NeoVolta Reports Fiscal Year 2025 Revenues of $8.4 Million, up 219% from Year Ago

SAN DIEGO, Sept. 30, 2025 – NeoVolta Inc. (NASDAQ:NEOV), a U.S.-based energy technology company delivering scalable storage, for resilient residential and commercial power infrastructure, reported fiscal Q4 and full year results for the period ending June 30, 2025.

“By executing our go-to-market strategy of expanding distribution, driving dealer growth, introducing new products, and improving unit economics, we dramatically accelerated our growth momentum in 2025. Converting our growing pipeline, we delivered record revenues, up 219% in fiscal 2025 from fiscal 2024 fueled by fiscal Q4 2025 contributions that increased 135% sequentially from fiscal Q3 2025,” said Ardes Johnson, CEO of NeoVolta.

“This is only the start. Our strengthened foundation supports continued revenue growth and margin expansion in fiscal 2026 and beyond, and key expansion initiatives are actively in progress. At RE+ 2025, we launched our commercial and industrial solution battery energy storage system a 250kW / 430kWh and our NV16kW AC hybrid inverter, both of which we believe may be game changers for our installer base. Further, we are pursuing avenues for increasing domestic battery manufacturing and augmenting software solutions that will increase the demand and differentiation of NeoVolta’s premium solutions.”

Recent Operating Highlights

Unveiled a 250kW/430kWh Commercial & Industrial battery energy storage system (BESS) at RE+ 2025, with availability beginning in calendar Q4 2025.
Signed a letter of intent to acquire strategic assets of Neubau Energy, which included the launch of integrated operations during RE+ 2025 and is expected to mitigate the effect of 2026 import tariffs.
Introduced the NV16kW AC hybrid inverter (24kW PV input), which delivers more power and solar integration and sets a new standard for clean energy storage solutions and began pre-sales at RE+ 2025.
Exceeded $3 million in quarterly distributor purchase orders before the end of the June quarter, which was the strongest channel performance in company history.
Achieved record installer growth in Texas, signing over 10% of statewide installers and expanding via our Solartek Distributors, LLC agreement.
Formed a strategic relationship with Virtual Peaker to enable smarter energy storage integration and virtual power plant (VPP) participation.

Fiscal Q4 2025 Financial Highlights

Revenues from contracts with customers increased 720% to $4.8 million in fiscal Q4 2025, compared to the prior year, reflecting rapid expansion of various new sales channels and significant marketing efforts.
Gross margin was 12% in fiscal Q4 2025, reflecting an increase to cost of goods sold that in fiscal Q4 2025 included some marketing expenses. This compared to 3% in the prior year period.
Operating expenses totaled $1.9 million in fiscal Q4 2025, compared to $0.8 million in the prior year period, reflecting increased personnel and marketing costs.
Loss from operations was $1.4 million in fiscal 2025, compared to $0.7 million in the prior year period.
Net loss was $1.6 million, or $(0.05) per basic share, vs. a loss of $0.7 million, or $(0.02) per basic share, in the prior year period.
As of June 30, 2025, cash balance was $0.8 million and net working capital was $3.2 million. The company anticipates that demand for its products will increase over time and that it will have sufficient cash to operate for at least the next 12 months.

Fiscal Year 2025 Financial Highlights

Revenues increased 219% to $8.4 million fiscal 2025, compared to the prior year, primarily due to the rapid expansion of various new sales channels.
Gross margins were 18%, reflecting an increase to cost of goods sold that in fiscal Q4 2025 included some marketing expenses, compared to 19% in fiscal 2025.
Net loss was $5.0 million, or $(0.15) per basic share, compared to $2.3 million, or $(0.07) per basic share, in the prior year.

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

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. Forward-looking statements in this release include, without limitation, the success of the newly launched commercial and industrial solution battery energy storage systems, increasing domestic battery manufacturing, and the closing of the announced the asset acquisition with Neubau Energy. 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 has attempted to identify forward-looking statements by terminology including ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately’ or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under Item 1A. “Risk Factors” in the Company’s most recently filed Form 10-K filed with the Securities and Exchange Commission (“SEC”) and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this release speak only as of its date. 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.

Contacts

Investors

David Barnard, Alliance Advisors IR, [email protected] 415-433-3777

Media
Email: [email protected]
Phone: 800-364-5464

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6) This document contains forward-looking information and forward-looking statements within the meaning of applicable Canadian and United States securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding NeoVolta Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to NeoVolta Inc.’s industry; (b) market opportunity; (c) NeoVolta Inc.’s business plans and strategies; (d) services that NeoVolta Inc. intends to offer; (e) NeoVolta Inc.’s milestone projections and targets; (f) NeoVolta Inc.’s expectations regarding receipt of approval for regulatory applications; (g) NeoVolta Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) NeoVolta Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute NeoVolta Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) NeoVolta Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) NeoVolta Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of NeoVolta Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) NeoVolta Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact NeoVolta Inc.'s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing NeoVolta Inc.’s business operations (e) NeoVolta Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, NeoVolta Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does NeoVolta Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither NeoVolta Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

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