Company: NEOV
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001683168-25-007304
Chunk: 9

Company: NeoVolta Inc.
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1
Chunk 9
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 successful or that we will ultimately be able to attain profitability.

We have a history of net losses and we are
uncertain about our future profitability.

We have incurred significant
net losses since our inception. For the years ended June 30, 2025 and 2024, we have incurred net losses of $5.0 million and $2.3 million,
respectively. As of June 30, 2025, we had an accumulated deficit of $25.8 million. If our revenue grows more slowly than currently anticipated,
or if operating expenses are higher than expected, we may be unable to consistently achieve profitability, our financial condition will
suffer, and the value of our common stock could decline. Even if we are successful increasing our sales, we may incur losses in the foreseeable
future as we continue to develop and market our products. If sales revenue from any of our current products or any additional products
that we develop in the future is insufficient, or if our product development is delayed, we may be unable to achieve profitability and,
in the event we are unable to secure financing for prolonged periods of time, we may need to temporarily cease operations and, possibly,
shut them down altogether. Furthermore, even if we are able to achieve profitability, we may be unable to sustain or increase such profitability
on a quarterly or annual basis, which would adversely impact our financial condition and significantly reduce the value of our common
stock.

We may experience in the future, delays
or other complications in the design, manufacture, launch and production ramp of our energy storage products which could harm our brand,
business, prospects, financial condition and operating results.

We may encounter unanticipated
challenges, such as supply chain or logistics constraints, that lead to delays in producing and ramping our energy storage products. Any
significant delay or other complication in the production of our products or the development, manufacture, and production ramp of our
future products, including complications associated with expanding our production capacity and supply chain or obtaining or maintaining
regulatory approvals, and/or coronavirus impacts, could materially damage our brand, business, prospects, financial condition and operating
results.

 9 

We may be unable to meet our growing energy
storage production plans and delivery plans, any of which could harm our business and prospects.

Our plans call for achieving
and sustaining significant increases in energy storage systems production and deliveries. Our ability to achieve these plans will depend
upon a number of factors, including our ability to utilize installed manufacturing capacity, achieve the