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Eguana Technologies Inc (TSE:EGT)
:EGT
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Eguana Technologies
(EGT)
Select Model
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Rating:40Underperform
Price Target:
C$0.12
▼(-0.83% Downside)
The score is driven primarily by weak financial performance, highlighted by negative equity, high leverage, and large ongoing losses versus a very small revenue base. Technical indicators also lean negative with price below key moving averages and a negative MACD. Valuation is constrained by negative earnings and no dividend support.
Eguana Technologies (EGT) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.75M
Dividend YieldN/A
Average Volume (3M)22.35K
Price to Earnings (P/E)―
Beta (1Y)-0.61
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees61
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.04
Shares Outstanding45,195,602
10 Day Avg. Volume10,181
30 Day Avg. Volume22,349
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.19
Price to Sales (P/S)10.92
P/FCF Ratio5.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Eguana Technologies Business Overview & Revenue Model
Company DescriptionEguana Technologies Inc. designs and manufactures residential and commercial energy storage systems for fuel cell, photovoltaic, and battery applications in Canada, Asia, Australia, Europe, and the United States. It provides its products under the Enduro, Evolve, and Elevate brand names. The company was formerly known as Sustainable Energy Technologies Ltd. and changed its name to Eguana Technologies Inc. in September 2013. Eguana Technologies Inc. is headquartered in Calgary, Canada.
How the Company Makes Money
Eguana Technologies Earnings Call Summary
Earnings Call Date:Nov 28, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jun 01, 2026
Earnings Call Sentiment Neutral
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.Q3-2024 Updates
Positive Updates
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.
Negative Updates
Significant Revenue Decline
Q3 2024 revenue of $0.3 million was much lower compared to Q3 2023 revenue of $2.5 million, due to macroeconomic factors and a drop in consumer rooftop solar generation.
Challenges in International Markets
Eguana faced challenges with its partnerships in Europe and Australia, leading to the decision to wind down operations in these regions.
Continued Macro-Economic Constraints
The renewable energy industry faced constraints due to high distribution channel inventories and soft consumer spending amid inflation and high interest rates.
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.Eguana Technologies Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 902.10K | 751.87K | 9.76M | 13.46M | 7.17M | 7.95M |
| Gross Profit | 584.47K | -218.07K | -2.17M | -358.83K | 469.46K | 900.34K |
| EBITDA | -4.45M | -7.54M | -24.24M | -11.31M | -8.78M | -5.49M |
| Net Income | -11.73M | -17.88M | -35.59M | -13.46M | -11.58M | -10.05M |
Balance Sheet | ||||||
| Total Assets | 8.48M | 9.48M | 21.46M | 47.40M | 14.91M | 3.79M |
| Cash, Cash Equivalents and Short-Term Investments | 43.38K | 307.45K | 814.00K | 15.04M | 4.60M | 527.70K |
| Total Debt | 50.69M | 39.42M | 35.89M | 36.48M | 655.75K | 9.31M |
| Total Liabilities | 63.60M | 51.97M | 46.58M | 43.78M | 11.42M | 21.25M |
| Stockholders Equity | -47.81M | -42.48M | -25.13M | 3.62M | 3.49M | -17.46M |
Cash Flow | ||||||
| Free Cash Flow | -80.43K | 1.55M | -12.35M | -34.89M | -15.19M | -2.99M |
| Operating Cash Flow | -84.99K | 1.55M | -11.76M | -33.70M | -14.84M | -2.79M |
| Investing Cash Flow | -9.90K | 0.00 | -585.66K | -1.07M | -351.08K | -205.68K |
| Financing Cash Flow | -204.76K | -2.04M | -1.94M | 44.61M | 19.36M | 3.04M |
Eguana Technologies Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $571.59M | 108.28 | 16.94% | ― | 46.80% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$5.46M | -2.41 | ― | ― | -3.93% | -27.37% | |
47 Neutral | C$17.02M | -4.46 | -341.84% | ― | 27.76% | -0.37% | |
40 Underperform | C$4.75M | -0.44 | ― | ― | ― | ― | |
35 Underperform | C$38.55M | -2.70 | -67.64% | ― | ― | -8.37% |
* General Sector Average
TSE:EGT
Eguana Technologies
0.11
-0.09
-47.24%
TSE:ELVA
Electrovaya
12.03
8.56
246.69%
TSE:NHHH
FuelPositive Corp.
0.07
0.04
133.33%
TSE:LPS
Legend Power Systems
0.12
-0.08
-38.46%
TSE:BES
Braille Energy Systems Inc
0.06
>-0.01
-8.33%
TSE:ABND
Zinc8 Energy Solutions
0.06
0.00
0.00%
Eguana Technologies Corporate Events
Business Operations and StrategyFinancial Disclosures
Eguana Technologies Reports Strong Revenue Growth and Strategic Expansion in Q3 2025
Positive
Nov 28, 2025
Eguana Technologies reported a significant increase in revenue for the third quarter of 2025, with year-to-date revenue rising by 310% compared to the previous year. Despite a decrease in quarterly revenue due to transition challenges, the company improved its gross margin and reduced its operating loss. Strategic partnerships and projects in British Columbia and Northern California are expected to enhance Eguana’s market position, with ongoing efforts to expand battery deployments and increase recurring revenue streams.
Business Operations and StrategyProduct-Related Announcements
Eguana Technologies Expands Energy Storage Systems in Western Canada
Positive
Oct 21, 2025
Eguana Technologies has announced an expansion of its energy storage systems to additional feeders in the Okanagan region of British Columbia, following a successful rollout in Sun Peaks and Harrison Mills. This expansion aims to alleviate grid congestion and defer capital expenditures associated with feeder improvements, utilizing Eguana’s advanced battery technology and fleet control software to enhance grid resiliency and capacity.
Private Placements and Financing
Eguana Technologies Launches New $1.25 Million Convertible Debenture Offering
Neutral
Oct 7, 2025
Eguana Technologies has announced a new private placement of up to $1.25 million in convertible debentures, following the termination of a prior offering. This strategic move aligns with the company’s objectives and current market conditions, with proceeds intended for working capital and general corporate purposes. The debentures, convertible into common shares, will bear 10% interest and are secured against the company’s assets, ranking senior to unsecured debentures. The offering is expected to close on October 17, 2025, subject to regulatory approvals.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.