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Hybrid Power Solutions reports Q1 Financial Results
Thenewswireยท 2025-10-30 23:15
Core Viewpoint - Hybrid Power Solutions Inc. is focused on expanding its clean energy solutions amidst economic challenges, emphasizing strategic partnerships, manufacturing reshoring, and R&D acceleration to capture sales opportunities in key markets [2] Q1 2025 Business Highlights - The company has signed distribution agreements with One Stop Truck & Equipment, Alamo Auto Supply, and Purafy [4] - A partnership has been formed with Terrapass for carbon offset solutions [4] - A Memorandum of Understanding has been signed with Volthium Energy Inc. for lithium-ion battery systems [4] - Orders received include two Spark power systems and two Batt Pack Jupiter units from major Canadian transit agencies [4] - Initial sales of Batt Pack Energy and Pro units have been made to Canadian universities [4] - Multiple Batt Pack Pro units sold through Alamo Auto Supply [4] - Participation in the 2025 Nevada Energy Storage Roadshow has been confirmed [4] Q1 2025 Financial Highlights - The net loss for the period ending August 31, 2025, is ($627,687), an improvement from a net loss of ($1,122,670) for the same period in 2024 [4] - Revenue for the period ending August 31, 2025, is $298,926, down from $1,038,582 in 2024 [4] - Expenses for the period ending August 31, 2025, are $668,159, reduced from $1,425,760 in 2024 [4]