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Earnings

Hypercharge Reports Third Quarter Fiscal 2026 Results, Record Service Revenue Growth

By The Northwire Desk — AI Analysis Mar 02, 2026 · 17:30 HC · 0.08 Hypercharge Networks Corp.
HC · Price

Executive Summary

  • Hypercharge Networks reported record service and subscription revenue of C$1.18 M for Q3 FY2026, a 505% YoY increase, driven by higher installation volumes.
  • Gross margin improved to 34% for the quarter (up 13 percentage points YoY) as the mix shifted toward higher‑margin Level 2 charging and services.
  • Net loss narrowed 59% year‑to‑date to C$1.28 M (C$0.01 per share) despite a slight quarterly loss increase, reflecting stronger revenue growth and expense discipline.

Key Details

  • Revenue:
  • Q3 FY2026: C$2.58 M (down 48% YoY due to lower DC fast‑charger deliveries in the prior year).

  • Nine months ended Dec 31 2025: C$9.66 M, up 33% YoY.

  • Service & Subscription Revenue: C$1.18 M for Q3 FY2026 (505% YoY increase).

  • Gross Margin / Profit:

  • Quarter: 34% gross margin; Gross profit C$865,723.

  • Nine months: 27% gross margin; Gross profit C$2.56 M.

  • Operating Expenses: Total C$1.38 M for the quarter (down 2% YoY); G&A decreased 19% year‑to‑date.

  • Net & Comprehensive Loss:

  • Q3 FY2026: C$(448,036) (up 26% vs prior year).

  • Nine months: C$(1.28 M), a 59% improvement YoY.

  • Charging Infrastructure: Delivered 526 charging ports in the quarter; total sold to date >6,900 ports across Canada & U.S., up 38% YoY.

  • User Base: Hypercharge app now has >41,300 registered users (80% YoY growth).

  • Board & Management Appointments:

  • Tony Geheran appointed to Board (effective Oct 10 2025).

  • Chris Koch appointed COO (Dec 19 2025).

  • Carbon Credit Program: Continued participation in Canada’s Clean Fuel Regulations; proceeds earmarked for infrastructure and EV‑ownership cost reduction initiatives.

  • Financing Activity: Closed a brokered private placement in Nov 2025, raising gross proceeds of C$3.75 M to strengthen balance sheet and fund growth.

  • Policy Environment: Noted new Canadian measures (Feb 2026) reinstating consumer EV incentives and supporting domestic EV adoption, expected to bolster demand through 2026+.

Notable Quotes

“Our results this quarter demonstrate the strength of our evolving business model… service and recurring revenue represent a larger portion of total revenue, we are seeing the potential for margin expansion and improving operating leverage.” – David Bibby, President & CEO

All dollar figures are in Canadian dollars unless otherwise noted.

Read the original news release →

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Earnings