New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$48m). Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (CA$4.97m market cap, or US$3.64m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$2.3m revenue, or US$1.7m). Reported Earnings • Nov 30
Third quarter 2025 earnings released: CA$0.045 loss per share (vs CA$0.049 loss in 3Q 2024) Third quarter 2025 results: CA$0.045 loss per share (improved from CA$0.049 loss in 3Q 2024). Revenue: CA$132.0k (down 55% from 3Q 2024). Net loss: CA$2.44m (loss narrowed 8.6% from 3Q 2024). Announcement • Oct 08
Eguana Technologies Inc. announced that it expects to receive CAD 1.125 million in funding Eguana Technologies Inc. announced a non brokered private placement to issue 10% subordinated secured convertible debentures for the principle amount of CAD 1,250,000 issued at discount the proceeds of CAD 1,125,000 on October 7, 2025. Inclusive of an oversubscription option of CAD 500,000 principal amount of Debentures for a purchase price of CAD 450,000. 0. Each Debenture will be convertible at the option of the holder into 5,000 common shares of the Company at a conversion price of CAD 0.20 per Common Share e, at any time prior to 12 months from the date of issuance of the Debentures. The Debentures will bear simple interest at a rate of 10% per annum payable by the Company. The Company may pay finders' fees in connection with the Offering, as permitted by applicable securities laws and the Exchange. Closing of the New Offering is expected to occur on or about October 17, 2025. The New Offering is subject to certain conditions, including, but not limited to,the receipt of all necessary regulatory and Exchange approvals. The Debentures and any Common Shares issued upon conversion thereof will be subject to a statutory hold period lasting four months and one day following the closing date of the Offering. Announcement • Sep 16
Eguana Technologies Inc., Annual General Meeting, Nov 27, 2025 Eguana Technologies Inc., Annual General Meeting, Nov 27, 2025. Reported Earnings • Aug 31
Second quarter 2025 earnings released: CA$0.037 loss per share (vs CA$0.077 loss in 2Q 2024) Second quarter 2025 results: CA$0.037 loss per share (improved from CA$0.077 loss in 2Q 2024). Revenue: CA$880.5k (up 33% from 2Q 2024). Net loss: CA$2.16m (loss narrowed 49% from 2Q 2024). New Risk • Jul 07
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: CA$752k (US$553k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$42m). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (CA$752k revenue, or US$553k). Market cap is less than US$10m (CA$3.62m market cap, or US$2.66m). Reported Earnings • Jul 07
Full year 2024 earnings released: CA$0.28 loss per share (vs CA$0.65 loss in FY 2023) Full year 2024 results: CA$0.28 loss per share (improved from CA$0.65 loss in FY 2023). Revenue: CA$751.9k (down 93% from FY 2023). Net loss: CA$15.4m (loss narrowed 57% from FY 2023). New Risk • Jun 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-CA$36m). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (CA$3.16m market cap, or US$2.33m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (CA$2.9m revenue, or US$2.1m). Announcement • Apr 09
Eguana Technologies Inc. announced that it expects to receive CAD 2.25 million in funding Eguana Technologies Inc announced a a non-brokered private placement to issue 2,500 10% Subordinated Secured Convertible Debentures at an issue price of CAD 900 per debenture for the gross proceeds of CAD 2,250,000 with principal amount of CAD 2,500,000 inclusive of an oversubscription option of CAD 500,000 principal amount of Debentures for a purchase price of CAD 450,000 on April 8, 2025. Each Debenture will be priced at CAD 900 and have a principal amount of CAD 1,000. Each Debenture will be convertible at the option of the holder into 8,333 common shares at a conversion price of CAD 0.12 per Common Share, at any time prior to 12 months from the date of issuance of the Debentures (the "Maturity Date"). The conversion price represents a 10% premium to yesterday's closing price of the Common Shares. The Debentures will bear simple interest at a rate of 10% per annum payable by the Company, in cash or Common Shares, on the Maturity Date. The Company may pay finders' fees in connection with the Offering, as permitted by applicable securities laws and the Exchange. Closing of the Offering is expected to occur on or about April 15, 2025. The Offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and Exchange approvals. The Debentures and any Common Shares issuable upon conversion thereof will be subject to a statutory hold period lasting four months and one day following the closing date of the Offering. Announcement • Jan 23
Eguana Technologies Inc. Announces Resignation of Daljit Ghotra, CTO, Effective January 31, 2025 Eguana Technologies Inc. announced that long standing Eguana CTO, Mr. Daljit Ghotra, has resigned, effective January 31, 2025. Reported Earnings • Nov 29
