- Projected revenue growth of over 225% for fiscal year 2025
- Third consecutive record-breaking quarter with ~$5 million quarterly revenue
- Growth rate 10x higher than industry average of 20%
NeoVolta Inc. (NASDAQ: NEOV), a prominent U.S.-based energy technology company, has unveiled preliminary results indicating a robust outlook for its fiscal fourth quarter. The company is anticipating its third consecutive record-setting quarter, with estimated revenue reaching approximately $5 million.
The company expects its full-year revenue for fiscal 2025 to soar over 225% compared to fiscal 2024. This remarkable growth underscores an acceleration that significantly outpaces the residential energy storage industry's typical annual growth rate of about 20%.
NeoVolta's CEO, Ardes Johnson, emphasized the company's success in scaling production and capturing market share, attributing this growth to product differentiation and operational momentum in the dynamic residential energy storage market. The demand for NeoVolta’s American-assembled battery systems remains strong amid rising utility rates and declining grid reliability. These factors, combined with the availability of tax incentives for U.S.-based assembly, provide a solid foundation for the company's continued expansion.
The company’s trajectory is supported by its strategic positioning to capitalize on the growing interest in energy independence among homeowners. As NeoVolta (NEOV, Financial) continues to expand its partnerships and distribution channels, maintaining its current growth momentum is a key strategic focus.
