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Hypercharge Networks Corp. (E:HC)

Business Focus: Power Charging Stations

Sector:  Utilities Industry:  Electric Utilities
Company Contact
Address: 208-1075 West 1st St
Tel: N/A
IR: See website
Key People
David Bibby
President, Chief Executive Officer, Director
Kara James
Chief Financial Officer
Business Overview
Hypercharge Networks Corp. is a Canada-based provider of smart electric vehicle (EV) charging solutions that offers turnkey technology to multi-unit residential and commercial buildings, fleet operations, and other sectors. The Company provides charging solutions by offering equipment and a network of public and private charging stations. The Company provides turnkey EV charging solutions primarily for light and medium duty EVs through a managed charging network of EV charging stations, a cloud-based software platform which operates site-owner and Company-owned charging stations and offers iOS and Android mobile applications to drivers. Its portfolio includes equipment to serve every setting and vehicle with outputs from 6 kilowatt (kW) to 350 kW. The Company's EV chargers include Hypercharge JNT-EVC10, Hypercharge JNT-EVC11, Hypercharge Level 3 DC Fast Charging, and Hypercharge JuiceBar Gen 3 Series. The Company supplies and installs EV charging stations across Canada.
Financial Overview
For the nine months ended 31 December 2023, Hypercharge Networks Corp revenues increased 62% to C$2M. Net loss increased from C$2.5M to C$6.4M. Revenues reflect EV charging equipment increase of 44% to C$1.7M, Other revenue increase of 10% to C$83K. Higher net loss reflects Consulting and professional fees increase from C$758K to C$2.3M (expense), Share-based payments increase from C$507K to C$1.7M (expense).
Employees: 20 as of Jun 29, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $7.36M as of Dec 31, 2023
Annual revenue (TTM): $2.76M as of Dec 31, 2023
EBITDA (TTM): -$8.23M as of Dec 31, 2023
Net annual income (TTM): -$8.40M as of Dec 31, 2023
Free cash flow (TTM): -$5.10M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 69,140,613 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization