Key Points – NeoVolta’s third-quarter revenue was flat at about $2 million, but nine-month revenue surged 262% to $13.3 million as the company scales beyond residential storage into commercial, industrial, and utility-scale energy solutions.
Net loss widened to $3 million as operating expenses rose on manufacturing and growth investments. – The Georgia manufacturing facility is moving toward production, with equipment already arriving, installation targeted for June, and initial production expected to ramp in the third quarter of calendar 2026
Management says the site is being structured to qualify for domestic manufacturing incentives and support FEOC-compliant supply chains. – NeoVolta won its first commercial and industrial order from Luminia, valued at about $1.9 million for 40 battery storage units, with a broader collaboration framework that could represent roughly $39 million in potential equipment revenue. The company is also pursuing residential financing models and preparing the NV Wave platform to improve economics amid softer residential demand. NeoVolta (NASDAQ:NEOV) reported third-quarter fiscal 2026 revenue of approximately $2 million, roughly in line with the year-earlier period, while management emphasized progress on its transition from a residential energy storage company into a broader energy solutions platform serving residential, commercial and industrial, and utility-scale markets.
Chief Executive Officer Ardes Johnson said the quarter marked a shift “from vision to execution,” highlighting progress at the company’s Georgia manufacturing facility, its first commercial and industrial purchase order, and continued work on residential financing models intended to offset near-term market softness. The company also announced a leadership transition. Johnson said Jing Nealis will become chief financial officer effective May 18.