Core Insights - Hypercharge Networks Corp. will supply 49 Level 2 EV charging stations to hue by Marcon in Port Moody, BC, with 9 stations delivered in July 2025 and 40 stations scheduled for Q4 2025 [1][4] - The partnership emphasizes sustainability and long-term value in community development, aligning with the growing demand for EV infrastructure [4][3] Company Developments - Changes to the Board of Directors include the appointment of Mr. Malcolm Davidson, CPA, CA, effective August 15, 2025, replacing Mr. Trent Kitsch [4][5] - Mr. Davidson brings over 20 years of experience in financial reporting and corporate finance, having served as CFO for various public and private companies [5][6] - The company expresses gratitude to Mr. Kitsch for his contributions since December 2022, highlighting his role in brand building and governance [7][8]

Financial Data and Key Metrics Changes - In Q2 2025, total revenues were $300,000, a decrease from $800,000 in Q2 2024, primarily due to lower charger hardware sales [16] - Year-to-date revenues through June 30, 2025, were $1,200,000 compared to $1,600,000 for the same period last year [16] - Margins on products, services, and grant revenues improved to 60.6% in Q2 2025 from 24.9% in Q2 2024, driven by a higher mix of service revenues [17] - Net loss attributable to common stockholders increased to $13,400,000 in 2025 from $4,200,000 in 2024, largely due to one-time expenses [21] - Cash as of June 30, 2025, was approximately $1,800,000, an increase of $600,000 from March 31, 2024 [22] Business Line Data and Key Metrics Changes - Hardware revenue was low due to the transition to new charging station models, with expectations to return to normal in Q3 [13] - The company decommissioned 4.4 megawatts of stationary batteries in Japan and 2.5 megawatts in California, leading to a 19.5% decrease in megawatts under management to 25.6 megawatts [23][24] - The acquisition of Thermador Energy LLC is expected to enhance efficiencies and services by year-end [11] Market Data and Key Metrics Changes - The company is focusing on expanding its energy business in Japan and Europe, with Nuvi Japan receiving its first private investment [8] - The New Mexico contract represents a potential opportunity exceeding $400,000,000 in capital expenditures over the next four years [9] Company Strategy and Development Direction - The company is strategically positioned at the intersection of energy, artificial intelligence, and cryptocurrency, aiming to capitalize on opportunities in these sectors [27] - The restructuring of the energy business and integration of recent acquisitions are key focuses for future growth [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about leading the energy management transition globally and capitalizing on opportunities in the cryptocurrency and blockchain economy [27] - The company is actively pursuing battery aggregation services in Japan to enhance disaster preparedness and resilience [24] Other Important Information - The company raised $6,900,000 in gross proceeds through debt and equity to support growth initiatives [15] - A $300,000,000 shelf registration was filed to support the digital asset strategy [15] Q&A Session Summary Question: Are there any questions from the participants? - There were no questions during the call [29]

Financial Data and Key Metrics Changes - Revenue increased by 150% year over year to $8.4 million, driven by significant sales and rentals of the mobile EV charging platform, eBoost [4][13] - Non-GAAP operating income from continuing operations was $218,000, compared to a non-GAAP operating loss of $137,000 in the same quarter last year, marking a year-over-year improvement of $355,000 [14] - Net loss from continuing operations improved to $1.2 million from $1.7 million in the previous year [14] - Cash on hand decreased to $18 million from $41.6 million at the end of 2024, primarily due to a special cash dividend and tax payments [15] Business Line Data and Key Metrics Changes - The eBoost order for a large public school district significantly contributed to revenue growth, with gross profit on these units more than doubling in the second quarter [5][13] - The company delivered initial units under the SparkCharge agreement, which could be worth up to $10 million, reflecting increasing demand for mobile EV charging solutions [5] Market Data and Key Metrics Changes - Total backlog was approximately $18 million, a decline of 23% compared to the prior quarter due to fulfillment of larger orders [6][7] - The electric school bus market continues to show strong momentum, with the school district scheduled to receive an additional 600 electric school buses over the next two years [5] Company Strategy and Development Direction - The company is focused on scaling its core business and launching HomeBoost, a residential and light commercial power system, expected to expand its addressable market [8][9] - The company sees growth potential in autonomous mobility, particularly in the robotaxi segment, which aligns with its mobile charging platform [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business and the demand environment, with a reaffirmation of revenue guidance for the full year of $27 million to $29 million [16][10] - The company is optimistic about the breadth and quality of future opportunities, particularly in government agencies and transit authorities [5][10] Other Important Information - The company is preparing to launch HomeBoost, which integrates a natural gas engine with optional DC fast charging, expected to be a key growth driver for 2026 and beyond [9] - Management emphasized the importance of operational efficiency and productivity gains in achieving profitability [10] Q&A Session Summary Question: Details on the eBoost order with the charging services company - Management explained that the order could be up to $10 million, with variables based on size and timing of delivery [22] Question: Insights on the sales pipeline and order visibility - Management noted that government agencies move at different paces, while private businesses tend to be quicker in decision-making [26] Question: Launch milestones for HomeBoost - The launch has been delayed due to internal adjustments, with expectations for orders to begin in 2025 and accelerate in 2026 [30] Question: Future margin expectations - Management indicated that margins should remain stable or improve, with no expected erosion [34] Question: Revenue concentration and market evolution - California remains the primary market, but success with HomeBoost could diversify revenue sources [40] Question: Competitive landscape for eBoost and HomeBoost - Management noted reduced competition in the eBoost space, while HomeBoost is being kept under wraps until fully ready for market [60][61]

