Hypercharge Reports Second Quarter Fiscal 2026 Results

Executive Summary

• Recognized revenue of C$3.67 M for Q2 FY2026, a 166% YoY increase, marking the second‑highest quarterly revenue in company history.
• Gross profit rose to C$0.86 M (23% margin), also the second‑highest quarter ever; net and comprehensive loss narrowed 63% YoY to C$(425,887).
• Delivered 319 new charging ports (48 DC fast chargers) and expanded the Hypercharge app to >36,000 registered users; closed a post‑quarter financing of $3.75 M.

Key Details

• Revenue: C$3,672,616 for three months ended Sep 30 2025 vs. C$1,378,443 in 2024 (+166%).
• Gross Profit: C$856,522 (23% margin) vs. C$430,808 in 2024 (+99%).
• Net & Comprehensive Loss: C$(425,887) vs. C$(1,139,717) in 2024 (63% improvement).
• Operating Expenses: C$1,289,437 (18% lower than prior year), driven by reduced G&A costs.
• Charging Ports Delivered: 319 total (48 DC fast); cumulative ports sold >6,200 (+49% YoY).
• App Users: >36,000 registered users (up 89% YoY).
• Six‑Month Highlights (ended Sep 30 2025):
• Revenue C$7,077,198 (+211% YoY).
• Gross profit C$1,697,914 (24% margin).
• Net & comprehensive loss C$(828,764) (70% improvement).
• Board Additions: Malcolm Davidson, CPA, CA appointed Aug 15 2025; Tony Geheran added Oct 2025.
• Financing: Closed a $3.75 M financing with retail and institutional investors shortly after quarter‑end.
• Major Contract: Secured 49 Level‑2 charging stations for “hue by Marcon” residential project in Port Moody, BC; initial deliveries completed July 2025, balance slated for Q4 2025.
• Strategic Focus: Shift mix toward higher‑margin Level‑2 commercial/service work and expansion of carbon‑credit program to generate ancillary revenue.

Notable Quotes

“Second quarter results for fiscal 2026 were solid… Our focus is on shifting the mix toward higher‑margin areas and expanding our carbon credit program to help customers offset electrification costs…” – David Bibby, President & CEO