NeoVolta Posts Revenue Increase of 213%
30 Mars 2021 - 5:30PM
InvestorsHub NewsWire
NeoVolta
Posts Revenue
Increase of
213% for Six-Month Period Ending
December 31,
2020
Sales Growth
Driven
by
Wholesale Dealers and
New
Installers
San Diego, CA -- March 30, 2021
-- InvestorsHub NewsWire -- NeoVolta
Inc. (OTCQB:
NEOV) – NeoVolta
Inc., manufacturer of Smart
Energy Storage Solutions, has announced its
financial results for the six-month period ending December 31,
2020. During that period, NeoVolta
posted
$2,545,922 in revenue from contracts
with customers, compared to $812,954 for
the six months ended December 31,
2019.
This 213% increase in
revenue reflects a continuing
growth
in sales
of NeoVolta's
energy
storage
systems, primarily by expanding its network
of wholesale
dealers and installers since launching
sales in July
2019.
NeoVolta
also
reported that it has
not
experienced any adverse impact
from COVID-19
on its financial
performance
or operational
capability. The company
continues
to
monitor the COVID-19
situation
but
does not believe it will
disrupt
NeoVolta's
future
financial performance.
"In 2020, our team met the
challenges of the COVID-19 pandemic," said NeoVolta
CEO
Brent Willson. "We significantly
expanded our distribution
in California
and other states, while making important
upgrades to our products.
We are in a position of strength in early 2021. So as the U.S.
recovery continues, NeoVolta
will continue
to deliver on its mission of delivering energy
resilience and utility savings to American
households."
Recent
Business Highlights:
-
In January
2021,
General James F. Amos, former Commandant of the
Marine Corps, joined NeoVolta's
Board of
Directors.
-
In the second
half of 2020, the company
expanded
beyond California with installations in Nevada, Arizona, and
Utah.
-
That same
month, NeoVolta
was approved for
California's
Common Smart Inverter Profile (CSIP), a set of standards for
interoperability and data communication between a solar inverter
and the electric utility.
About
NeoVolta
-
NeoVolta
designs,
develops and manufactures utility-bill reducing residential energy
storage systems
capable of
powering your home even when the grid goes down. With a focus on
safer Lithium-Iron Phosphate (LiFe(PO4)) chemistry, the NV14 is
equipped with a solar rechargeable 14.4 kWh battery
system, a 7,680-Watt inverter
and a web-based energy management system with 24/7 monitoring. By
storing energy instead of sending it back to the grid, consumers
can protect themselves against blackouts, avoid expensive peak
demand electricity rates charged by utility companies when solar
panels aren't producing, and get one step closer to grid
independence. Customers can expand the
NV14's capacity to an industry-leading 24.0 kWh with the
optional NeoVolta
NV24 add-on
battery. NeoVolta
has added
generator compatibility and is working on other improvements that
will be announced soon.
For
more information visit:
http://www.NeoVolta.com
email us:
IR@NeoVolta.com or call us: 858-239-2029
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 press release
include, without limitation, the future performance,
reliability and safety of NeoVolta's
NV14 storage
system and the ability of the NV14 to be successfully integrated
with
residential backup generators. Although
NeoVolta
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. NeoVolta
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
the "Risk Factors" section of NeoVolta's
most
recent Form 1-K filing filed with the
Securities and Exchange Commission ("SEC") and updated from time to
time in its other public filings with the SEC. Any forward-looking
statements contained in this release speak only as of its
date. NeoVolta
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.
(USOTC:NEOV)
Graphique Historique de l'Action
De Juil 2024 à Août 2024
(USOTC:NEOV)
Graphique Historique de l'Action
De Août 2023 à Août 2024