Revel shuts down its ride-hail business to focus on EV charging | TechCrunch https://t.co/5gMdOCyF9T ...

Financial Data and Key Metrics Changes - Orion reported Q1 2026 revenue of $19.6 million, a slight decrease from $19.9 million in Q1 2025, with two of the three segments showing year-over-year growth [19] - The gross profit percentage rose to over 30% for the first time in six years, with a net loss reduced to $1.2 million from $3.6 million in Q1 2025 [11][17] - Adjusted EBITDA improved to positive $200,000 in Q1 2026 compared to a negative $1.8 million in Q1 2025 [22] Business Line Data and Key Metrics Changes - LED lighting segment revenue increased by 1% to $12.9 million, while the electrical maintenance segment revenue rose by 21% to $4 million [19][20] - EV charging solutions revenue decreased to $2.7 million from $3.8 million, primarily due to the timing of larger projects [20] - The gross margin for the LED lighting segment improved to 31.8% from 22.6%, and the maintenance segment gross margin increased to 22.4% from 3.8% [20] Market Data and Key Metrics Changes - The company is experiencing tailwinds in all three business lines nationally and regionally, with a focus on converting quality leadership into market leadership [8] - The electrical infrastructure market is seeing significant investments, providing a unique opportunity for Orion to leverage its expertise [15] Company Strategy and Development Direction - The company aims to achieve $84 million in revenue for FY 2026, with a growth expectation of 5% [24] - Orion is focusing on enhancing margins, reducing costs, and expanding its footprint in existing maintenance service customers [12][13] - The decision was made to retain the existing operational structure rather than reorganizing into two business units, allowing for better integration of EV solutions [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving year-over-year growth in revenue, profitability, and shareholder value [6] - The company anticipates modest growth in LED lighting and electrical maintenance revenues, with flat to slightly lower EV charging revenues due to funding uncertainties [25] - Management believes that the company is well-positioned to manage tariff impacts due to its domestic manufacturing capabilities [25] Other Important Information - Orion has made significant reductions in overhead and has built a diversified pipeline of revenue to support growth [17] - The company has reduced total operating expenses by 10.6% to $6.9 million in Q1 2026 from $7.7 million in Q1 2025 [12][22] Q&A Session Summary Question: Interest in electrical infrastructure and potential investment needed - Management indicated that they are in the early stages of electrical infrastructure development and believe their current infrastructure can manage growth without significant initial investment [32] Question: Expectations for pipeline impact in fiscal 2027 and beyond - Management confirmed that the current pipeline will contribute to revenue growth in fiscal 2027 and beyond [35] Question: Details on the electrical infrastructure project - Management stated that the initial project involves expanding electrical infrastructure work based on customer requests, with more details to be shared in future releases [39][40] Question: Clarification on the Boston Public Schools contract - Management clarified that the recent $6.5 million contract is an expansion of previous work done for the Boston Public Schools, indicating a significant increase in project scope [43][46] Question: Status of fluorescent bulb ban and its impact - Management acknowledged the potential impact of the fluorescent bulb ban on business but indicated that it is too early to assess enforcement [50][52]

