Hypercharge Networks Reports Record Growth

Hypercharge Networks Corp. (TSE:HC) has released an update.

Hypercharge Networks Corp. has announced a significant growth in its FY2024 financial results, with a 28% revenue increase to a record $3.1 million, driven by robust sales in key sectors and a substantial rise in SaaS subscriptions. The smart EV charging solutions provider also reported a growing sales backlog of $6.3 million and is looking to expand its network across Canada and the U.S., coupled with a strategic 20% cut in recurring operating expenses to bolster future financial performance.

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