Hypercharge Reports Fourth Quarter and Full Year Fiscal 2025 Results

Executive Summary

• Hypercharge Networks Corp. reported record financial results for the fiscal year ended March 31, 2025, driven by a 227% year-over-year increase in revenue and a 131% increase in gross profit.
• The company delivered a record 2,459 charging ports (including 76 DC fast chargers) and grew its registered user base to over 25,000, while successfully reducing operating expenses by 28% through strategic cost controls.
• The company completed a non-brokered private placement in April 2025, raising $1,892,084 to strengthen its balance sheet and support operational growth.

Key Details

• Annual Revenue: Recognized $10,055,246, an increase of $6,983,139 (227%) compared to the prior fiscal year.
• Annual Gross Profit: Reported $2,275,572, an increase of $1,290,805 (131%) compared to the prior fiscal year. Gross profit percentage declined from 32% to 23% due to a higher volume of lower-margin Level 3 DC fast charging station sales.
• Annual Operating Expenses: Totalled $6,593,380, a decrease of $2,514,699 (28%) compared to the prior year, driven by lower general and administrative expenses (consulting, professional fees, and share-based payments).
• Net Loss: Improved 46% to $4,311,253 ($0.06 per share), compared to a net loss of $8,004,078 ($0.12 per share) in the prior year.
• Sales Backlog: Increased to $9,058,105 as of March 31, 2025, up $2,756,565 (44%) year-over-year.
• Unit Deliveries: Delivered 2,459 charging ports year-to-date, including 76 DC fast charging ports (62 of which were delivered to a Western Canadian energy infrastructure provider).
• User Growth: Registered users on the Hypercharge mobile app grew to over 25,000.
• Partnerships: Advanced partnership with Precise ParkLink Inc. by activating EV charging functionality within the Parkedin™ mobile app.
• Quarterly Revenue (Q4 FY2025): Recognized $2,799,603, an increase of $1,732,125 (162%) compared to the same period last year.
• Quarterly Gross Profit (Q4 FY2025): Increased to $540,039 (up from $285,530), though gross profit percentage declined from 27% to 19% due to the mix of DC fast charging sales.
• Quarterly Net Loss (Q4 FY2025): Improved 24% to $1,214,729, compared to $1,591,381 in the prior year period.
• Private Placement: Completed in April 2025, raising aggregate gross proceeds of $1,892,084 via a non-brokered private placement.

Notable Quotes

• "Fiscal 2025 was a breakout year for Hypercharge, marked by record-setting revenue, gross profit, and network growth... we delivered over 2,450 charging ports... and doubled our registered user base to more than 25,000, reinforcing our position in key North American markets." - David Bibby, President and CEO
• "Despite broader industry headwinds and a challenging capital environment, we navigated the year with discipline, reducing operating expenses by 28%, while continuing to invest in platform innovation, recurring revenue programs, and key hires to strengthen our execution." - David Bibby, President and CEO
• "Our top priority remains managing cash efficiently while advancing toward profitable growth. The decisions we're making now around capital, people, and partnerships are investments we believe will define the next phase of Hypercharge's trajectory and bring us closer to sustainable profitability." - David Bibby, President and CEO