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PRESS RELEASE
Electrovaya Provides a Shareholder Update including Unaudited Preliminary FY2024 Annual Financial Results and Positive Outlook for 2025
Electrovaya Inc. reports unaudited FY2024 revenue estimate of $45 million with 31% gross margin, anticipates improved FY2024 operating profit and FY2025 revenues exceeding $60 million driven by renewed demand from largest end users. US EXIM Bank approves $51 million direct loan for Jamestown battery manufacturing expansion