Canada's SHARC Energy Q3 revenue rises, net loss narrows

Sharc International Systems

01/12/2025 13:11

Overview

SHARC Energy Q3 2025 revenue rose 6% yr/yr to C$0.83M

Company reports 12% reduction in Q3 net loss, adjusted EBITDA improves 22%

Sales order backlog decreased 7% since August 2025, but up 58% from 2024

Outlook

SHARC Energy expects to exceed $3 mln in revenue by year-end 2025

Co entering new sectors like wastewater treatment and data centers, expecting to close new business by next reporting date

Result Drivers

GROSS MARGIN IMPROVEMENT - Q3 2025 gross margin increased to 39% from 32% in Q3 2024, attributed to sales mix and project completion stages

SALES ORDER BACKLOG - Sales order backlog decreased 7% since August 2025 but increased 58% from 2024, indicating strong future revenue potential

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EBITDA
-C$500,000


Press Release: ID:nGNX2b6Y9Y

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)