Canada · Delayed Price · Currency is CAD PowerBank Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 27% year-over-year to CAD 19.2 million, with gross margin rising to 45% and net income reaching CAD 1 million. Operational highlights include new solar and battery projects, entry into data centers and crypto, and a strategic focus on battery storage amid industry headwinds.
Fiscal Year 2025
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Revenue declined 29% year-over-year as the business shifted to asset ownership, but gross margin improved to 25% and IPP revenue surged, driven by the Solar Flow-Through Fund acquisition. Net loss widened due to impairment charges, while the asset base and cash position grew significantly.
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Revenue fell 42% year-over-year to CAD 29 million due to a strategic shift from EPC to IPP, but recurring IPP revenue grew sharply. Strong cash position, major project milestones, and new funding support future growth, with management expecting improved results in Q4.
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Revenue more than doubled to CAD 16 million, driven by EPC and recurring IPP growth. Operating cash flow and adjusted EBITDA rose sharply, with major projects advancing and a strong outlook for recurring revenue as new assets come online.
Fiscal Year 2024
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Vertically integrated across the solar value chain, the company is expanding in North America with a $1.5B project backlog and a shift toward recurring revenue as an independent power producer. Asset growth, stable returns, and future dividends are key priorities.