Eguana Announces Second Quarter 2025 Financial Results

Core Viewpoint - Eguana Technologies Inc. reported significant financial growth in Q2 2025, driven by increased utility engagements and favorable changes in investment tax credit rules in the USA, positioning the company for further advancements in energy storage technology [3][4]. Financial Performance - Q2 2025 revenue reached $0.9 million, marking a 426% increase compared to Q2 2024, with total revenue for the first half of 2025 at $1.9 million, a 407% increase from $0.5 million in the same period last year [4]. - Gross margin for Q2 2025 was approximately $424,934, representing a 44% improvement from a negative gross margin of $62,781 in Q2 2024, with a total gross margin of $886,108 for the first half of 2025, reflecting a 46% improvement [4]. - The operating loss for Q2 2025 was $698,385, a reduction from $1,590,267 in Q2 2024, while the net loss for the first half of 2025 was $1,263,835, a 58% improvement from $3,116,992 in the same period last year [4]. Business Developments - The company is actively engaging in utility projects across Canada, with ongoing and planned projects in British Columbia, Alberta, Ontario, and Nova Scotia, utilizing Canadian technology to enhance the distributed grid [3]. - Eguana has successfully entered the California demand response market and is continuing shipments to its Western Canadian utility partner for feeder improvement projects, with new orders anticipated in Q4 [5]. - The company has been awarded a development contract supported by federal and municipal funds to enhance the Eguana Edge platform and demonstrate solutions in commercial building applications [13]. Strategic Partnerships - Eguana has partnered with ITOCHU Corporation to extend the end date of its convertible debenture to November 30, 2025, allowing for further negotiations on a long-term solution [4]. - A partnership with a US-based provider of third-party finance for utility infrastructure is being developed, aimed at eliminating capital requirements for utilities and homeowners [13].