NeoVolta Q3 revenue flat at $2.0M, net loss $3.0M; appoints Jing Nealis CFO

NeoVolta Inc.

Q3 FY2026 revenue $2.0M flat YoY; net loss $3.0M ($0.08/share) vs $1.4M loss prior year; gross margin improved to 46%.
First C&I purchase order from Luminia for $1.9M for 40 units of NVGAIN-125K261 system.
Georgia manufacturing facility on track; equipment arriving June, production ramp targeted Q3 calendar 2026; JV ownership increased to 80%.
Appointed Jing Nealis as CFO effective May 18, 2026; base salary $425k, RSU grant of 1M shares, PSU tied to $1M customer payments.
Cash $11.5M as of March 31, 2026; new $3M revolving credit facility established in April.

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