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Hillcrest Energy Technologies (HEAT) investor relations material
Hillcrest Energy Technologies Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Focused on developing and commercializing clean energy technologies, particularly the ZVS platform, with ongoing R&D and strategic partnerships.
Transitioned away from oil and gas, with all related assets classified as discontinued operations and full impairment recognized.
Material uncertainty exists regarding the ability to continue as a going concern due to ongoing losses and reliance on external financing.
Financial highlights
Net loss for the nine months ended September 30, 2025, was $5.09 million, compared to $8.22 million for the same period in 2024.
Total assets decreased to $2.16 million as of September 30, 2025, from $2.96 million at December 31, 2024.
Cash and cash equivalents at period end were $155,625, up from $25,345 at year-end 2024.
Operating expenses for the nine months were $5.02 million, down from $8.32 million year-over-year.
Share-based compensation for the nine months was $700,634, down from $1,349,540 in the prior year.
Outlook and guidance
Announced a $7.2 million unit offering to raise capital and settle debt, with a first tranche of $2.66 million closed in October 2025.
Entered into a memorandum of understanding with Pasqua First Nation and Apeiron Resources to commercialize ZVS technology, with potential for up to $3 million in direct investment.
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