Apr. 26 at 7:45 AM
$ELPW This is just info based on SEC filings, not investment advice.
I see that so-called expert analysts are referring to 2024 financials when they had 0 revenue or recent 2025 financials. There are a few significant changes that occurred in the first quarter of 2026.
1.
$14.6 M cash raised through two back-to-back public offerings. That should increase net cash flow from
$2.55 M to
$17 M (600% increase).
2. Sold a
$18 M loss-making business unit, which reduces total liabilities from
$50.5 M to
$32.5 M.
These two events together lead to shareholders' equity of
$9.3M (Instead of -
$22.7M mentioned in the 2025 financial report ).
The company claims that shareholders' equity is higher than
$10M, per their recent filing in March 2026.