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Electrovaya Inc.

03:46 PM EST - Electrovaya Inc. : released the financial results for the fourth quarter of Fiscal 2013 ending September 30, 2013. All amounts are in US dollars. Revenue for the quarter ending September 30, 2013 increased by about 460% to approximately $777,000, up from $139,000 in the quarter ending June 30, 2013 and within the guidance range. Cash and cash equivalents were approximately $2.6 million compared to $3.3 million in the quarter ending June 30, 2013. Loss before amortization, foreign exchange and write downs was reduced by approximately 56% to $650,000 from $1.4 million in the quarter ending June 30, 2013. Electrovaya Inc. shares T.EFL are trading up $0.10 at $0.82.