Hybrid Power Solutions Inc. (C:HPSS)
Business Focus: Batteries & Uninterruptable Power Supplies
| Sector: Industrials | Industry: Electrical Components & Equipment |
| Company Contact | |
| Address: | 208 - 333 Terminal Avenue VANCOUVER BC V6A 4C1 |
| Tel: | N/A |
| Website: | https://hybridps.ca |
| IR: | See website |
| Key People | ||
| Francois Byrne Chief Executive Officer, Founder | Micheal Pinosa Lead Engineering Designer | Shane Power Head of Franchising |
| Business Overview |
| Hybrid Power Solutions Inc. is a Canadian clean energy company, which specializes in producing, developing and installing direct-to-consumer clean technology products, such as portable power packs and stationary energy storage. The Company designs and manufactures patent pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit and construction sectors. The Company, through its wholly owned subsidiary, HPS Solar Inc., introduced a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Its range of portable solar generators and residential solar lithium batteries are proudly engineered and built by it in Canada. It also offers reliable, solar and backup power systems with turnkey solar installation services. It offers Off Grid Solar Systems and Grid Tied Solar Systems. |
| Financial Overview |
| For the nine months ended 29 February 2024, Hybrid Power Solutions Inc revenues decreased 36% to C$1.8M. Net loss increased from C$1.5M to C$5.2M. Revenues reflect Product and installation sales segment decrease of 38% to C$1.7M, Canada segment decrease of 42% to C$1.3M, United States segment decrease of 20% to C$451K. Higher net loss reflects Advertising increase from C$190K to C$630K (expense). |
| Employees: | 24 as of Feb 28, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $24.48M as of Feb 29, 2024 |
| Annual revenue (TTM): | $2.30M as of Feb 29, 2024 |
| EBITDA (TTM): | -$6.22M as of Feb 29, 2024 |
| Net annual income (TTM): | -$6.60M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$4.51M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $0.39M as of Feb 29, 2024 |
| Shares outstanding: | 72,138,665 as of May 7, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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