Nice data but only 1.9 M$ revenue from battery sales, where are the "About Euro 2.8 million (Cdn $4.1) of the contract will be delivered in 2015" from 27 M$ contract (http://www.electrovaya.com/pdf/PR/2015/PR20150901.pdf) ????

With large subsidies could have expect larer revenue.

"Revenues from major business activities for the periods ended December 31, 2015 and 2014 were as follows:

2015 Large format batteries $ 1,906 Other * 6,334 $

*Litarion had applied for subsidies under German Investment Subsidy Rule (InvZulG) for investments made in 2010 and 2011. The Company received confirmation in the current quarter that it would receive $6,241(€5.767 million). $1,139 (€1.053 million) was received in November, 2015 with the remaining $5,102 (€4.714 million) received in January, 2016. Due to the respective investment having been written down on acquisition the full balance was released to income."