Core Insights - Hypercharge Networks Corp. reported strong financial results for the second quarter of fiscal 2026, achieving revenue of $3.7 million, marking the second-highest revenue quarter in the company's history, driven by the conversion of backlog into deliveries [2][8] - The company has surpassed 6,200 charging ports sold and 5,200 delivered, with the Hypercharge app now having over 36,000 registered users, reflecting significant growth in user engagement [3][15] - Despite strong momentum, the multi-family building development sector has slowed, impacting project timelines, while the company is focusing on higher-margin Level 2 charging solutions and expanding its carbon credit program [4][5] Financial Highlights - For the three months ended September 30, 2025, recognized revenue was $3,672,616, an increase of $2,294,173 (166%) year-over-year, driven by strong market demand [8][9] - Gross profit for the same period was $856,522, up $425,714 (99%) year-over-year, attributed to increased sales volume and higher service revenue [8][11] - The net and comprehensive loss for the quarter improved by 63% to $(425,887), compared to $(1,139,717) in the same period last year, reflecting effective expense management [12][14] Operational Highlights - The company delivered 319 new charging ports in the quarter, including 48 DC fast charging ports, contributing to customer expansion [9][16] - Operating expenses totaled $1,289,437, an 18% decrease from the prior year, primarily due to lower general and administrative expenses [10][16] - The gross profit percentage was 23%, down from 31% in the prior year, reflecting the revenue mix from large project deployments [11] Strategic Developments - Hypercharge is advancing its participation in carbon credit markets to create a new revenue stream for customers to offset electrification costs [15] - The company has strengthened its board with the appointment of Malcolm Davidson and Tony Geheran, enhancing governance and financial expertise [3][15] - Hypercharge completed a non-deal roadshow across Canada and Ireland to broaden its investor reach and closed a $3.75 million financing round with participation from retail and institutional investors [3][15]