Energy Co. Reports More Than 400% Rise in Revenue This Year

Source: Streetwise Reports 09/03/2025

Energy storage solutions provider Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTC) releases its financial results for the second quarter ending June 30, 2025. Find out what’s driving an expected increase in electricity demand.

Energy storage solutions provider Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTC) has released its financial results for the second quarter ending June 30, 2025.

The company reported revenue of CA$0.9 million for Q2 2025, marking a 426% increase compared to the same quarter in June 2024. For the first half of 2025, revenue reached CA$1.9 million, a 407% rise from CA$0.5 million in the same period last year.

The gross margin for Q2 2025 was approximately CA$424,934, a significant improvement from a negative CA$62,781 in the comparable quarter of June 2024, Eguana said. For the six months ending June 30, the gross margin was CA$886,108, reflecting a 46% improvement from the previous year.

This enhancement in gross margin is mainly attributed to the acquisition of discounted finished goods in 2024 from a former partner and a shift towards utility channels.

“Utility engagements continued to increase through Q2 as we have been able to point to success with current projects and pilots to demonstrate the capabilities of our ESS and Eguana Edge technologies,” Chief Executive Officer Justin Holland said. “Recent changes to investment tax credit rules in the USA have prioritized energy storage and the focus on corporate ownership of the assets recognizes that this is the best model to deliver the full value from distributed energy storage.”

Meanwhile, in Canada, “Momentum continues to build, especially in deregulated electricity markets, and Eguana will help Canada to lead in this critical new area of technology development and deployment. We have exciting projects planned and ongoing in BC, AB, ON, and NS as we utilize Canadian-made technology to build a more resilient distributed grid right here at home.”

According the company, its operating loss for Q2 2025 was CA$698,385, a reduction from the CA$1,590,267 loss in the same quarter of 2024. This improvement is largely due to ongoing efforts in cost management and strategic expenditure.

Net Loss Improves

For the six months ending June 30, the net loss was CA$1,263,835, a 58% improvement from the CA$3,116,992 net loss in the comparable period.

As of June 30, 2025, working capital remained negative, with long-term debt still classified as current. The liquidity situation, affected by the slow recovery of the renewables market, is being closely monitored and has been addressed in previous announcements.

ITOCHU Corp., a strategic investor in Eguana, has agreed to extend the maturity date of its convertible debenture to November 30, 2025. This extension provides additional time for both parties to negotiate a long-term solution and includes all past interest, which was previously deferred to the end of the debenture term.

The company was previously under a management cease trade order (MCTO) from the Alberta Securities Commission due to late filing of audited annual consolidated financial statements. It said it has now resolved this issue, with all filings up to date.

Second Quarter Business Updates

Eguana is actively bidding into the California demand response market, collaborating with a California-based DERMS partner and Community Choice Aggregator, following the successful completion of multistage testing protocols over several months. The company said it continues to ship to its Western Canadian utility partner, supporting multiple feeder improvement projects, with additional feeders identified and new orders anticipated in the fourth quarter.

It has been selected as the recipient of a request for proposal (RFP) process with a Southern Alberta utility to demonstrate the impact of energy storage on single feeder applications. The feeder has been identified, and multiple home builders are participating in the program. Further details will be shared in the coming weeks, with installations expected in the first quarter of 2026.

Post-integration testing is ongoing with several smart meter companies, leveraging Evolve’s advanced IEEE 2030.5 implementation to demonstrate control and telemetry capabilities to utilities, including smart meter and Advanced Metering Infrastructure (AMI) networks, as well as AI-driven distributed computing at the grid edge, Eguana said.

Eguana has been awarded a development contract supported by federal and municipal funds to enhance the Eguana Edge platform with additional utility-focused functionality and reporting. The solutions will be demonstrated in commercial building applications within the municipality. More information on the program will be announced by the municipality and program managers in the coming weeks.

The company has partnered with a US-based provider of third-party finance for utility infrastructure, focusing on distributed energy storage. This partnership eliminates capital requirements for utilities, replacing them with a fee for services delivered to both the utility and homeowners.

Near-term opportunities are being developed, and the company said further partnership details will be announced in September.

The Catalyst: A ‘Full-Blown Industrial Revolution’

In a piece for U.S. Global Investors dated July 25, Frank Holmes highlighted how government policy often lays the groundwork for major transformations. He described the developments in AI within the U.S. as a “full-blown industrial revolution, and it’s being backed and subsidized by the federal government like few things I’ve seen before.”

An executive order signed by President Donald Trump could signal a new era for U.S. manufacturing and energy industries. With this order, the White House has prioritized AI data centers and their critical infrastructure — such as semiconductors, transmission lines, and power generation — by granting them national priority status.

This designation allows for faster permitting processes, fewer regulatory hurdles, access to federal lands, and the potential for hundreds of billions of dollars in new investments to flow into this sector over the next decade.

Holmes likened the current AI developments to the scale and ambition of the defense expansion during the Reagan era or the shale boom of the 2010s. The executive order issued on July 23 is designed to support the construction of large-scale AI data centers that require over 100 megawatts of power, which is crucial for training and running advanced AI models, marking a significant advancement in computational capacity.

Eguana offers a range of hardware and software solutions specifically designed for managing power grids to handle such volume at the utility level, featuring extensive Virtual Power Plant (VPP) functionalities. These functionalities include demand response, voltage and frequency regulation, backup power, fleet aggregation, spinning reserve, and real-time visibility and analytics at the grid edge.

The company’s Evolve hardware, along with its Cloud and Edge software platforms, provides utilities and DERMS partners with real-time management and visibility solutions at the grid edge. As the power grid transitions into a more distributed network, energy storage assets are set to become crucial in grid management.[OWNERSHIP_CHART-9069]

*Technical Analyst Clive Maund has shared his thoughts on the company’s future, noting, “The rickety traditional centralized grid structure is at or close to its limits and requires transformation. The advantages of this transformation will be huge — a massive increase in capacity, vastly more efficient utilization of power generated, decreased demand on centralized power generation, and protection of the end user, corporate or private, from power outages.”

Maund expressed that he sees the stock as having an “exceptionally positive risk/reward ratio” and has given it a Strong Buy rating for all investment time frames, with price targets ranging from CA$0.20 to CA$2.

Ownership and Share Structure

According to the company, about 0.5% is owned by management and insiders.

24.6% is held by the Japanese ITOCHU Corp., the company said.

The company’s market cap of CA$3.61 million, according to Refinitiv. Its 52-week range is CA$0.05 and CA$0.20.

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Important Disclosures:

1. Eguana Technologies Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Eguana Technologies Inc. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Eguana Technologies Inc.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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* Disclosure for the quote from the Clive Maund article published on March 24, 2025

1. For the quoted article (published on March 24, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989. The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund’s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund’s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

( Companies Mentioned: EGT:TSX.V; EGTYF:OTC, )

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