The company provides turnkey EV charging solutions through a managed charging network that utilizes a cloud-based software platform operating site-owner and company-owned charging stations with iOS and Android mobile applications. As of Q3 2025, the company demonstrated significant growth with revenue of CAD 4.98M, up 366% from Q3 2024, though profitability remains challenged by operating losses.
Cyborg Score Rationale
In Q3 2025, the company reported a loss per share of CAD 0.048, further deteriorated from CAD 0.023 in Q3 2024, with net losses widening 114% to CAD 3.39M. Despite strong revenue growth, the company faces significant profitability challenges. The market capitalization is approximately CAD 11.1M, indicating a very small-cap stock with limited liquidity.
Top Insights
The company was incorporated in 2018 and changed its name from Cliffwood Capital Corp. to Hypercharge Networks Corp. in September 2018, with less than a decade of operational history in its current form.
Revenue grew 366% year-over-year in Q3 2025, indicating strong market adoption, but absolute revenue base remains very small at ~CAD 5M quarterly.
The company listed on the TSX Venture Exchange in March 2024, moving from Cboe Canada, signaling improved access to Canadian capital markets.
The board comprises only 2 independent directors and 3 non-independent directors, raising governance concerns regarding independence and oversight.
Named Competitors
Tesla Supercharger — Premium EV fast-charging network
Electrify America — High-power DC charging network
EVgo — Public DC fast-charging network operator
ChargePoint — Cloud-based EV charging network platform
Recent Developments
(October 2025) Tony Geheran appointed to board of directors with 30+ years telecommunications and operations experience
(April 2025) Closed final tranche of private placement, raising CAD 844,835 at CAD 0.065 per unit
(May 2025) Launched Hypercharge Halo Level 2 EV charging station for multi-family and commercial properties
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