Eguana Announces Third Quarter 2025 Financial Results

Core Insights - Eguana Technologies Inc. reported a year-to-date revenue of $2.06 million, marking a 310% increase compared to the same period last year, while Q3 2025 revenue reached $132,000, an 8.3% increase from Q3 2024 [4][3] - The company achieved a year-to-date gross margin of 42%, a significant improvement from a negative 66% in the prior year, although Q3 2025 gross margin was negative 16%, an improvement from negative 139% in Q3 2024 [4][3] - Eguana's operating loss for Q3 2025 was $1,124,527, reduced from a loss of $1,579,623 in the same quarter of 2024, attributed to lower operational expenses [4][3] Financial Performance - Year-to-date revenue of $2.06 million represents a 310% increase year-over-year [4] - Q3 2025 revenue of $132,000 shows an 8.3% increase compared to Q3 2024 [4] - Year-to-date gross margin improved to 42% from negative 66% in the previous year [4] - Q3 2025 gross margin was negative 16%, improved from negative 139% in Q3 2024 [4] - Operating loss for Q3 2025 was $1,124,527, down from $1,579,623 in Q3 2024 [4] Business Developments - Eguana is expanding its fleet in British Columbia as it enters the winter peak season, demonstrating the performance of its feeder support [4][3] - The company has completed a megawatt rollout for targeted feeder improvements and received follow-on orders for additional upgrades [4][3] - Eguana is negotiating with a BC utility partner to enhance recurring revenue streams through grid services and fleet management capabilities [4][3] - A digital marketing program has been initiated in partnership with the utility to promote battery and demand response incentive programs [4][3] - The company is advancing its Virtual Power Plant (VPP) initiatives in Northern California and has completed product installations as part of collaborative energy programs [4][3]