Core Insights - SHARC International Systems Inc. reported strong financial results for Q2 2025 and YTD 2025, with revenues of $0.85 million and $1.86 million respectively, marking increases of 19% and 9% compared to the same periods in 2024 [1][2] - The company’s Sales Order Backlog increased by 3% to $3.7 million, representing a 71% improvement over the revenue for the year ended December 31, 2024 [1][2] - SHARC Energy is expanding its presence in District Energy Systems (DES) projects, particularly in Ottawa and Vancouver, and is seeing growing acceptance of its Wastewater Energy Transfer (WET) systems [1][3] Financial Performance - Revenue for YTD 2025 is $1.86 million, which is 86% of the total revenue earned in 2024, and represents a 19% increase from $1.56 million in YTD 2024 [2] - Q2 2025 revenue increased by 9% to $0.85 million compared to $0.78 million in Q2 2024 [2] - The company reported a loss of $0.82 million in Q2 2025, compared to a loss of $0.71 million in Q2 2024, indicating a 15% increase in losses [2] Sales and Order Backlog - As of August 29, 2025, the Sales Pipeline stands at $16.6 million, with a Sales Order Backlog of $3.7 million, reflecting a 3% growth since the last disclosure [2] - The Sales Order Backlog is expected to convert to revenue within an average of 12 months, showing a 71% improvement compared to the previous year’s revenue of $2.17 million [2] Market Expansion and New Opportunities - SHARC Energy is targeting new sectors such as wastewater treatment facilities, universities, and water utilities, which are expected to provide fewer regulatory hurdles and shorter sales cycles [3] - The company plans to launch new products soon, leveraging relationships with original equipment manufacturers to enhance customer service and increase revenue [3] Recent Developments - SHARC Energy has shipped two WET systems to a U.S. government-affiliated project and is involved in the Sen̓áḵw District Energy System, the largest real estate development in Canadian First Nations history [6] - The company is also working on the False Creek Neighbourhood Energy Utility expansion in Vancouver [6] - A non-brokered private placement of unsecured convertible debentures was closed for a principal amount of $1.57 million [6]