NeoVolta Inc.

Listed Company

NEOVCIK 0001748137NasdaqEmerging GrowthMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Jun 30

Period

FY 2025

Revenue

$8.43M

Net Income

$-5.03M

Total Assets

$6.81M

Equity

$2.91M

Shares Out

42.58M

Op. Cash Flow

$-4.43M

Business

NeoVolta Inc. designs and manufactures high-performance energy storage systems for residential and commercial applications. Its product lineup includes the NV14, NV24 expansion battery, NVPlus, NV7600 stand-alone inverter, the NV16 kW AC hybrid inverter, and a 250 kW/430 kWh commercial & industrial battery energy storage system, all using LiFePO4 chemistry and hybrid inverter capability. Key business segments comprise residential, light commercial, and an emerging commercial & industrial (C&I) division, supported by product development and certification efforts. NeoVolta primarily sells through certified solar installers and regional and national distributors across the United States and Puerto Rico, supporting both AC- and DC-coupled solar configurations.

Summary from filing dated 2025-09-29

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues from contracts with customers	8	3	3	4	5
Cost of goods sold	7	2	3	4	4
Gross profit	2	510,347	687,995	667,133	647,715
General and administrative	6	3	3	6	8
Research and development	157,305	19,154	29,936	68,503	42,801
Total operating expenses	6	3	3	6	8
Loss from operations	−5	−2	−3	−6	−8
Interest income	2,011	33,644	0	—	—
Interest expense	−320,417	0	−4,134	—	—
Total other income (expense)	−318,406	33,644	−4,134	−49,544	5,079
Net loss	−5	−2	−3	−6	−8
Weighted average shares outstanding - basic	34	33	32	21	18
Weighted average shares outstanding - diluted	34	33	32	21	18
Net loss per share - basic	−0.15	−0.07	−0.08	−0.28	−0.43
Net loss per share - diluted	−0.15	−0.07	−0.08	−0.28	−0.43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	794,836	986,427	2	330,385	425,681
Accounts receivable, net	3	2	2	1	1
Inventory, net	2	2	3	2	2
Prepaid expenses and other current assets (including prepaid inventory in amount of $535,938 and -0- as of June 30, 2025 and 2024, respectively)	748,044	76,815	96,119	239,001	45,926
Total current assets	7	5	7	4	3
Lease right-of-use asset, net	140,540	0	—	—	—
Total assets	7	5	7	4	3
Accounts payable	689,216	5,316	0	205,600	53,510
Accrued liabilities	78,934	55,784	39,491	127,356	36,821
Lease liability	140,540	0	—	—	—
Short-term notes payable	3	0	—	—	—
Total current liabilities	4	61,100	39,491	1	94,249
Payable to line of credit lender	383,538	0	—	—	—
Total liabilities	4	61,100	39,491	2	113,557
Commitments and contingencies (Note 5)	—	—	—	—	—
Common stock, $0.001 par value, 100,000,000 shares authorized,34,124,873 shares and 33,236,091 shares issued and outstanding, respectively	34,125	33,236	33,155	21,978	19,641
Additional paid-in capital	29	25	25	18	13
Accumulated deficit	−26	−21	−18	−16	−10
Total stockholders' equity	3	5	6	3	3
Total liabilities and stockholders' equity	7	5	7	4	3

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Stock compensation expense	2	432,367	2	5	7
Amortization of ROU asset	80,570	0	—	—	—
Provision for expected credit losses/bad debt expense	−4,253	540,000	490,000	0	—
Reserve for obsolete inventory	−90,000	90,000	0	—	—
Accounts receivable	−2	−519,595	−998,647	−189,294	−737,332
Inventory	131,864	703,263	−342,363	−576,068	−108,844
Prepaid expenses and other current assets	−606,429	19,304	142,882	−193,075	104,089
Accounts payable	683,900	5,316	−205,600	152,090	49,850
Accrued expenses	23,150	16,293	−83,731	140,076	24,917
Operating lease obligation	−80,570	0	—	—	—
Net cash flows used in operating activities	−4	−1	−2	−1	−883,623
Proceeds of private equity offering	1	0	—	—	—
Borrowings under line of credit	500,000	0	—	—	—
Repayments of line of credit	−116,462	0	—	—	—
Borrowings under short-term nots payable	5	0	—	—	—
Repayments of short-term nots payable	−3	0	—	—	—
Proceeds from exercise of common stock warrants	160,400	0	—	—	—
Net cash flows from financing activities	4	0	4	1	0
Net decrease in cash and cash equivalents	−191,591	−1	2	−95,296	−883,623
Cash paid for interest	136,580	0	0	0	0
Cash paid for income taxes	0	0	0	0	0
ROU asset recognized from operating lease	221,110	0	—	—	—

Filings

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