NetworkNewsBreaks – PowerBank Corporation (NASDA
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Posted On: 10/02/2025 5:00:18 PM
NetworkNewsBreaks – PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Reports FY 2025 Results, Highlights Transition to Independent Power Producer Model
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) reported fiscal 2025 revenue of C$41.5 million, down 29% year over year, while gross margin improved to 25% and IPP revenues surged 1,508% to C$9.3 million. The company posted a net loss of C$31.1 million, largely due to a one-time impairment of C$30.4 million and higher consulting costs tied to its Solar Flow-Through Funds acquisition, but CEO Dr. Richard Lu emphasized FY 2025 as a transitional year, noting progress on scaling retained IPP assets, advancing U.S. solar development under new ITC rules, and expanding Canadian battery storage and community solar initiatives.
To learn more about PowerBank, please visit www.powerbankcorp.com .
This report contains forward-looking information. Please refer to https://nnw.fm/Cwu7S for additional details.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://nnw.fm/vl2TG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) reported fiscal 2025 revenue of C$41.5 million, down 29% year over year, while gross margin improved to 25% and IPP revenues surged 1,508% to C$9.3 million. The company posted a net loss of C$31.1 million, largely due to a one-time impairment of C$30.4 million and higher consulting costs tied to its Solar Flow-Through Funds acquisition, but CEO Dr. Richard Lu emphasized FY 2025 as a transitional year, noting progress on scaling retained IPP assets, advancing U.S. solar development under new ITC rules, and expanding Canadian battery storage and community solar initiatives.
To learn more about PowerBank, please visit www.powerbankcorp.com .
This report contains forward-looking information. Please refer to https://nnw.fm/Cwu7S for additional details.
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://nnw.fm/vl2TG
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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