NeoVolta (NEOV) Shares Tumble 16% After Hours: Here’s Why

NeoVolta Inc. (NASDAQ: NEOV) shares dropped 16.09% to $2.66 in after-hours trading following the release of its fiscal 2026 financial results, which showed a revenue increase of 58% to $13.3 million but a net loss of $21.5 million. The fourth-quarter revenue was approximately $13,500, compared to $4.8 million in the same quarter last year. The company also reported a negative adjusted EBITDA of $12.8 million and has a market capitalization of about $174.05 million, with shares down 42.88% over the past year.