Third quarter 2024 earnings released: CA$0.005 loss per share (vs CA$0.014 loss in 3Q 2023) Third quarter 2024 results: CA$0.005 loss per share (improved from CA$0.014 loss in 3Q 2023). Revenue: CA$294.9k (down 88% from 3Q 2023). Net loss: CA$2.67m (loss narrowed 54% from 3Q 2023). Reported Earnings • Aug 30
Second quarter 2024 earnings released: CA$0.008 loss per share (vs CA$0.022 loss in 2Q 2023) Second quarter 2024 results: CA$0.008 loss per share (improved from CA$0.022 loss in 2Q 2023). Revenue: CA$660.4k (down 68% from 2Q 2023). Net loss: CA$4.19m (loss narrowed 54% from 2Q 2023). Announcement • Aug 05
Eguana Technologies Inc., Annual General Meeting, Sep 26, 2024 Eguana Technologies Inc., Annual General Meeting, Sep 26, 2024. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Karen Hayward was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$6.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$6.3m free cash flow). Share price has been highly volatile over the past 3 months (64% average weekly change). Negative equity (-CA$29m). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (CA$4.49m market cap, or US$3.28m). Minor Risks Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Revenue is less than US$5m (CA$6.6m revenue, or US$4.8m). Reported Earnings • May 29
Full year 2023 earnings released Full year 2023 results: CA$0.065 loss per share. Revenue: CA$11.5m (down 15% from FY 2022). Net loss: CA$35.6m (loss widened 164% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. New Risk • May 29
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CA$12m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (57% average weekly change). Negative equity (-CA$25m). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (CA$8.98m market cap, or US$6.55m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$12m). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.014 loss per share (vs CA$0.005 loss in 3Q 2022) Third quarter 2023 results: CA$0.014 loss per share (further deteriorated from CA$0.005 loss in 3Q 2022). Revenue: CA$2.55m (down 2.0% from 3Q 2022). Net loss: CA$5.80m (loss widened 190% from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 27% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. New Risk • Nov 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CA$5.9m). Earnings have declined by 22% per year over the past 5 years. Market cap is less than US$10m (CA$13.1m market cap, or US$9.68m). Minor Risk Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Buying Opportunity • Nov 21
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 70%. The fair value is estimated to be CA$0.047, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has declined by 14%. Announcement • Oct 06
Eguana Technologies Inc. Launches the Simplified Essential Whole Home Energy Storage System Eguana Technologies Inc. announced the launch of its Essential Whole Home energy storage system (“ESS”), specifically designed for North American mid-sized homes. Adding to Eguana’s existing portfolio of products and solutions, the Essential Whole Home is an economical option for homes with existing 100-amp service panels and comes with simplified installation and remote commissioning processes, delivering installer efficiency and improved homeowner experience. New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$30m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$30m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$5.9m). Earnings have declined by 22% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (CA$23.3m market cap, or US$17.1m). New Risk • Aug 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$5.9m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$5.9m). Earnings have declined by 22% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$30m). Shareholders have been diluted in the past year (5.5% increase in shares outstanding). Market cap is less than US$100m (CA$23.3m market cap, or US$17.3m). Announcement • Aug 29
Eguana Technologies Inc. to Report Q2, 2023 Results on Aug 29, 2023 Eguana Technologies Inc. announced that they will report Q2, 2023 results on Aug 29, 2023 Announcement • Aug 25
Eguana Technologies Inc., Annual General Meeting, Nov 02, 2023 Eguana Technologies Inc., Annual General Meeting, Nov 02, 2023. New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$33m free cash flow). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Market cap is less than US$100m (CA$53.0m market cap, or US$40.3m). Reported Earnings • Jun 02
First quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.006 loss in 1Q 2022) First quarter 2023 results: CA$0.013 loss per share (further deteriorated from CA$0.006 loss in 1Q 2022). Revenue: CA$5.86m (up CA$5.57m from 1Q 2022). Net loss: CA$5.31m (loss widened 121% from 1Q 2022). Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 41% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 01
