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 industry leading improvements that will be announced soon.
Company profile
Ticker
NEOV, NEOVW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Spectrum Brands • Enersys • Sunrun • Energizer • Atkore • Integer • Fluence Energy • CBAK Energy Technology • Novanta • Advent Technologies ...
Former names
NeoVolta, Inc.
SEC CIK
IRS number
825299263
NEOV stock data
Latest filings (excl ownership)
10-Q
2022 Q1
Quarterly report
10 Nov 22
10-K/A
2022 FY
Annual report (amended)
28 Oct 22
S-8
Registration of securities for employees
11 Oct 22
10-K
2022 FY
Annual report
27 Sep 22
8-K
NeoVolta Announces Closing of Underwriters’ Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering
8 Aug 22
8-K
NeoVolta Announces Pricing of $3.9 Million Public Offering Priced at a Premium to Market and Uplisting to Nasdaq
1 Aug 22
424B4
Prospectus supplement with pricing info
29 Jul 22
EFFECT
Notice of effectiveness
28 Jul 22
CERT
Certification of approval for exchange listing
27 Jul 22
CORRESP
Correspondence with SEC
25 Jul 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Annual (USD) | Jun 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | |||
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 3.99 mm | 3.99 mm | ||||
| Cash burn (monthly) | 231.48 k | 39.38 k | ||||
| Cash used (since last report) | 904.48 k | 153.87 k | ||||
| Cash remaining | 3.09 mm | 3.84 mm | ||||
| Runway (months of cash) | 13.3 | 97.5 | ||||
Institutional ownership, Q3 2022
3.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 15 |
| Opened positions | 14 |
| Closed positions | 1 |
| Increased positions | 1 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 5.53 mm |
| Total shares | 1.12 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 365.14 k | $1.84 mm |
| BLK Blackrock | 293.16 k | $1.48 mm |
| Geode Capital Management | 248.89 k | $1.25 mm |
| Cambridge Investment Research Advisors | 55.36 k | $278.00 k |
| AE Wealth Management | 53.97 k | $271.00 k |
| NTRS Northern Trust | 23.60 k | $119.00 k |
| Hudson Bay Capital Management | 22.10 k | $37.00 k |
| Gofen & Glossberg | 20.00 k | $101.00 k |
| Charles Schwab Investment Management | 12.96 k | $66.00 k |
| Pure Financial Advisors | 10.75 k | $54.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Jan 23 | Willson Brent | Common Stock | Option exercise | Acquire M | No | No | 0 | 50,000 | 0.00 | 50,000 |
| 1 Jan 23 | Willson Brent | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 50,000 | 0.00 | 100,000 |
| 1 Jan 23 | Bond Steve | Common Stock | Option exercise | Acquire M | No | No | 0 | 250,000 | 0.00 | 750,000 |
| 1 Jan 23 | Bond Steve | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 250,000 | 0.00 | 50,000 |
| 28 Oct 22 | James F Amos | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 78,000 |
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