NeoVolta Sets New Sales Record in April, Surpassing Entire First Quarter in a Single Month

Rhea-AI Summary

NeoVolta has announced a remarkable sales milestone, with projected April 2025 revenue exceeding $2 million - surpassing the company's entire first quarter 2025 revenue estimate. This achievement follows a strong Q1 2025 performance that saw a 600% year-over-year increase.

The energy storage solutions provider's growth is driven by:

• Expanding installer network
• Rapid market penetration in Texas
• Strengthened distribution channels
• Rising demand for backup power solutions

CEO Ardes Johnson views this record-breaking performance as just the beginning of their growth trajectory. The company's expansion is supported by increasing grid instability concerns, rising energy costs, and weather-related disruptions. Final Q1 2025 financial results are expected in May 2025.

Positive

• April 2025 revenue projected to exceed $2M, surpassing entire Q1 2025 performance
• Q1 2025 showed 600% year-over-year revenue growth
• Successful market expansion into Texas
• Growing installer network and strengthened distribution channels
• Strong demand growth in key U.S. markets

Negative

• Revenue projections are preliminary and unaudited
• Heavy reliance on preliminary internal estimates for forward-looking statements

News Market Reaction – NEOV

+15.99%

1 alert

+15.99% News Effect

On the day this news was published, NEOV gained 15.99%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

April 2025 Revenue Expected to Shatter Previous Company Highs as Nationwide Growth Accelerates

SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), a U.S.-based energy technology company delivering scalable energy storage solutions for resilient residential and commercial power infrastructure, today announced that, based on preliminary internal estimates, April 2025 revenue is projected to exceed $2 million — surpassing the company’s total estimated revenue for the entire first quarter of 2025.

NeoVolta previously projected unaudited first quarter revenue exceeding $2 million, representing a year-over-year increase of more than 600%. Now, just one month later, April alone is projected to outperform that milestone — signaling a powerful acceleration in demand across key U.S. markets.

“Delivering record-breaking revenue in April — immediately following a record-breaking first quarter — is a clear signal that our growth trajectory is just beginning,” said Ardes Johnson, Chief Executive Officer of NeoVolta. “We believe this momentum will continue to build as we expand into new markets, grow our installer network, and capitalize on rising demand for reliable, cost-saving energy storage solutions. Even greater milestones lie ahead as we execute our strategy and scale NeoVolta.”

NeoVolta’s rapid expansion is fueled by surging demand for backup power amid ongoing grid instability, rising energy costs, and weather-related disruptions. The company’s broadened installer network, rapid market penetration in Texas, and strengthened distribution are driving this next phase of growth.

NeoVolta expects to announce finalized financial results for the first quarter of 2025 in May 2025.

About NeoVolta

NeoVolta is a leading innovator in energy storage solutions dedicated to advancing the future of clean energy. Founded to provide reliable, sustainable, and high-performance energy storage systems, the company has quickly established itself as a critical player in the industry. NeoVolta’s flagship products are designed to meet the growing demand for efficient energy management in residential and commercial applications. With a focus on cutting-edge technology and strategic partnerships, NeoVolta is committed to driving progress in renewable energy and enhancing how the world stores and uses power.

For more information visit: www.NeoVolta.com

Contact: Investor Relations

Email: press@neovolta.com

Forward-Looking Statements

Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.

FAQ

How much revenue did NeoVolta (NEOV) generate in April 2025?

NeoVolta (NEOV) projects revenue exceeding $2 million in April 2025, surpassing their entire first quarter 2025 revenue in a single month.

What is NeoVolta's (NEOV) revenue growth rate in Q1 2025?

NeoVolta reported a 600% year-over-year revenue increase in Q1 2025, with unaudited revenue exceeding $2 million.

What is driving NeoVolta's (NEOV) rapid revenue growth in 2025?

NeoVolta's growth is driven by increased demand for backup power due to grid instability, rising energy costs, weather disruptions, expanded installer network, and rapid market penetration in Texas.

When will NeoVolta (NEOV) release Q1 2025 financial results?

NeoVolta plans to announce finalized financial results for the first quarter of 2025 in May 2025.

What markets is NeoVolta (NEOV) expanding into for 2025?

NeoVolta is actively expanding its installer network across U.S. markets, with specific emphasis on Texas market penetration and strengthened distribution channels.