Hypercharge Reports Third Quarter 2025 Results
Rhea-AI Summary
Hypercharge Networks reported strong Q3 2025 financial results with record quarterly revenue of $4.98 million, representing a 756% year-over-year increase. The company achieved its highest-ever quarterly gross profit of $1.07 million, up 498% from the previous year.
Key highlights include:
- Net loss reduced by 85% to $356,526 ($0.01 per share)
- Operating expenses decreased 47% to $1.41 million
- Delivered 535 charging ports (115% increase)
- Sales backlog of $8.76 million (60% increase)
- Mobile app users grew 170% to 23,000
The company's gross profit margin declined from 31% to 21% due to a higher proportion of Level 3 DC fast charger sales. Despite this, Hypercharge demonstrated strong progress towards profitability with its fourth consecutive quarter of revenue growth.
Positive
- Record quarterly revenue of $4.98M (+756% YoY)
- Highest-ever quarterly gross profit of $1.07M (+498% YoY)
- Net loss reduced by 85%
- Operating expenses decreased 47%
- Sales backlog increased 60% to $8.76M
- Mobile app users grew 170%
- 115% increase in charging port deliveries
Negative
- Gross profit margin declined from 31% to 21%
- Still operating at a net loss of $356,526
News Market Reaction – HCNWF
On the day this news was published, HCNWF declined 0.46%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Record Quarterly Revenue of
$4.98 Million , Up756% Year-Over-Year - Quarterly Gross Profit Reached a Record
$1.07 Million , Up498% Year-Over-Year - Net Loss Reduced by
85% , Marking Strong Progress Towards Profitability
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2025) - 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 nine months ended December 31, 2024, and related management discussion and analysis. All dollar figures are in Canadian dollars, unless otherwise stated.
"The third quarter of fiscal 2025 marks our fourth consecutive quarter of revenue growth, setting a new benchmark for Hypercharge with a
Growing demand for Hypercharge's EV charging solutions continues to drive both top-line revenue and recurring revenue expansion, while our unique product mix and flexible business models have contributed to a significant reduction in net loss.
With a robust sales backlog and an expanding footprint across North America, we remain well-positioned for continued success. Every new project strengthens our leadership in smart energy solutions, and as we execute with disciplined growth and cost management, we see a clear path toward even stronger operating performance."
- David Bibby, President and CEO of Hypercharge
Business and Pipeline Highlights (for the three months ended December 31, 2024):
- The Company achieved the highest quarterly revenue in its history, with recognized revenue of
$4,978,951 , an increase of$4,397,129 (756% ) compared to the three months ended December 31, 2023.
- The Company achieved a record
$1,068,924 in quarterly gross profit, an increase of$890,266 (498% ) compared to the three months ended December 31, 2023.
- The Company decreased its net and comprehensive loss to
$356,526 , a reduction of$2,068,846 (85% ) compared to the three months ended December 31, 2023.
- Delivered 535 charging ports, an increase of 228 (
115% ) from the three months ended December 31, 2023, for a total of over 3,500 charging ports since commencing business operations in June 2021.
- Maintained a sales backlog of
$8,758,537 as of December 31, 2024, an increase of$3,299,043 (60% ) compared to the three months ended December 31, 2023.
- The Company's operating expenses of
$1,408,943 for the three months ended December 31, 2024, represents a$1,231,136 decrease (47% ) compared to the three months ended December 31, 2023.
- The Company's loss per share, basic and diluted, was
$0.01 per share for the three months ended December 31, 2024, compared to$0.04 per share for the three months ended December 31, 2023, a decrease of75% compared to the three months ended December 31, 2023.
- Increased the number of registered users on the Hypercharge mobile app by 9,600 (
170% ) compared to December 31, 2023, for a total of over 23,000 users.
- The Company completed delivery from its sales backlog and recognized as revenue an additional 177 Level 2 charging stations and 1 dual-port direct-current (DC) fast charging station for PCI Developments' King George Hub development in Surrey, BC.
Financial Highlights (for the three months ended December 31, 2024):
The Company recognized quarterly revenue of
Operating expenses were
The Company's gross profit percentage declined from
Net and comprehensive loss for the three months ended December 31, 2024, decreased
Financial Highlights (for the nine months ended December 31, 2024):
The Company recognized nine months revenue of
Operating expenses were
Gross profit percentage decreased to
Net and comprehensive loss for the nine months ended December 31, 2024, decreased
Summary of Key Financial Measures:
A summary of selected financial information for the three months ended December 31, 2024 and December 31, 2023, is as follows:
| Three months ended | Three months ended | ||||
| December 31, 2024 (unaudited) | December 31, 2023 (unaudited) | Change | |||
| Revenue | |||||
| Net and comprehensive loss | |||||
| Basic and diluted loss per share | $0.03 |
Condensed Consolidated Interim Statements of Loss and Comprehensive Loss:
| Three months ended December 31, 2024 | Three months ended December 31, 2023 | Nine months ended December 31, 2024 | Nine months ended December 31, 2023 | ||||
| Revenue | |||||||
| Cost of sales | (3,910,027) | (403,164) | (5,520,110) | (1,305,392) | |||
| Gross profit | 1,068,924 | 178,658 | 1,735,533 | 699,237 | |||
| Operating Expenses | |||||||
| General and administrative | 835,598 | 1,846,778 | 3,077,668 | 5,156,110 | |||
| Sales and marketing | 323,531 | 566,295 | 1,149,321 | 1,492,941 | |||
| Research and development | 249,814 | 227,006 | 627,473 | 539,906 | |||
| Total Operating Expenses | 1,408,943 | 2,640,079 | 4,854,461 | 7,188,957 | |||
| Operating loss | (340,019) | (2,461,421) | (3,118,928) | (6,489,720) | |||
| Other expenses (income) | |||||||
| Foreign exchange (gain) loss | 4,804 | 11,009 | 7,810 | 10,934 | |||
| Interest income, net | (5,210) | (43,561) | (45,459) | (85,963) | |||
| Other income | (386) | (737) | (1,339) | (1,653) | |||
| Total other expenses (income) | (792) | (33,289) | (38,988) | (76,682) | |||
| Net loss | $ (3,079,940) | ||||||
| Other comprehensive income: | |||||||
| Cumulative translation difference | (17,299) | 2,760 | (16,584) | 3,322 | |||
| Comprehensive loss | (356,526) | (3,096,524) | (6,409,716) | ||||
| Basic and diluted loss per share | |||||||
| Weighted average number of shares outstanding - basic and diluted | 70,705,205 | 68,988,938 | 70,575,806 | 67,584,066 |
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 and nine months ended December 31, 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/.
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About Hyperchargesds
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
Contact
Media & Investor Relations:
Kyle Kingsnorth, Head of Marketing
kyle.kingsnorth@hypercharge.com | +1 (888) 320-2633
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/243074
FAQ
What was Hypercharge Networks (HCNWF) revenue growth in Q3 2025?
How many EV charging ports did HCNWF deliver in Q3 2025?
What is Hypercharge's (HCNWF) current sales backlog as of December 2024?
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Why did Hypercharge's gross profit margin decline in Q3 2025?
