Core Insights - SHARC International Systems Inc. reported a significant increase in revenue for the year-to-date 2025, achieving $2.69 million, 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 [2][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 Q3 2024, representing a 12% reduction [3] - Gross margins for Q3 2025 were 39%, up from 32% in Q3 2024, indicating improved profitability [3] Sales and Market Opportunities - The company has a Sales Pipeline of $16.6 million, with a nominal increase since the last disclosure, indicating ongoing efforts to replenish the pipeline [3][4] - SHARC Energy is entering new market sectors, including wastewater treatment plants, universities, and data centers, which are expected to diversify the company's revenue streams [4] - The company is in final negotiations for large-scale district energy projects that could significantly enhance its growth profile in 2026 and beyond [4] Recent Developments - SHARC Energy has secured key patents for its wastewater heat exchange system in the U.S. and Europe, providing protection until 2043 and 2042, respectively [7] - The company closed a non-brokered private placement of unsecured convertible debentures for a principal amount of $1.57 million [7] - Fred Andriano has been appointed as Chairman of the Board, indicating a shift in leadership within the company [7]

Core Insights - SHARC International Systems Inc. has shipped two SHARC 880 Wastewater Energy Transfer (WET) Systems to a U.S. government-affiliated project, indicating the company's growing influence in the market [1] - The company's WET technology is gaining traction in the U.S. and is recognized for its role in sustainable infrastructure, as highlighted in a Wall Street Journal article [2] - SHARC Energy's systems recycle thermal energy from wastewater, providing energy-efficient solutions for heating, cooling, and hot water production across various sectors [4] Company Overview - SHARC Energy is a leader in energy recovery from wastewater, offering economical systems for commercial, residential, and industrial applications, as well as for district energy networks [4] - The company is publicly traded on multiple exchanges, including the Canadian Securities Exchange, OTCQB in the U.S., and Frankfurt Stock Exchange [5]