Eguana Technologies demonstrated strategic progress in utility partnerships and cost management, yet faced significant revenue declines and challenges in international markets. The focus on utility channels represents a strategic shift amid ongoing macroeconomic constraints.

Company Guidance

During the Eguana Technologies Inc. third-quarter 2024 earnings call, the company provided several key metrics and updates regarding its strategic direction and financial performance. Eguana reported a significant decrease in revenue to $0.3 million compared to $2.5 million in the same quarter of 2023, attributed to ongoing macroeconomic challenges impacting consumer spending and the renewable energy sector. Despite this, the company achieved a nearly 50% reduction in operating expenses year-to-date, from $9.1 million in 2023 to $4.7 million in 2024. Their strategic focus has shifted towards utility channels, exemplified by collaborations like the 200-unit pilot program with BC Hydro, which is expected to be fully deployed by spring 2025. Eguana's technology, particularly the Eguana Edge and Cloud platforms, is being positioned as a differentiator in the utility space, offering integrated energy storage solutions. The company also noted reduced costs and improved margins through product development and strategic partnerships, while remaining optimistic about future opportunities in utility-driven markets.

Exclusive Utility Program in BC

Eguana Technologies announced an exclusive utility program in British Columbia, marking the largest fleet aggregated behind-the-meter rollout for this application.

Successful Cost Management

Year-to-date 2024, compared to 2023, Eguana Technologies delivered a reduction on cash expenses of approximately 50%.

Collaboration with BC Hydro

Eguana announced its exclusive collaboration with BC Hydro for a 200-unit pilot program, aimed at strengthening specific areas of the grid.

Strategic Partnerships with DERMS Providers

Eguana has partnered with leading DERMS software platform providers Virtual Peaker, AutoGrid, and EnergyHub, enhancing their VPP services.

Integration with Smart Meter Technology

Eguana is collaborating with a major smart meter manufacturer and a large California utility to develop integrated smart meter and battery storage solutions.

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Eguana Technologies (TSE:EGT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:EGT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 23, 2018	2018 (Q3)	- / >-0.01	-0.01	90.00% (<+0.01)	―	―
Mar 01, 2019	2019 (Q1)	- / -0.01	-0.006	-66.67% (>-0.01)	―	―
May 30, 2019	2019 (Q2)	- / -0.01	-0.01	0.00% (0.00)	―	―
Aug 29, 2019	2019 (Q3)	- / -0.01	-0.001	-900.00% (>-0.01)	―	―
Mar 02, 2020	2019 (Q4)	- / >-0.01	-0.01	30.00% (<+0.01)	―	―
Mar 02, 2020	2020 (Q1)	- / -	-0.01	―	―	―
Jun 01, 2020	2020 (Q2)	- / -0.01	-0.01	-10.00% (>-0.01)	―	―
Aug 24, 2020	2020 (Q3)	- / >-0.01	-0.01	20.00% (<+0.01)	―	―
Jan 21, 2021	2020 (Q4)	- / 0.00	-0.007	―	―	―
Mar 01, 2021	2021 (Q1)	- / -	-0.007	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:EGT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 28, 2024	C$0.01	C$0.01	0.00%
May 30, 2024	C$0.02	C$0.02	0.00%
May 27, 2024	C$0.02	C$0.02	0.00%
Nov 29, 2023	C$0.03	C$0.03	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does Eguana Technologies Inc (TSE:EGT) report earnings?

Eguana Technologies Inc (TSE:EGT) is schdueled to report earning on May 28, 2025, TBA Not Confirmed.

What is Eguana Technologies Inc (TSE:EGT) earnings time?

Eguana Technologies Inc (TSE:EGT) earnings time is at May 28, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is TSE:EGT EPS forecast?

Currently, no data Available

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