Envirotech Vehicles FY25 net loss widens to $39.1 million; revenue more than doubled to $5.9 million

• Envirotech Vehicles posted fiscal 2025 net loss of $39.1 million, widening from $8.8 million.
• Revenue more than tripled to $5.9 million, driven by $5.6 million from medical supplies as EV segment sales slipped to $349,000.
• Gross margin swung to negative 222% from 26% on cost of goods sold jumping to $19.1 million, due to $6 million in inventory write-downs and $7 million in inventory deposit write-offs.
• Operating expenses climbed to $25.5 million, including $10.1 million goodwill impairment and $3.3 million impairment of intangible assets.
• Management flagged substantial doubt about going concern, citing $0.4 million cash at year-end and negative working capital of $9.8 million; March 2026 debenture financing is expected to generate gross proceeds of about $10.5 million, with $3.8 million from the first tranche already closed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Envirotech Vehicles Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-012170), on April 13, 2026, and is solely responsible for the information contained therein.