Company Overview - Orion Energy Systems focuses on helping customers achieve sustainability, energy savings, and carbon footprint reduction goals through innovative technology and service[7] - The company operates in lighting (retrofit), EV charging, and maintenance segments, targeting industrial, commercial, retail, automotive, and public sector vertical markets[16] - Orion offers turnkey solutions, product sales, maintenance services, and EV charging installations as revenue streams[16] Macro Environment & Business Units - Macro factors influencing Orion's business include energy prices, climate/ESG concerns, EV infrastructure development, regulatory landscape (BAA/BABA compliance), and LED penetration rates[19, 20, 21] - Orion's business units include Lighting (focused on commercial & industrial retrofit), Maintenance (lighting and electrical services with 3-year recurring revenue contracts), and EV Charging Systems (turnkey installation with recurring revenue)[23] Lighting Solutions & Case Study - Orion's lighting solutions offer substantial energy cost reduction with an average payback of 1-4 years[26] - A case study at CLARIOS's 100,000 sq ft facility in Florence, KY, involved installing 800 fixtures, resulting in 814,084 kWh annual energy reduction, $54,869 annual energy cost reduction, and 218 tons annual carbon dioxide reduction[33, 36] - The company emphasizes BAA & BABA compliant products, ensuring domestic materials and American labor for federal and state/municipal/school projects[37, 38, 39] EV Charging & Market Opportunity - Orion acquired Voltrek in October 2022, a premier reseller of EV charging stations, managing over 4,000 charging ports[62] - The US needs approximately 28 million EV charging ports by 2030 to support an estimated 33 million electric vehicles[73] - A fleet project example includes a $400,000 Voltrek turnkey installation of 6 DC ChargePoint Fast Charger Stations for Haverhill High School's EV Transit Vans[77, 79] Financial Performance - In Q1 FY26, revenue was $19.6 million, and the gross margin was 30.1%[89, 91] - The company's liquidity in Q1 FY26 was $14 million, with a working capital of $17.4 million[91] - Adjusted EBITDA for Q1 FY26 was $0.206 million[94]

Core Viewpoint - Orion Energy Systems, Inc. reported a slight decline in total revenue for Q1'26 but maintained a positive outlook for FY 2026, projecting a revenue growth of approximately 5% to $84 million, which could lead to positive adjusted EBITDA for the fiscal year [1][11]. Financial Performance - Q1'26 total revenue was $19.6 million, down 2% from $19.9 million in Q1'25, with LED lighting revenue increasing by 1% to $12.9 million, EV charging revenue decreasing by 30% to $2.7 million, and maintenance revenue rising by 21% to $4.0 million [2][7][23]. - Gross profit for Q1'26 was $5.9 million, a 37% increase from $4.3 million in Q1'25, resulting in a gross profit margin of 30.1%, up from 21.6% in the prior year [2][14]. - The net loss improved to $1.2 million in Q1'26 from $3.8 million in Q1'25, with net loss per share improving from $(0.12) to $(0.04) [2][16]. - Adjusted EBITDA for Q1'26 was $0.2 million, compared to a loss of $(1.8 million) in Q1'25, marking the third consecutive quarter of positive adjusted EBITDA [2][6][16]. Segment Performance - LED lighting revenue showed resilience with a slight increase, while the EV charging segment faced challenges due to a tough comparison with the previous year and a slowdown in project activity [5][7]. - Maintenance services revenue increased significantly, reflecting new customer contracts and expanded relationships with existing customers [23]. Strategic Initiatives - The company is focusing on enhancing its LED lighting distribution business with new products and improved go-to-market strategies, aiming for a return to growth [8]. - Orion has secured contracts worth up to $7 million for electrical infrastructure and LED lighting projects from automotive customers, indicating strong customer relationships and confidence in future business [9]. Outlook - Orion anticipates a revenue growth of 5% for FY 2026, which should position the company to achieve positive adjusted EBITDA, with potential upside if economic and policy uncertainties stabilize [11][12]. - The company is optimistic about its project pipeline, including a multi-year LED lighting retrofit contract expected to generate $12 million to $18 million over several years [13].

Financial Performance & Growth - EVgo achieved revenue of $98 million, a 47% increase compared to Q2 2024[11] - Adjusted EBITDA improved by $6 million compared to Q2 2024, reaching $(1.9) million[11] - The company had $183 million in cash, cash equivalents, and restricted cash as of June 30, 2025[11] - EVgo is targeting revenue between $350 million and $380 million and Adjusted EBITDA between $(5) million and $10 million for 2025[95] - Public network daily throughput per stall grew 2.5x in 2 years[84] Network Expansion & Efficiency - The number of operational stalls increased by 27% to 4,350 compared to Q2 2024[11, 102] - EVgo closed a commercial bank financing for up to $300 million in July and received an initial $48 million[13] - The company lowered its 2025 vintage net capex per stall by 28% due to higher efficiencies and capital offsets[13] - EVgo is targeting 13,800 to 14,400 public network stalls in operation by 2029[61] Market Dynamics - Demand for DCFC is outpacing supply, creating a favorable macro environment for EVgo[14] - EVgo anticipates 4.2x growth in EV VIO (vehicles in operation) by 2030 compared to 2024[16]

