Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 10.06M | 10.06M | 3.07M | 3.41M | 484.22K | 0.00 |
Gross Profit | 2.20M | 2.28M | 984.77K | 530.15K | 168.70K | -150.00 |
EBITDA | -4.10M | -4.04M | -8.03M | -7.40M | -9.47M | -871.48K |
Net Income | -4.30M | -4.30M | -8.00M | -7.63M | -9.64M | -878.04K |
Balance Sheet | ||||||
Total Assets | 6.24M | 6.24M | 6.00M | 6.40M | 9.30M | 3.28M |
Cash, Cash Equivalents and Short-Term Investments | 862.50K | 862.50K | 2.50M | 2.69M | 1.12M | 3.02M |
Total Debt | 49.77K | 49.77K | 252.53K | 529.29K | 315.11K | 0.00 |
Total Liabilities | 5.62M | 5.62M | 2.50M | 1.90M | 1.34M | 1.04M |
Stockholders Equity | 621.54K | 621.54K | 3.51M | 4.50M | 7.96M | 2.25M |
Cash Flow | ||||||
Free Cash Flow | -2.43M | -2.43M | -5.53M | -3.78M | -4.73M | -386.41K |
Operating Cash Flow | -2.35M | -2.35M | -5.34M | -3.75M | -4.57M | -383.71K |
Investing Cash Flow | -47.25K | -47.25K | -36.44K | 18.69K | -240.07K | -226.04K |
Financing Cash Flow | 775.41K | 775.41K | 5.19M | -151.65K | 8.58M | 3.47M |
Hypercharge Networks Corp. reported significant growth in its first quarter fiscal 2026 results, with a 279% increase in revenue to $3.4 million and a 257% rise in gross profit to $0.8 million year-over-year. The company delivered 670 new charging ports and launched the Hypercharge Halo™, a new Level 2 EV charging station, marking a milestone in its product platform expansion. Hypercharge also made progress on key projects, including the delivery of 500 stations at Oakridge Park and a partnership with Auctus Property Fund to deploy 444 stations by Fall 2027. These achievements reflect Hypercharge’s strategic focus on network expansion, recurring revenue growth, and operational efficiency, positioning it as a leader in the North American EV charging market.
Hypercharge Networks Corp. has announced the installation of 49 Level 2 EV charging stations at hue by Marcon, a new residential community in Port Moody, BC. This initiative aligns with Marcon’s focus on sustainability and long-term community value, providing residents with future-ready EV charging solutions. Additionally, Hypercharge has made changes to its board of directors, appointing Malcolm Davidson, a seasoned financial expert, to replace Trent Kitsch. This change is expected to enhance the company’s financial management and corporate governance, supporting its ongoing growth and strategic initiatives.
Hypercharge Networks Corp. reported a record-breaking fiscal year 2025, with significant increases in revenue, gross profit, and charging port deployments. The company achieved a 227% increase in revenue, reaching $10.1 million, and a 131% rise in gross profit to $2.3 million. Despite industry challenges, Hypercharge reduced operating expenses by 28% and expanded its user base to over 25,000, reinforcing its market position. The company’s strategic focus on cost control, operational efficiency, and partnerships, such as with Precise ParkLink Inc., positions it for future growth and sustainable profitability.
Hypercharge Networks Corp. announced that it will release its financial results for the fourth quarter and fiscal year ending March 31, 2025, on July 29, 2025. This announcement is significant as it provides stakeholders with insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor confidence.