Significant Revenue Growth
Total revenues for Q3 2025 increased 112% to $6.88 million compared to $3.24 million in Q3 2024. For the first 9 months of 2025, total revenues increased 202% to $17.57 million from $5.82 million in the same period last year.
Positive Adjusted EBITDA
Achieved adjusted EBITDA profitability 1 quarter earlier than anticipated, totaling over $491,000 with an adjusted EBITDA margin of 7%.
Edge Data Center Expansion
The company is on track to have 15 Edge Data Centers deployed by the end of the year, with 6 currently in place and more in progress.
Strong Liquidity Position
Cash and short-term receivables increased to over $35 million, a 422% increase from $6.7 million in Q3 2024.
U.S. Patent for Modular Data Center
Granted a patent for an entryway for modular data centers, providing clean room level environment protection and enhancing competitive advantage.
Successful Asset Management Agreement
The Asset Management Agreement with APR Energy contributed significantly to revenue and growth, with a substantial portion of Q3 2025 revenue coming from recurring services and consulting.