Price target decreased by 7.7% to CA$0.40 Down from CA$0.43, the current price target is an average from 3 analysts. New target price is 196% above last closing price of CA$0.14. Stock is down 58% over the past year. Announcement • May 26
Eguana Technologies Inc. to Report Q1, 2023 Results on May 30, 2023 Eguana Technologies Inc. announced that they will report Q1, 2023 results on May 30, 2023 Announcement • May 12
Eguana Technologies Inc. Announces Chief Financial Officer Changes Eguana Technologies Inc. announced the appointment of Ms. Hansine Ullberg as Chief Financial Officer. Ms. Ullberg is a Chartered Professional Accountant with a Master of Accountancy and Bachelor of Commerce with Honours to go along with an ICD.D designation from the Institute of Corporate Directors-Rotman. Starting her career with Ernst and Young, Ms. Ullberg brings considerable experience in public capital markets, corporate culture development, and banking. In conjunction with Ms. Ullberg’s appointment, Ms. Sonja Kuehnle has resigned her position as CFO and will remain with the Company in an advisory role to oversee a smooth transition. Price Target Changed • May 03
Price target decreased by 11% to CA$0.53 Down from CA$0.60, the current price target is an average from 3 analysts. New target price is 181% above last closing price of CA$0.19. Stock is down 41% over the past year. The company posted a net loss per share of CA$0.034 last year. Reported Earnings • May 03
Full year 2022 earnings released: CA$0.034 loss per share (vs CA$0.031 loss in FY 2021) Full year 2022 results: CA$0.034 loss per share (further deteriorated from CA$0.031 loss in FY 2021). Revenue: CA$13.5m (up 120% from FY 2021). Net loss: CA$13.5m (loss widened 29% from FY 2021). Revenue is forecast to grow 58% p.a. on average during the next 5 years, compared to a 36% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 30
Independent Chairman of the Board recently bought CA$64k worth of stock On the 27th of December, George Powlick bought around 250k shares on-market at roughly CA$0.26 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$94k. George has been a buyer over the last 12 months, purchasing a net total of CA$318k worth in shares. Recent Insider Transactions • Dec 21
Independent Chairman of the Board recently bought CA$84k worth of stock On the 16th of December, George Powlick bought around 297k shares on-market at roughly CA$0.28 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$94k. George has been a buyer over the last 12 months, purchasing a net total of CA$254k worth in shares. Recent Insider Transactions • Dec 09
Independent Chairman of the Board recently bought CA$94k worth of stock On the 5th of December, George Powlick bought around 324k shares on-market at roughly CA$0.29 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. George has been a buyer over the last 12 months, purchasing a net total of CA$170k worth in shares. Price Target Changed • Nov 22
Price target decreased to CA$0.65 Down from CA$0.72, the current price target is an average from 3 analysts. New target price is 155% above last closing price of CA$0.26. Stock is down 39% over the past year. The company posted a net loss per share of CA$0.026 last year. Announcement • Nov 18
Eguana Technologies Inc. to Report Q4, 2022 Results on Nov 21, 2022 Eguana Technologies Inc. announced that they will report Q4, 2022 results After-Market on Nov 21, 2022 Announcement • Sep 01
Eguana Technologies Inc. announced that it has received CAD 33 million in funding On August 31, 2022, Eguana Technologies Inc. closed the transaction. Reported Earnings • Aug 30
Third quarter 2022 earnings released: CA$0.008 loss per share (vs CA$0.008 loss in 3Q 2021) Third quarter 2022 results: CA$0.008 loss per share (vs CA$0.008 loss in 3Q 2021). Revenue: CA$2.32m (up 68% from 3Q 2021). Net loss: CA$3.16m (loss widened 16% from 3Q 2021). Over the next year, revenue is forecast to grow 814%, compared to a 247% growth forecast for the Electrical industry in Canada. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Aug 30
Forecast to breakeven in 2024 The 3 analysts covering Eguana Technologies expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$4.00m in 2024. Average annual earnings growth of 90% is required to achieve expected profit on schedule. Announcement • Aug 17
Eguana Technologies Inc., Annual General Meeting, Oct 26, 2022 Eguana Technologies Inc., Annual General Meeting, Oct 26, 2022. Major Estimate Revision • Jun 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CA$22.9m to CA$19.5m. EPS estimate unchanged from -CA$0.02 per share at last update. Electrical industry in Canada expected to see average net income growth of 17% next year. Consensus price target up from CA$0.70 to CA$0.72. Share price fell 4.7% to CA$0.30 over the past week. Reported Earnings • May 31
