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Electrovaya Inc (EFL.TO)

EFL.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Electrovaya reports Q2 net loss of $6.3 million
Thursday, 11 May 2017 04:29pm EDT 

May 11 (Reuters) - Electrovaya Inc :Electrovaya reports financial results for Q2 2017.Electrovaya Inc - inventory is $15.6 million as at March 31, 2017 as compared to $11.7 million for March 31, 2016.Electrovaya Inc - net loss for Q2 2017 is $6.3 million compared to a net loss for Q2 2016 of $3.1 million.Electrovaya Inc - Q2 2017 revenue is $2 million for quarter ended March 31, 2017, compared to Q2 2016 revenue of $4.3 million.  Full Article

Electrovaya announces proposed private placement of convertible debentures
Wednesday, 15 Mar 2017 04:00pm EDT 

Electrovaya Inc : Electrovaya announces proposed private placement of convertible debentures . Electrovaya Inc says to complete a non-brokered private placement of convertible unsecured subordinated debentures for gross proceeds of up to $25 million . Electrovaya Inc - debentures will have a term to maturity of 36 months and bear interest at a rate of 9 pct per annum, payable semi-annually .Electrovaya Inc - net proceeds of sale of debentures will be used for working capital to fulfill purchase orders, and for general corporate purposes.  Full Article

Electrovaya reports Q1 2017 revenue of $1.1 million
Monday, 13 Feb 2017 05:13pm EST 

Electrovaya Inc : Electrovaya reports financial results for Q1 2017 . Electrovaya Inc - Inventory is $17.9 million as at December 31, 2016 as compared to $9.8 million for December 31, 2015 . Q1 2017 revenue is $1.1 million for quarter ended December 31, 2016, compared to Q1 2016 revenue of $8.2 million .Electrovaya Inc - Net loss for Q1 2017 is $2.4 million compared to net profit for Q1 2016 of $3.3 million.  Full Article

Electrovaya signs working capital facility loan agreement
Tuesday, 19 Jul 2016 06:00am EDT 

Electrovaya Inc :Entered into a definitive loan agreement with a top three Canadian chartered bank for a us $10 million (CDN $13 million) credit facility.  Full Article

Electrovaya's unit signs MOU
Wednesday, 6 Jul 2016 06:00am EDT 

Electrovaya Inc :Electrovaya's subsidiary Litarion signs MOU with a major OEM in e-mobility industry, for delivery of lithium ION battery modules.  Full Article

Electrovaya signs LOI for residential energy storage battery modules
Wednesday, 15 Jun 2016 10:50am EDT 

Electrovaya Inc: Signed a letter of intent with a global original equipment manufacturer for delivery of battery modules for residential energy storage . High volume deliveries are scheduled to start in early Q1 CY2017 with smaller quantities with delivery in CY2016 .Demand for co's battery modules by OEM, estimated to be up to Euro 199 million over a period of 3 years.  Full Article

Electrovaya's subsidiary Litarion signs MOU with leading OEM
Tuesday, 14 Jun 2016 07:47am EDT 

Electrovaya Inc : Electrovaya's subsidiary Litarion signs MOU with a leading OEM, with operations in Europe and Asia, to deliver lithium ion cells for electric buses . Deliveries start in Q4, CY 2016 and then "grow quickly" into 2017 .MOU also sets out specific cell pricing and specific cells sizes and energy capacity to be delivered to OEM.  Full Article

Electrovaya says Q2 revenue is $4.3 mln
Friday, 13 May 2016 04:53pm EDT 

Electrovaya : Electrovaya inc says Q2 fy2016 revenue is $4.3 million, up 653% over Q2 fy2015 .Electrovaya reports Q2 fy2016 revenue up 650% over Q2 fy2015.  Full Article

Electrovaya 's German subsidiary receives Euro 18.5 Million (Cdn $27 Million) Contract
Tuesday, 1 Sep 2015 07:00am EDT 

Electrovaya Inc:Announces that its wholly owned subsidiary, Litarion GmbH, has signed a contract for about Euro 18.5 million (C$ 27.3 million) to supply Lithium Ion battery products to a German company in the non-automotive space.Says about Euro 2.8 million (C$4.1) of the contract will be delivered in 2015.  Full Article

Electrovaya appoints Richard Halka as CFO
Friday, 17 Jul 2015 07:24am EDT 

Electrovaya Inc:Says Richard Halka succeeds Paul L. Hart in the role of CFO.  Full Article

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BRIEF-Electrovaya reports Q2 net loss of $6.3 million

* Electrovaya Inc - inventory is $15.6 million as at March 31, 2017 as compared to $11.7 million for March 31, 2016