NeoVolta, Inc. (NEOV) Reports Q4 Loss, Lags Revenue Estimates
NeoVolta (NEOV) reported a quarterly loss of $0.24 per share, significantly worse than the consensus estimate of $0.10 loss, representing a -140% earnings surprise. The company's revenues collapsed to $0.01 million from $4.75 million year-over-year, missing estimates by 99.03%. Despite the poor results, the stock maintains a Zacks Rank #2 (Buy) based on favorable estimate revisions ahead of the earnings release. The company has underperformed the S&P 500 year-to-date, gaining 10.5% versus the market's 13.4%.