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CA$0.006 loss per share (up from CA$0.011 loss in 2Q 2021). Revenue: CA$285.1k (down 18% from 2Q 2021). Net loss: CA$2.40m (loss narrowed 15% from 2Q 2021). Revenue missed analyst estimates by 83%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 749%, compared to a 674% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
Eguana Technologies Inc. to Report Q2, 2022 Results on May 30, 2022 Eguana Technologies Inc. announced that they will report Q2, 2022 results After-Market on May 30, 2022 Breakeven Date Change • Apr 27
Forecast to breakeven in 2024 The 3 analysts covering Eguana Technologies expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$5.70m in 2024. Average annual earnings growth of 85% is required to achieve expected profit on schedule. Announcement • Apr 05
Eguana Technologies Inc. announced that it expects to receive $10 million in funding from Westech Investment Advisors, Inc. Eguana Technologies Inc. announced that it has entered into a loan agreement of $10,000,000 with the returning lender Western Technology Investment, fund managed by Western Technology Investment on April 4, 2022. The company intends to draw US$5,000,000 under the terms of the Loan. An additional $5,000,000 is available through August 31, 2022. Each tranche will bear interest at a rate of 12% per annum, with interest only payments being paid during the first six months. As consideration for the advance of the loan, the company has issued common share purchase warrants, entitling the lender to purchase up to an aggregate of up to 4,934,309 common shares of the company at a price of $0.28 per common share for a period of five years from the date of the Loan. Major Estimate Revision • Mar 08
Consensus revenue estimates fall by 25% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CA$33.2m to CA$25.0m. Forecast losses increased from -CA$0.01 to -CA$0.02 per share. Electrical industry in Canada expected to see average net income growth of 14% next year. Consensus price target down from CA$0.80 to CA$0.72. Share price fell 33% to CA$0.28 over the past week. Breakeven Date Change • Mar 04
Forecast to breakeven in 2024 The 2 analysts covering Eguana Technologies expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of CA$5.70m in 2024. Average annual earnings growth of 85% is required to achieve expected profit on schedule. Announcement • Mar 02
Eguana Expands Energy Storage Power Controls Platform to Include the Eguana Enfuse suite of Microinverters Eguana Technologies announced that it has expanded its power controls platform to include solar PV microinverter solutions. The Eguana Enfuse micro inverter line has been developed to accept higher power than competitive products delivering up to 15% more energy annually. Inclusive of single, dual, and quad PV module configurations the Enfuse line allows installers and homeowners to maximize rooftop solar configurations with fewer parts providing a more efficient installation process, better reliability and the most cost effective microinverter solution in the market. The updated platform offers a seamless customer experience, enhanced system performance, and a single point of contact for installation support, product training, and after sales service. Energy storage solutions will remain universally compatible with third party PV inverters, inclusive of retrofit installations. Announcement • Mar 01
Eguana Technologies Inc. to Report Q1, 2022 Results on Mar 01, 2022 Eguana Technologies Inc. announced that they will report Q1, 2022 results After-Market on Mar 01, 2022 Price Target Changed • Feb 18
Price target decreased to CA$0.80 Down from CA$0.90, the current price target is an average from 2 analysts. New target price is 95% above last closing price of CA$0.41. Stock is down 23% over the past year. The company is forecast to post a net loss per share of CA$0.01 next year compared to a net loss per share of CA$0.035 last year. Reported Earnings • Jan 08
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: CA$0.035 loss per share (up from CA$0.036 loss in FY 2020). Revenue: CA$7.17m (down 9.8% from FY 2020). Net loss: CA$10.4m (loss widened 26% from FY 2020). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Earnings per share (EPS) surpassed analyst estimates by 50%. Over the next year, revenue is forecast to grow 445%, compared to a 127% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Third quarter 2021 earnings released: CA$0.008 loss per share (vs CA$0.008 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CA$1.38m (down 37% from 3Q 2020). Net loss: CA$2.73m (loss widened 55% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • May 13
