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Company

EvoAir Holdings Inc.

Ticker
EVOH
Sector
Industry
Report date
April 11, 2026
Valye AI Score

100

Very high visibility
Recent developments
Recent developments summary

Recent news coverage is not directly related to EvoAir Holdings Inc.'s business or financial performance but includes general market and commodity updates.

Recent developments:
  • Oracle's credit risk is reported at an all-time high due to heavy investment in AI, a topic unrelated to EvoAir's operations [N1].
  • Soybeans rallied on Friday, led by meal gains, reflecting commodity market movements [N2].
  • Hogs closed mostly lower on Friday, indicating livestock market trends [N3].
  • Strength in the Brazilian Real boosted coffee prices, affecting commodity markets [N4].
  • Cattle rallies into the weekend show livestock market activity [N5].
  • Sugar prices fell on the outlook for ample global supplies, impacting commodity pricing [N6].
  • Cocoa prices climbed as dollar weakness spurred short covering, reflecting currency and commodity dynamics [N7].
  • Sugar prices were weighed down by abundant global supplies, influencing market conditions [N8].
Overview

EvoAir Holdings Inc. is a holding company that, through its subsidiaries, develops, manufactures, markets, and sells eco-friendly heating, ventilation, and air conditioning (HVAC) products and related services in Asia. The company’s product portfolio includes the EvoAir Coolpressor, an outdoor condensing unit, and complementary indoor air-conditioner units produced in partnership with OEMs. It also offers portable air-conditioners under the e-Cond EVO brand and air purification and sanitizing products using proprietary INCU ionic nano copper technology. Manufacturing operations are located in Malaysia and China, enabling geographic distribution and supply chain flexibility. The company serves residential, commercial, and industrial customers and provides retrofitting and customization services. EvoAir actively promotes environmental sustainability through its products and initiatives such as 'Cool the Earth Day'. The company operates primarily in Southeast Asia and China, with plans for further geographic expansion.

Executive summary

Financial figures (if any) are summarized from the latest available SEC filings and are provided for informational purposes only — not financial advice. EvoAir Holdings Inc. is a Nevada-based company engaged in the research, development, manufacturing, and sale of eco-friendly HVAC products and related services primarily in Asia. The company operates manufacturing facilities in Malaysia and China and offers a range of hybrid air conditioners for residential and commercial use, as well as air purification and sanitizing products. It licenses proprietary technologies to OEMs and provides maintenance and retrofitting services. As of February 28, 2026, the company reported cash and cash equivalents of $45,835, current assets of $505,415, and current liabilities of $4,071,946, resulting in a low current ratio of 0.12. The company reported a net loss of $939,020 for the quarter ended February 28, 2026, with basic and diluted EPS of -$0.03. The company has undertaken capital raising through share subscription agreements and completed a 1-for-4 reverse stock split in 2024. The company promotes environmental-friendly technology and has launched initiatives to raise awareness in the HVAC industry.

Scenarios for EVOH

Bull case model:

EvoAir’s continued investment in research and development of hybrid air-conditioning products and expansion of its eco-friendly product lines could enhance its market presence. Geographic expansion into high-demand markets in Southeast Asia, China, and potentially the Middle East and India could increase its customer base. The company’s promotion of environmental-friendly technology and initiatives like 'Cool the Earth Day' may strengthen brand recognition and align with increasing regulatory focus on sustainability. Licensing proprietary technologies to OEMs and expanding air purification product applications could diversify revenue streams and improve profitability.

Bear case model:

The company’s financials show a net loss and low liquidity ratios, indicating potential challenges in operational efficiency and cash flow management. The HVAC market is competitive with larger, established players, which may limit EvoAir’s market penetration and pricing power. Expansion into new geographic markets involves execution risks, regulatory hurdles, and potential capital requirements. Dependence on proprietary technologies requires ongoing investment in R&D and protection of intellectual property. Economic and currency fluctuations in operating regions could impact costs and revenues. The company’s limited recent news coverage and lack of detailed sector classification may reflect lower market visibility and investor awareness.

