NeoVolta, Inc. reported rapid growth but higher losses for the quarter ended December 31, 2025. Quarterly revenue rose to $4.65 million from $1.07 million a year earlier, and six‑month revenue climbed to $11.30 million from $1.66 million, driven by expanded sales channels beyond Southern California.
Despite this growth, profitability deteriorated. NeoVolta posted a quarterly net loss of $5.54 million versus $0.97 million and a six‑month net loss of $6.78 million versus $1.94 million, mainly from sharply higher general and administrative costs of $7.46 million over six months, including $3.02 million of non‑cash stock compensation and expenses tied to new leadership and staff.
Cash flow from operations used $4.58 million in the first half, leaving cash of $0.24 million at December 31, 2025, alongside a line‑of‑credit balance of $0.63 million and $2.88 million in short‑term notes. The company bolstered liquidity with a December 2025 private offering raising $3.0 million, a January 2026 registered direct offering raising $10.0 million, and additional private equity of $10.0 million tied to a new joint venture.
NeoVolta acquired assets from Neubau Energy for about $1.5 million, adding intellectual property and equipment, and formed a battery manufacturing joint venture in the southeastern U.S. where it holds 60% and has agreed to contribute up to $40 million in capital. Management believes existing credit facilities and recent equity proceeds will fund operations for at least 12 months, but a material weakness in internal controls related to segregation of duties remained as of December 31, 2025.
NeoVolta, Inc. reported rapid growth but higher losses for the quarter ended December 31, 2025. Quarterly revenue rose to $4.65 million from $1.07 million a year earlier, and six‑month revenue climbed to $11.30 million from $1.66 million, driven by expanded sales channels beyond Southern California.
Despite this growth, profitability deteriorated. NeoVolta posted a quarterly net loss of $5.54 million versus $0.97 million and a six‑month net loss of $6.78 million versus $1.94 million, mainly from sharply higher general and administrative costs of $7.46 million over six months, including $3.02 million of non‑cash stock compensation and expenses tied to new leadership and staff.
Cash flow from operations used $4.58 million in the first half, leaving cash of $0.24 million at December 31, 2025, alongside a line‑of‑credit balance of $0.63 million and $2.88 million in short‑term notes. The company bolstered liquidity with a December 2025 private offering raising $3.0 million, a January 2026 registered direct offering raising $10.0 million, and additional private equity of $10.0 million tied to a new joint venture.
NeoVolta acquired assets from Neubau Energy for about $1.5 million, adding intellectual property and equipment, and formed a battery manufacturing joint venture in the southeastern U.S. where it holds 60% and has agreed to contribute up to $40 million in capital. Management believes existing credit facilities and recent equity proceeds will fund operations for at least 12 months, but a material weakness in internal controls related to segregation of duties remained as of December 31, 2025.
NeoVolta, Inc. filed an amended report to clarify the circumstances of a recent leadership change. The company previously reported the termination of employment of an officer but omitted that it resulted from the officer’s own resignation.
The amendment states that on January 30, 2026, Chief Product Officer Michael Mendik resigned from NeoVolta, effective immediately. No additional details about the reasons for his departure or any related compensation changes are provided in this excerpt.
NeoVolta, Inc. filed an amended report to clarify the circumstances of a recent leadership change. The company previously reported the termination of employment of an officer but omitted that it resulted from the officer’s own resignation.
The amendment states that on January 30, 2026, Chief Product Officer Michael Mendik resigned from NeoVolta, effective immediately. No additional details about the reasons for his departure or any related compensation changes are provided in this excerpt.
Davidson Kempner Capital Management and related funds report beneficial ownership of 1,704,185 shares of NeoVolta Inc. common stock, or 4.45% of the class. This percentage is based on 38,296,525 shares outstanding as disclosed in NeoVolta’s January 23, 2026 prospectus.
The filing shows that the Davidson Kempner entities now own 5 percent or less of NeoVolta’s common stock, after previously being deemed to hold more than 5 percent as of the event date of January 22, 2026. The reporting parties certify the shares are not held to change or influence control of NeoVolta.
NeoVolta, Inc. is conducting a registered direct primary offering of 2,100,841 shares of common stock at $4.76 per share, raising gross proceeds of approximately $10.0 million. After placement agent fees and estimated expenses, the company expects net proceeds of about $9.2 million, which it plans to use for working capital, capital expenditures, and general corporate purposes, including further development and marketing of its energy storage products.
The offering is being arranged on a reasonable best-efforts basis by Needham & Company as sole placement agent, with expected closing around January 26, 2026, subject to customary conditions. NeoVolta notes that new investors will experience immediate dilution relative to the company’s historical net tangible book value and that future equity issuances, option and warrant exercises, and RSU settlements could cause further dilution.
NeoVolta, Inc. is conducting a registered direct primary offering of 2,100,841 shares of common stock at $4.76 per share, raising gross proceeds of approximately $10.0 million. After placement agent fees and estimated expenses, the company expects net proceeds of about $9.2 million, which it plans to use for working capital, capital expenditures, and general corporate purposes, including further development and marketing of its energy storage products.
The offering is being arranged on a reasonable best-efforts basis by Needham & Company as sole placement agent, with expected closing around January 26, 2026, subject to customary conditions. NeoVolta notes that new investors will experience immediate dilution relative to the company’s historical net tangible book value and that future equity issuances, option and warrant exercises, and RSU settlements could cause further dilution.
NeoVolta, Inc. entered into a securities purchase agreement for a registered direct offering of 2,100,841 shares of common stock at $4.76 per share. This is expected to generate approximately $10 million in gross proceeds, which the company plans to use for working capital and general corporate purposes. The closing is expected on or about January 26, 2026, subject to customary conditions.
NeoVolta also provided preliminary financial data, indicating cash and cash equivalents of $242,434 as of December 31, 2025. For the three months ended December 31, 2025, it anticipates revenue between $4.4 million and $4.6 million and gross profit between $700,000 and $800,000, noting these figures are estimates and may change after normal closing procedures.
NeoVolta, Inc. entered into a securities purchase agreement for a registered direct offering of 2,100,841 shares of common stock at $4.76 per share. This is expected to generate approximately $10 million in gross proceeds, which the company plans to use for working capital and general corporate purposes. The closing is expected on or about January 26, 2026, subject to customary conditions.
NeoVolta also provided preliminary financial data, indicating cash and cash equivalents of $242,434 as of December 31, 2025. For the three months ended December 31, 2025, it anticipates revenue between $4.4 million and $4.6 million and gross profit between $700,000 and $800,000, noting these figures are estimates and may change after normal closing procedures.