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Earnings

Eguana Announces Third Quarter 2025 Financial Results

By The Northwire Desk — AI Analysis Nov 28, 2025 · 17:01 EGT · 0.13 Eguana Technologies Inc.
EGT · Price

Executive Summary

  • Eguana Technologies reported Q3 2025 revenue of $132,000 (up 8.3% YoY) and year‑to‑date revenue of $2.06 million (+310% YoY).
  • The quarter posted an operating loss of $1.12 million, improved from a $1.58 million loss in Q3 2024, driven by lower development and supply‑chain expenses.
  • Business highlights include completion of a megawatt rollout in British Columbia, new feeder upgrade orders, ongoing negotiations for recurring revenue streams, and expansion of VPP activities in Northern California.

Key Details

  • Revenue:
  • Q3 2025: $132,000 (↑8.3% vs. Sep‑24)

  • YTD 2025: $2.06 million (↑310% YoY)

  • Gross Margin:

  • YTD 2025: 42% (vs. –66% prior year)
  • Q3 2025: –16% (vs. –139% Sep‑24)

  • Adjusted Q3 2025 gross margin (excluding warranty accrual): 31%

  • Operating Loss: $1,124,527 for Q3 2025 (down from $1,579,623 in Q3 2024).

  • Liquidity: Working capital remains negative; total long‑term debt is classified as current.

  • Strategic Investor Support: ITOCHU deferred its interest payment to Nov 30 2025 and further extended the maturity date to Jan 31 2026.

  • Operational Updates:

  • Completed megawatt rollout for feeder improvement in BC; received follow‑on order for additional feeders in Okanogan Valley.
  • Shipments began November for installations scheduled December.
  • Entered negotiations with a BC utility partner to add recurring revenue via grid services and fleet management.
  • Launched digital marketing partnership with the BC utility to promote battery and demand‑response incentives.
  • Advanced Northern California VPP project with Serious Controls; scaling meetings underway for H1 2026 rollout.
  • Delivered product installation in Medicine Hat under the Energy Innovation Challenge program.

  • Integrated two smart‑meter companies to IEEE 2030.5 standards, expanding utility communication channels.

  • Management Comment: CEO Justin Holland stated the company is “very excited to continue our fleet expansion as we enter the winter peak season in British Columbia,” emphasizing performance demonstration and path‑forward deployments across North America.

Notable Quotes

“We are very excited to continue our fleet expansion as we enter the winter peak season in British Columbia. Through this season we will continue demonstrating the performance and capability of Eguana's feeder support solutions, clearing a path for expanded deployments in BC along with other utility partners across North America.” – Justin Holland, CEO

Read the original news release →

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