Moat:

EvoAir’s moat is based on its proprietary eco-friendly HVAC technologies, including patented HECS technology and INCU ionic nano copper solutions, which differentiate its products in the market. Its geographic manufacturing footprint across Malaysia and China provides supply chain flexibility and cost advantages. The company’s licensing agreements with OEMs and its service offerings, including retrofitting and maintenance, create multiple revenue streams and customer touchpoints. Its focus on environmental sustainability aligns with growing global awareness and regulatory trends, potentially enhancing brand value and customer loyalty. However, the company operates in a competitive HVAC market with established players, and its financial position reflects challenges in scaling operations profitably.

Risks overview
Risks summary
The primary risk for EvoAir Holdings Inc. is its financial position characterized by net losses and low liquidity, which may constrain its ability to execute growth strategies and sustain operations amid competitive and execution challenges.
Risks details:

• Financial Risk: The company reported a net loss of $939,020 for the quarter ended February 28, 2026, and has low liquidity ratios (current ratio 0.12, cash ratio 0.01), indicating potential challenges in meeting short-term obligations and funding operations.
• Market Competition: EvoAir operates in a competitive HVAC market with established global and regional players, which may limit its ability to gain significant market share and achieve economies of scale.
• Execution Risk: Geographic expansion plans into Southeast Asia, China, Middle East, Indonesia, and India involve risks related to regulatory compliance, market acceptance, and operational execution.
• Technology and Intellectual Property: The company’s business depends on proprietary and patented technologies; failure to protect or innovate could erode competitive advantage.
• Currency and Economic Exposure: Operations in multiple countries expose the company to currency fluctuations and economic conditions that may affect financial performance.

FINAL FORECAST FOR EVOH

Final take one line
EvoAir Holdings Inc. operates an eco-friendly HVAC business with detailed SEC disclosures but faces financial and execution challenges amid competitive markets.
Final take 12 to 24 month view

Business trends: Continued development and expansion of eco-friendly HVAC products and geographic market reach, with emphasis on environmental sustainability.
Execution milestones: Capital raising through share offerings, completion of reverse stock split, and expansion of manufacturing and licensing operations.
Key risks: Financial losses and low liquidity, competitive market pressures, execution risks in geographic expansion, and dependence on proprietary technology protection.

Valye AI Visibility Research Score

Very high visibility

Visibility score reflects the breadth and consistency of available disclosure across SEC filings, recent public reporting, and baseline business context (research-only; not investment advice).

100
LLM visibility overview
LLM Visibility known facts
  • EvoAir Holdings Inc. is a Nevada corporation established in 2017 with a fiscal year ending August 31 [S1].
  • The company acquired EvoAir International Limited and its subsidiaries on December 20, 2021, which operate in research and development, manufacturing, trading, and sale of eco-friendly HVAC products and related services in Asia [S1].
  • EvoAir International wholly owns WKL Eco Earth Holdings (Singapore), which in turn owns subsidiaries in Malaysia, Cambodia, and China engaged in manufacturing, marketing, and sale of eco-friendly HVAC products and related services [S1].
  • The company produces the Coolpressor under the EvoAir brand and partners with OEMs for indoor air-conditioner units and portable air-conditioners under the e-Cond EVO brand [S1].
  • Manufacturing plants and assembly lines are located in Malaysia and China, with approximately 30,000 square feet of manufacturing space, allowing geographic distribution of production [S1].
  • The company licenses proprietary and patented technologies to OEMs and other brands for incorporation into HVAC products and provides maintenance and installation services to commercial customers across Malaysia, Cambodia, Singapore, and Indonesia [S1].
  • EvoAir launched air-sanitizing products in 2020 using INCU technology, an ionic nano copper solution with disinfectant properties, expanding into household, commercial, industrial, and public sanitation markets [S1].
  • The company offers a range of hybrid air conditioners for residential (1.0 to 2.5 HP) and commercial/industrial (5HP to 25HP) applications, with different refrigerants and power supply specifications [S1].
  • Retrofitting services are provided to commercial customers to replace outdoor condensing units with patented HECS technology, enabling cost savings by avoiding full system replacement [S1].
  • Customization services include stainless-steel coverings for corrosion resistance and other customer-specific modifications [S1].
  • The company advocates environmental-friendly technology and launched 'Cool the Earth Day' in May 2023 to promote green inventions and environmental awareness [S1].
  • Financial snapshot as of February 28, 2026: cash and cash equivalents of $45,835; current assets of $505,415; current liabilities of $4,071,946; resulting in a current ratio of 0.12 and cash ratio of 0.01 [S2].
  • Revenue reported for the quarter ended May 31, 2025 was $5,979 [S2].
  • Net income for the quarter ended February 28, 2026 was a loss of $939,020, with basic and diluted EPS of -$0.03 [S2].
  • The company has issued 27,180,631 shares of common stock as of April 10, 2026 [S2].
  • The company has engaged in multiple share subscription agreements since 2022, issuing shares at $2.50 per share to non-U.S. persons and accredited investors as part of capital raising efforts [S1].
  • The company completed a 1-for-4 reverse stock split effective September 11, 2024, reducing shares outstanding from approximately 102.7 million to 25.7 million [S1].
  • The company operates in multiple countries in Asia including Malaysia, Singapore, Cambodia, China, and has plans for expansion into other Southeast Asian countries, China, Middle East, Indonesia, and India [S1].
  • The company’s intangible assets include patents and trademarks related to eco-friendly HVAC technologies, amortized over 20 years [S1].
  • The company’s manufacturing and sales focus on eco-friendly HVAC products aiming to reduce carbon emissions and improve energy efficiency [S1].
  • The company’s financial statements are prepared under U.S. GAAP and include consolidated accounts of subsidiaries with elimination of intercompany transactions [S2].
  • The company’s recent news coverage is limited and not directly related to its business operations or financial performance [N1][N2][N3][N4][N5][N6][N7][N8].
Sources
Sources - Context summary

Generated 2026-04-11

Sources - Earning calls
Sources - Other context
Sources - SEC Filings
  • S1 | 2025-11-12 | 10-K
  • S2 | 2026-04-10 | 10-Q
Sources - News headlines
  • N1 | 2026-04-11 | www.nasdaq.com | Oracle's Credit Risk Is At an All-Time High, Due to Heavy Investment in AI. Should Investors Be Concerned? | https://www.nasdaq.com/articles/oracles-credit-risk-all-time-high-due-heavy-investment-ai-should-investors-be-concerned
  • N2 | 2026-04-11 | www.nasdaq.com | Soybeans Rallying on Friday, Led by Meal Gains | https://www.nasdaq.com/articles/soybeans-rallying-friday-led-meal-gains
  • N3 | 2026-04-11 | www.nasdaq.com | Hogs Close Mostly Lower on Friday | https://www.nasdaq.com/articles/hogs-close-mostly-lower-friday
  • N4 | 2026-04-11 | www.nasdaq.com | Strength in the Brazilian Real Boosts Coffee Prices | https://www.nasdaq.com/articles/strength-brazilian-real-boosts-coffee-prices
  • N5 | 2026-04-11 | www.nasdaq.com | Cattle Rallies into the Weekend | https://www.nasdaq.com/articles/cattle-rallies-weekend
  • N6 | 2026-04-11 | www.nasdaq.com | Sugar Prices Fall on the Outlook for Ample Global Supplies | https://www.nasdaq.com/articles/sugar-prices-fall-outlook-ample-global-supplies
  • N7 | 2026-04-11 | www.nasdaq.com | Cocoa Prices Climb as Dollar Weakness Spurs Short Covering | https://www.nasdaq.com/articles/cocoa-prices-climb-dollar-weakness-spurs-short-covering
  • N8 | 2026-04-11 | www.nasdaq.com | Sugar Prices Weighed Down by Abundant Global Supplies | https://www.nasdaq.com/articles/sugar-prices-weighed-down-abundant-global-supplies-0
Important legal disclaimer

This material is for informational purposes only and does not constitute investment, financial, legal or tax advice, or an offer or solicitation to buy or sell any security. The Valye AI Score is a model-based estimate derived from public information and is subject to change without notice. No representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information herein. Past performance is not indicative of future results. Investors should conduct their own research and consult a qualified financial adviser before making any investment decisions.

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