Electrovaya Inc. (TSX:EFL) reported 2012 first quarter financial results.

As quoted in the press release:

Financial Highlights:

• Revenue improved to $2.5 million in Q1, FY 2012, a 12% increase over Q1, 2011.

• Cash and cash equivalents of $5.3 million were virtually unchanged from September 30, 2011.

• Profit from operations (Non-IFRS) was slightly better than breakeven ($10K).

Click here to read the Electrovaya Inc. (TSX:EFL) press release.