Sharc Energy Announces Q3 2025 Financial Results

Core Insights - SHARC International Systems Inc. reported significant revenue growth, achieving $2.69 million year-to-date for 2025, which is 124% of the total revenue for 2024 and a 15% increase from $2.34 million in the same period of 2024 [3][4] - The company anticipates exceeding $3 million in revenue by the end of 2025, marking a historic milestone for SHARC Energy [1][3] - The Sales Order Backlog stands at $3.4 million, reflecting a 58% improvement compared to the revenue of $2.17 million for the year ended December 31, 2024 [3][4] Financial Performance - Revenue for Q3 2025 was $0.83 million, a 6% increase from $0.79 million in Q3 2024 [3] - The company reported a loss of $0.74 million in Q3 2025, which is an improvement from a loss of $0.83 million in the same quarter of the previous year [3] - Gross margins for Q3 2025 were 39%, up from 32% in Q3 2024, indicating improved profitability [3] Sales Pipeline and Market Opportunities - The Sales Pipeline is valued at $16.6 million, with a nominal increase since the last disclosure, indicating ongoing efforts to replenish the pipeline [3][4] - The company is entering new market sectors such as wastewater treatment, universities, utilities, correctional facilities, and data centers, which are expected to diversify revenue streams and reduce regulatory barriers [4] - Large-scale district energy projects are in final negotiations, which could significantly enhance the company's growth profile in 2026 and beyond [4]