PowerBank Reported FY25 Revenue Of $41.5M Vs $58.4M YoY, EPS Loss Of $(0.97) Vs $(0.13) YoY

Benzinga2025-10-02

Fiscal Year Highlights (All Amounts are for the Twelve Month Period ended June 30, 2025 ("FY 2025") compared to the Twelve Month Period ended June 30, 2024 ("FY 2024"))

  • Revenues decreased by 29% to $41.5 million in FY 2025 as compared to $58.4 million in FY 2024.
    • IPP revenues increased by 1,508% to $9.3 million in FY 2025 as compared to $0.6 million in FY 2024.
  • Gross margin improved to 25.0% in FY 2025 as compared to 20.0% in FY 2024.
  • Despite the decrease in revenues, gross profit only decreased by 10.0% to $10.5 million in FY 2025 as compared to $11.7 million in FY 2024.
  • Adjusted EBITDA(1) of ($0.68) million in FY 2025 compared to $0.82 million for FY 2024.
  • Net loss of $31.1 million in FY 2025, or $0.97 per basic share, compared to net loss of $3.6 million in FY 2024, or $0.13 per basic share. The net loss includes major items below:
    • Professional and consulting fees were $13.1 million, primarily reflecting higher costs associated with business expansion activities undertaken following the acquisition of Solar Flow-Through Funds Ltd. ("SFF") in FY2025; and
    • Impairment loss of $30.4 million, which is non-recurring.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment