Hypercharge Reports Second Quarter 2025 Results, Record Revenue Growth
Hypercharge Networks reported record Q2 2025 results with revenue reaching $1.4 million, up 50% year-over-year. The company delivered a record 615 charging ports, representing a 116% increase. Sales backlog grew 235% to $8.7 million. Gross profit reached $430,808, up 48%, while operating expenses decreased 26% to $1.57 million. Net loss decreased 39% to $1.13 million ($0.016 per share). The company expanded operations to eight provinces in Canada and thirteen states in the US, securing new partnerships including a $3M-$4M order for 76 DC fast charging ports.
Hypercharge Networks ha riportato risultati record per il secondo trimestre del 2025, con ricavi che hanno raggiunto 1,4 milioni di dollari, in aumento del 50% rispetto all'anno precedente. L'azienda ha consegnato un numero record di 615 stazioni di ricarica, che rappresenta un aumento del 116%. Il portafoglio ordini è cresciuto del 235%, raggiungendo 8,7 milioni di dollari. L'utile lordo ha raggiunto 430.808 dollari, in aumento del 48%, mentre le spese operative sono diminuite del 26%, scendendo a 1,57 milioni di dollari. La perdita netta è diminuita del 39%, attestandosi a 1,13 milioni di dollari (0,016 dollari per azione). L'azienda ha ampliato le proprie operazioni in otto province del Canada e tredici stati degli Stati Uniti, assicurandosi nuove partnership tra cui un ordine da 3-4 milioni di dollari per 76 stazioni di ricarica rapida DC.
Hypercharge Networks reportó resultados récord para el segundo trimestre de 2025, con ingresos que alcanzaron 1.4 millones de dólares, un aumento del 50% en comparación con el año anterior. La compañía entregó un récord de 615 puertos de carga, lo que representa un aumento del 116%. La cartera de pedidos creció un 235%, alcanzando 8.7 millones de dólares. El beneficio bruto fue de 430,808 dólares, un aumento del 48%, mientras que los gastos operativos disminuyeron un 26%, quedando en 1.57 millones de dólares. La pérdida neta se redujo un 39%, quedando en 1.13 millones de dólares (0.016 dólares por acción). La empresa amplió sus operaciones a ocho provincias en Canadá y trece estados en EE. UU., asegurando nuevas asociaciones, incluyendo un pedido de 3 a 4 millones de dólares para 76 puertos de carga rápida DC.
하이퍼차지 네트웍스는 2025년 2분기 기록적인 실적을 발표했으며, 매출은 140만 달러에 달해 지난해 대비 50% 증가했습니다. 이 회사는 615개의 충전 포트를 기록적으로 제공했으며, 이는 116% 증가한 수치입니다. 판매 백로그는 235% 증가하여 870만 달러로 증가했습니다. 총 이익은 430,808달러에 달해 48% 증가했으며, 운영 비용은 26% 감소하여 157만 달러로 줄었습니다. 순손실은 39% 감소하여 113만 달러(주당 0.016달러)로 줄어들었습니다. 이 회사는 캐나다의 8개 주와 미국의 13개 주로 사업을 확대하였으며, 76개의 DC 고속 충전 포트에 대한 300만-400만 달러의 신규 주문을 확보하는 등 새로운 파트너십을 체결했습니다.
Hypercharge Networks a annoncé des résultats record pour le deuxième trimestre 2025, avec des revenus atteignant 1,4 million de dollars, en hausse de 50 % par rapport à l'année précédente. L'entreprise a livré un nombre record de 615 points de charge, soit une augmentation de 116 %. Le carnet de commandes a augmenté de 235 %, atteignant 8,7 millions de dollars. Le bénéfice brut a atteint 430 808 dollars, en hausse de 48 %, tandis que les dépenses opérationnelles ont diminué de 26 %, à 1,57 million de dollars. La perte nette a diminué de 39 %, tombant à 1,13 million de dollars (0,016 dollar par action). L'entreprise a élargi ses opérations à huit provinces au Canada et treize États aux États-Unis, assurant de nouveaux partenariats, y compris une commande de 3 à 4 millions de dollars pour 76 bornes de recharge rapide à courant continu.
Hypercharge Networks berichtete über Rekordzahlen im 2. Quartal 2025, mit einem Umsatz von 1,4 Millionen Dollar, was einem Anstieg von 50% im Jahresvergleich entspricht. Das Unternehmen lieferte mit 615 Ladeports einen Rekord ab, was einem Anstieg von 116% entspricht. Der Auftragsbestand wuchs um 235% auf 8,7 Millionen Dollar. Der Bruttogewinn erreichte 430.808 Dollar, ein Anstieg von 48%, während die Betriebskosten um 26% auf 1,57 Millionen Dollar sanken. Der Nettoverlust verringerte sich um 39% auf 1,13 Millionen Dollar (0,016 Dollar pro Aktie). Das Unternehmen hat seine Aktivitäten auf acht Provinzen in Kanada und dreizehn Bundesstaaten in den USA ausgeweitet und neue Partnerschaften gesichert, darunter eine Bestellung über 3-4 Millionen Dollar für 76 DC-Schnellladeports.
- Record quarterly revenue of $1.4M, up 50% YoY
- Record delivery of 615 charging ports, up 116% YoY
- Sales backlog increased 235% to $8.7M
- Operating expenses decreased 26%
- Net loss decreased 39%
- Secured $3M-$4M order for 76 DC fast charging ports
- Gross margin declined to 31% from 32% YoY
- EV charging equipment gross margin decreased to 30% from 34%
- Continued net loss of $1.13M despite improvements
- Sales Backlog Increased by
235% Year-Over-Year to Record$8.7 Million - Three Months Revenue Increased by
50% Year-Over-Year to Record$1.4 Million - Delivered A Record 615 Charging Ports, An Increase by
116% Year-Over-Year
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is announcing the release of its unaudited financial results for the three months and six months ended September 30, 2024, and related management discussion and analysis. All dollar figures are in Canadian dollars, unless otherwise stated.
"The second quarter of fiscal 2025 represents a pivotal period for Hypercharge, marked by record-breaking achievements across the board. We delivered our highest quarterly revenue and gross profit in the Company's history, and lowest operating expenses and loss to date.
We are energized by this performance to continue building momentum by fulfilling our robust backlog, expanding across North America, and advancing our technology innovation-all while maintaining disciplined cost management.
Hypercharge is confidently accelerating our journey toward profitability, and I believe we are uniquely positioned to achieve exceptional operational success in the coming quarters."
- David Bibby, President and CEO of Hypercharge
Business and Pipeline Highlights (for the three months ended September 30, 2024):
- The Company achieved the highest quarterly revenue in its history, with recognized revenue of
$1,378,443 , an increase of$456,660 (50% ) compared to three months ended September 30, 2023.
- Delivered a record 615 charging ports, an increase of 330 (
116% ) from the quarter ended September 30, 2023.
- The Company achieved a record
$430,808 in quarterly gross profit, an increase of$139,569 (48% ) compared to three months ended September 30, 2023.
- Increased the sales backlog to
$8,712,878 as of September 30, 2024, an increase of$6,112,846 (235% ) compared to September 30, 2023.
- Gross margin on the Company's installation revenue, SaaS revenue, and other revenue increased significantly to
42% compared to19% in the three months ended September 2023.
- The Company's operating expenses of
$1,571,601 represent a$551,381 decrease (26% ) compared to the three months ended September 30, 2023.
- The Company's net loss per share, basic and diluted, was
$0.01 6 per share, compared to$0.02 6 per share in the comparative period, a decrease of39% compared to the three months ended September 30, 2023.
- Increased the number of drivers using the Hypercharge mobile app by 3,693 (
23% ) compared to September 30, 2023, to a total of 19,855 users.
- The Company now operates EV charging stations across eight (8) provinces/territories in Canada, and thirteen (13) states/districts in the United States, adding Washington DC and North Carolina to its list of operating jurisdictions during the three months ended September 30, 2024.
- The Company entered into an exclusive master pipeline agreement with Dawson & Sawyer Developments Ltd., a real estate developer with over 50 years of experiences having built over 2,000 homes and developed over 175 acres of land across British Columbia.
- The Company furthered its partnership with a Western Canadian energy infrastructure provider with an executed order to supply 76 DC fast charging ports for use by their operational fleet. Worth an estimated value of
$3M -$4M , delivery of the order is expected in the Company's third fiscal quarter of 2024 and revenue is to be recognized by the Company upon delivery of charging stations.
- The Company advanced its partnership with Precise ParkLink Inc. through the activation of EV charging functionality within the Parkedin™ mobile app, powered by the Company's proprietary software platform, Eevion™.
Financial Highlights (for the three months ended September 30, 2024):
The Company recognized quarterly revenue of
Operating expenses were
Gross margin decreased to
Net and comprehensive loss for the three months ended September 30, 2024, decreased
Financial Highlights (for the six months ended September 30, 2024):
The Company recognized six months revenue of
Operating expenses were
Gross margin decreased to
Net and comprehensive loss for the six months ended September 30, 2024, decreased
Summary of Key Financial Measures:
A summary of selected financial information for the three months ended September 30, 2024, and 2023, is as follows:
| Three months ended | Three months ended | ||
September 30, 2024 | September 30, 2023 | Change | |
| Revenue | |||
| Gross margin | ( | ||
| Net and comprehensive loss | |||
| Basic and diluted loss per share |
For more information, please refer to the Company's management's discussion and analysis, and the Company's unaudited condensed consolidated interim financial statements for the three months ended September 30, 2024. These documents are available on the Company's website at https://hypercharge.com/investors/, and under the Company's SEDAR+ profile at https://www.sedarplus.ca/.
About Hypercharge
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy, Hypercharge is committed to offering seamless, simple solutions including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations. Learn more: https://hypercharge.com/.
On behalf of the Company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Contacts
Investor Relations:
Chris Tyson | Executive Vice President | MZ Group
invest@hypercharge.com | (949) 491-8235
Media Contact:
Kyle Kingsnorth | Head of Marketing | Hypercharge
kyle.kingsnorth@hypercharge.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements regarding growth, commercial developments, delivery timelines and revenue recognition. Forward-looking statements are often identified by terms such as "may", "could", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231358
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