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Eguana Technologies ( (TSE:EGT) ) has shared an update.
Eguana Technologies reported a significant increase in revenue for Q1 2025, reflecting its transition to the utility channel. The company improved its gross margin and reduced its operating loss compared to the previous year, despite ongoing liquidity challenges. Strategic investor ITOCHU deferred an interest payment to support liquidity, and Eguana reached a settlement agreement with a US-based manufacturer and distributor. The company is actively engaging in various projects and programs across North America, including demand response testing and utility partnerships, which are expected to enhance its market positioning and open new opportunities.
More about Eguana Technologies
Eguana Technologies Inc. is a leading provider of high-performance energy storage systems. The company focuses on accelerating grid modernization and resilience by delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Eguana targets utility channels and aims to differentiate itself in the energy storage market through innovative technology solutions.
Average Trading Volume: 27,658
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.62M
Find detailed analytics on EGT stock on TipRanks’ Stock Analysis page.