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Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul style="list-style-type: disc;"><li>In 3Q23, Electrovaya achieved revenue of $10.5 million, a 160% Y/Y increase from $4.1 million in 3Q22.</li><li>The increase in revenue was due to increased order volume and a ramp-up in production to meet demand.</li><li>Guidance of $42 million for the year has been reiterated.</li></ul>

In 3Q23, Electrovaya achieved revenue of $10.5 million, a 160% Y/Y increase from $4.1 million in 3Q22.The increase in revenue was due to increased order volume and a ramp-up in production to meet demand.Guidance of $42 million for the year has been reiterated.

Electrovaya, Inc. - 3Q23 Results: Revenue of $10.5 Million