The Pendergrass facility ramp and conversion of the 1.1 GWh Infinite Grid Capital LOI into binding orders are the only catalysts that can reverse the trajectory. Monitor Q2 FY2027 results for first production revenue and any additional capital raises given the $25.4M cash position against accelerating burn.
Price Chart
Executive Summary
NeoVolta reported a massive Q4 2026 EPS miss of $-0.24 versus consensus of $-0.10 (-152.6% surprise), with Q4 revenue collapsing to just $13.5K from $4.8M a year ago due to federal tax law changes crushing residential sales. The company is pivoting to utility-scale BESS manufacturing via its Pendergrass, Georgia JV and a strategic SK On cell supply deal, but the near-term financials show severe deterioration and cash burn.
Key Financial Metrics
Key Facts
- Q4 2026 EPS of $-0.24 missed consensus of $-0.10 by 152.6%
- Q4 revenue collapsed to $13.5K from $4.8M in Q4 2025, a 99.7% decline
- Full-year FY2026 revenue grew 58% YoY to $13.3M, but Q4 was essentially zero
- GAAP net loss for FY2026 was $21.5M ($0.55/share) vs $5.0M ($0.15/share) in FY2025
- Q4 GAAP net loss of $11.7M included $3.9M provision for credit losses and $1.1M inventory obsolescence
- Cash burn: operating cash flow used $15.2M in FY2026 vs $4.4M in FY2025
- Cash position $25.4M (including restricted) after May 2026 public offering
- Subsequent to year-end, entered $20M senior secured term loan facility
- Pendergrass facility commissioning underway with production ramp expected in Q2 FY2027
- SK On collaboration signed for up to 18 GWh of combined cell supply and pack manufacturing through 2031
Financial Impact
Q4 revenue fell 99.7% YoY to $13.5K; full-year net loss widened to $21.5M from $5.0M; operating cash burn tripled to $15.2M
Risk Factors
- Residential market may not recover if federal tax policy changes persist
- Pendergrass facility production ramp could face delays or cost overruns
- Cash burn rate of ~$15M/year may require additional dilutive financing within 12-18 months
- Conversion of non-binding LOIs and pipeline into firm orders is uncertain
- SK On collaboration execution risk and potential supply chain disruptions
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3367850 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | EFFECT | $2.46 | awaiting T+20 | — | $2.14 (−13.01%) |
Oct 2, 2026 24d ago | S-3 | $2.96 | awaiting T+20 | — | $2.14 (+27.70%) |
Oct 2, 2026 25d ago | EFFECT | $3.05 | awaiting T+20 | — | $2.14 (+29.84%) |
Sep 28, 2026 29d ago | EFFECT | $2.28 $2.14 | ▲ +6.14% | ▲ +6.11% | $2.14 (+6.14%) |
Sep 23, 2026 4w ago | S-3 | $2.40 $2.13 | ▼ −11.06% | ▼ −10.64% | $2.14 (−10.65%) |
Sep 23, 2026 4w ago | Press Release | $2.40 $2.13 | ▲ +11.06% | ▲ +10.64% | $2.14 (+10.65%) |
May 28, 2026 21w ago | Press Release | $2.00 $2.07 | ▼ −3.50% | ▼ −6.64% | $2.14 (−7.00%) |
May 28, 2026 21w ago | Press Release | $2.00 $2.07 | ▲ +3.50% | ▲ +6.64% | $2.14 (+7.00%) |
May 14, 2026 23w ago | Press Release | $2.56 $1.78 | ▲ +30.47% | ▲ +32.59% | $2.14 (+16.41%) |
May 4, 2026 25w ago | Press Release | $2.58 $1.98 | ▼ −23.26% | ▼ −28.90% | $2.14 (−17.05%) |
US Market Status
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