Hypercharge Reports First Quarter Fiscal 2026 Results

Executive Summary

• Hypercharge Networks Corp. reported unaudited financial results for the three months ended June 30, 2025, showing significant year-over-year growth in revenue and gross profit, alongside a substantial reduction in net losses.
• The company delivered 670 new charging ports (including 12 DC fast chargers) during the quarter, bringing total ports sold to over 5,900 across North America.
• Strategic milestones include the launch of the new "Hypercharge Halo™" charging station and continued progress on major partnerships, including a 500-station delivery at Oakridge Park and a multi-year agreement with Auctus Property Fund.

Key Details

• Revenue: Recognized revenue of $3,404,582 for the three months ended June 30, 2025, an increase of 279% ($2,506,333) compared to $898,249 in the same period last year.
• Gross Profit: Reported gross profit of $841,392, an increase of 257% ($605,591) compared to $235,801 in the prior year period. Gross profit margin was 25% (vs 26% prior year).
• Net Loss: Net and comprehensive loss was $(402,877), a 75% improvement (reduction of $1,207,607) compared to a loss of $(1,610,484) in the prior year. Loss per share was $(0.00) basic and diluted (vs $(0.02) prior year).
• Operational Metrics:
  • Delivered 670 charging ports in Q1 FY2026, including 12 DC fast charging ports.
  • Total charging ports sold surpassed 5,900 (up 59% YoY).
  • Registered app users surpassed 30,000 (up 88% YoY), adding over 14,000 new users since June 30, 2024.
• Operating Expenses: Total operating expenses were $1,258,202, a 33% decrease from $1,873,917 in the prior year, driven by lower general and administrative expenses.
  • General and administrative: $658,786 (vs $1,195,111).
  • Sales and marketing: $406,007 (vs $475,091).
  • Research and development: $193,409 (vs $203,715).
• Product Launch: Launched Hypercharge Halo™, a Level 2 EV charging station for multi-family, commercial, and workplace applications, featuring adjustable output up to 48 amps and universal J1772/NACS compatibility.
• Key Projects & Partnerships:
  • Delivered 500 Level 2 charging stations to Oakridge Park in Vancouver, BC.
  • Advanced partnership with Auctus Property Fund LP to deploy 444 Level 2 stations across 16 rental communities in Western Canada by Fall 2027.
• Financing: In April 2025, completed a non-brokered private placement raising aggregate gross proceeds of $1,892,084.
• Financial Table Data:
  • Three months ended June 30, 2025: Revenue $3,404,582; Cost of Sales $(2,563,190); Gross Profit $841,392; Operating Loss $(416,810); Net Loss $(424,666); Comprehensive Loss $(402,877).
  • Weighted average shares outstanding: 97,463,769.

Notable Quotes

• "Fiscal 2026 is off to a strong start with disciplined execution and healthy demand across our markets, delivering $3.4 million in revenue, $0.8 million in gross profit, and a 75% reduction in net loss year over year." - David Bibby, President and CEO
• "Our priorities are clear: expand our network, grow recurring revenue, and maintain discipline in capital allocation... These initiatives are designed to unlock new revenue opportunities and enhance shareholder value, laying the foundation for the next phase of Hypercharge's growth." - David Bibby, President and CEO