and equivalents reached $28.8 million after $20 million term loan
Expert Statements
Ardes Johnson, Chief Executive Officer of NeoVolta
“Our focus is straightforward: execute the Pendergrass ramp, meet customer requirements and convert pipeline to committed backlog”
Ardes Johnson, Chief Executive Officer of NeoVolta
“The backlog from utility-scale and C&I customers and residential recovery going into 2027 give us a more defined foundation for growth”
Ardes Johnson, Chief Executive Officer of NeoVolta
“Our pipeline remains robust, with continued interest in U.S.-made energy storage systems, and our priority is to deliver against the opportunities we have secured.”
Jing Nealis, Chief Financial Officer of NeoVolta
“Our results for the quarter ended September 30, 2026 reflect initial execution of our residential TPO business model alongside continued investment in our manufacturing platform and operating capabilities”
Jing Nealis, Chief Financial Officer of NeoVolta
“We ended the quarter with $28.8 million in cash, restricted cash and cash equivalents following the completion of our senior secured term loan financing.”
Jing Nealis, Chief Financial Officer of NeoVolta
“As we prepare for increased manufacturing activity, our capital allocation priorities remain focused on working capital, customer delivery requirements and disciplined investment aligned with our customers demand.”
Residential revenue rebounds sequentially, supported by initial third-party ownership platform activity
Utility-scale $116M Master Purchase Agreement for products built at the Georgia facility with deliveries anchoring the plant’s 2027 production ramp
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