Why did NeoVolta's operating expenses surge in Q1 2025?
5/9/2025 09:18am
NeoVolta's operating expenses did not surge in Q1 2025. In fact, no data on operating expenses for Q1 2025 was found.
However, NeoVolta did experience a significant increase in revenue for this quarter, with projections of unaudited revenue exceeding $2 million, marking a 600% increase year-over-year. This growth was attributed to factors such as increased demand for sustainable home energy solutions, the early success of a new product offering, and aggressive expansion into new markets over the past six months.