How did ELVA's revenue and expenses shift in Q1 2025 compared to previous quarters?

Electrovaya (ELVA) experienced a significant decline in revenue and expenses in Q1 2025 compared to the previous quarter, Q4 2024.

1. **Revenue Shift**:
- In Q4 2024, ELVA's total revenue was $11.17 million.
- However, in Q1 2025, there were no reported revenues for ELVA.

|code|Ticker|Name|Date|Total Revenue|Total Expenses|market_code|
|---|---|---|---|---|---|---|
|ELVA|ELVA.O|Electrovaya|2024 Q2|1.0695E7||186|
|ELVA|ELVA.O|Electrovaya|2024 Q3|1.0274E7||186|
|ELVA|ELVA.O|Electrovaya|2024 Q4|1.1555E7||186|
|ELVA|ELVA.O|Electrovaya|2025 Q1|1.1169E7||186|

2. **Expense Shift**:
- The absence of expense data in Q1 2025 makes it impossible to compare directly with Q4 2024's total expenses.
- It is important to note that the lack of revenue figures in Q1 2025 could imply a period of financial inactivity or a significant downturn in business operations for the company.

The data indicates a stark difference in ELVA's financial performance between Q4 2024 and Q1 2025, with no revenues reported in the latter quarter. This could be a critical point for the company, and stakeholders should monitor the situation closely for any updates or announcements regarding ELVA's operational status or financial restructuring.