Eguana Technologies Inc. Announces Its 10Kw Evolve Product Has Completed Construction Review Eguana Technologies Inc. announced its 10kW Evolve product has completed construction review and is proceeding to final system certification ahead of schedule. This critical milestone allows the Company to begin procuring materials for first production units planned in July and customer shipments through the summer. The 10kw Evolve provides homeowners with an integrated, heavy-duty, home battery, with twice the power and storage capacity of leading competitors, giving homeowners longer duration back up power modes. In addition, it will perform an important role in virtual power plant ("VPP") infrastructure builds given its increased power and expandable storage capacity. Reported Earnings • Mar 03
First quarter 2021 earnings released: CA$0.01 loss per share (vs CA$0.007 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: CA$2.32m (down 17% from 1Q 2020). Net loss: CA$2.36m (loss widened 49% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Feb 27
Eguana Technologies Inc. to Report Q1, 2021 Results on Mar 01, 2021 Eguana Technologies Inc. announced that they will report Q1, 2021 results After-Market on Mar 01, 2021 Announcement • Feb 26
Eguana Technologies Inc. announced that it has received CAD 20 million in funding On February 25, 2021, Eguana Technologies Inc. (TSXV:EGT) closed the transaction. The company issued 50,000,000 special warrants for gross proceeds of CAD 20,000,000. Is New 90 Day High Low • Feb 10
New 90-day high: CA$0.49 The company is up 230% from its price of CA$0.15 on 11 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 145% over the same period. Announcement • Feb 09
Eguana Technologies Inc. announced that it expects to receive CAD 15 million in funding Eguana Technologies Inc. (TSXV:EGT) announced a best efforts private placement of 37,500,000 pre-paid special warrants at a price of CAD 0.4 per share for gross proceeds of CAD 15,000,000 on February 8, 2021. Each special warrant will be convertible into one common share of the company without payment of any additional consideration upon certain conditions being met. The company has granted the agents an over-allotment option, exercisable in whole or in part, at any time and from time to time up to 48 hours prior to the closing date, to increase the size of the transaction by up to an additional CAD 5,000,000. All securities to be issued in connection with the transaction will be subject to a 4-month hold period from the date of the closing. The transaction is expected to close in February 2021, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities and the execution of a definitive agency agreement with the agents in respect of the transaction. Reported Earnings • Jan 24
Full year 2020 earnings released: CA$0.036 loss per share The company reported a solid full year result with reduced losses and improved revenues and control over expenses. Full year 2020 results: Revenue: CA$7.95m (up 132% from FY 2019). Net loss: CA$8.24m (loss narrowed 9.9% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 12
New 90-day high: CA$0.28 The company is up 90% from its price of CA$0.15 on 13 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 48% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: CA$0.21 The company is up 14% from its price of CA$0.18 on 28 August 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 26% over the same period. Announcement • Nov 19
Eguana Technologies Inc. announced that it has received CAD 1.5 million in funding On November 17, 2020, Eguana Technologies Inc. (TSXV:EGT) closed the transaction. Announcement • Oct 18
Eguana Technologies Inc. announced that it expects to receive CAD 1 million in funding Eguana Technologies Inc. (TSXV:EGT) announced a brokered private placement of up to1,000 limited partnership units at CAD 1,000 per unit for gross proceeds of up to CAD 1,000,000 on October 16, 2020. Each unit can be exercised to acquire one common share of the company at the price of CAD 0.15 per share for period expiring March 31, 2021. In connection with the transaction, the company will pay an aggregate cash commission of 7% of the gross proceeds of the transaction, and 7.5% common shares issued on exchange of limited partnership units to the placement agent. The securities will have indefinite hold period. The transaction is subjected to approval of TSX Venture Exchange approval. Each broker warrant will be exercisable to purchase one common share at an exercise price of CAD 0.15 per common Share for a period of 24 months, and hold period of four months plus one day from the date of issuance. Announcement • Jul 20
Eguana Technologies Inc.(TSXV:EGT) dropped from S&P/TSX Venture Composite Index Eguana Technologies Inc.(TSXV:EGT) dropped from S&P/TSX Venture Composite Index