Eguana Technologies (EGT) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue reached $0.9 million, a 426% increase year-over-year, with $1.9 million for the first half, up 407% from the prior year.

• Gross margin improved to $424,934 in Q2 2025 from negative $62,781 a year ago, driven by discounted inventory purchases and utility channel expansion.

• Operating loss narrowed to $698,385 in Q2 2025 from $1,590,267 in Q2 2024; net loss for the first half was $1,263,835, a 58% improvement year-over-year.

• Utility engagements and project momentum increased in both the US and Canada, with new pilots and partnerships announced.

Financial highlights

• Q2 2025 revenue of $0.9 million, up 426% from Q2 2024; six-month revenue of $1.9 million, up 407%.

• Q2 2025 gross margin of $424,934, a 44% margin, compared to negative margin in Q2 2024.

• Operating loss reduced to $698,385 in Q2 2025 from $1,590,267 in Q2 2024.

• Net loss for the first half of 2025 was $1,263,835, a 58% improvement from the prior year.

Outlook and guidance

• Focus remains on demonstrating value in demand response, load management, and grid services for utilities.

• VPP utility accelerator program and Eguana Edge expected to drive higher storage sales and recurring revenues.

• Anticipates further project installations in Canada and new US partnerships in the coming quarters.