Core Viewpoint - EVgo Inc. reported a record second quarter in 2025, driven by strong operational performance and a unique commercial bank loan facility aimed at accelerating infrastructure growth and enhancing shareholder value [2][5][6]. Financial Highlights - EVgo secured a $225 million oversubscribed commercial bank loan facility with the option to increase to $300 million, aimed at deploying over 1,500 new fast charging stalls [5][6]. - The company achieved record revenue of $98.0 million in Q2 2025, marking a 47% increase year-over-year [5][9]. - Charging network revenue reached $51.8 million, up 46% year-over-year, representing the 14th consecutive quarter of double-digit growth [5][9]. - Network throughput was 88 GWh, a 35% increase from the previous year [5][9]. - The company added over 240 new operational stalls, bringing the total to 4,350 [5][11]. Operational Highlights - Average daily throughput per stall increased by 22% to 281 kWh per day compared to 230 kWh in Q2 2024 [6]. - Autocharge+ accounted for 28% of total charging sessions initiated in Q2 2025 [6]. - Customer accounts grew by over 122,000, totaling 1.5 million by the end of the quarter [6]. Adjusted Financial Metrics - Adjusted gross profit was $28.4 million, a 61% increase year-over-year, with an adjusted gross margin of 28.9% [5][9]. - Adjusted EBITDA improved to $(1.9) million, a 76% improvement compared to the previous year [5][9]. - Net cash provided by operating activities was $14.1 million, reflecting an 86% increase year-over-year [10][24]. Future Guidance - The company updated its financial guidance, projecting total revenue between $350 million and $380 million and adjusted EBITDA ranging from $(5) million to $10 million for the year [16][12].

Financial Data and Key Metrics Changes - Q2 revenue was €38,300,000, up 2% compared to the previous quarter but down 22% from a record high in Q2 last year [5][29] - Gross margin was 37.8%, stable compared to the previous quarter and within the guided range of 37% to 39% [7][30] - Adjusted EBITDA loss for Q2 was €7,500,000, reflecting a 33% improvement year over year [10][32] - Cash costs, defined as labor costs and operating expenses excluding R&D, decreased by 35% year over year [9][31] Business Line Data and Key Metrics Changes - AC sales generated €26,600,000, representing approximately 69% of total revenue, with a 4% improvement quarter over quarter but down 18% year over year [15] - DC sales remained flat at €4,200,000, contributing 11% to total sales, with expectations for improvement in upcoming quarters [17] - Software and services grew by 27% year over year, generating €7,600,000 or 20% of total revenue [20] Market Data and Key Metrics Changes - Europe contributed €26,100,000 or 68% of total revenue, with a 30% year-over-year growth in the European EV market [12][24] - North America contributed €11,400,000 or 30% of total revenue, with a 5% year-over-year decline in the EV market [13][25] - APAC and LATAM contributed approximately €260,000 and €550,000 respectively, with significant future potential but not prioritized currently [14] Company Strategy and Development Direction - The company aims to selectively invest in sales structures to capture renewed market growth, particularly in Europe and North America [6][12] - Focus on operational efficiency and rightsizing the organization to achieve profitability while maintaining growth [10][28] - The company is leveraging its platform and innovative product portfolio to position itself as a leader in the EV market [36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in potential growth in the second half of the year, driven by the recovery of the European EV market [36] - The company recognizes the volatility in the North American market due to changing subsidies and policies but remains optimistic about growth opportunities [25][26] - The strategic focus is on adapting to market dynamics and achieving profitability through a flexible organizational structure [27][28] Other Important Information - The company ended the quarter with approximately €32,400,000 in cash and financial instruments, with total debt increasing by 9% to €182,000,000 [33][34] - Inventory decreased by 33% year over year, reflecting operational improvements [35] Q&A Session Summary Question: Status of the Generac investment - Management confirmed that the partnership with Generac is progressing well, with home chargers being commercialized in North America and integration of app platforms [41][42] Question: Details about the QUASAR two project - Management highlighted that QUASAR two is a bidirectional charger allowing electric car batteries to power homes, with initial deliveries to Kia AV9 owners [46][48] Question: Updates on the ABL acquisition and market momentum - Management reported strong growth in Germany and Spain, with a focus on expanding the sales organization and cross-selling opportunities [59][60]