PowerBank Corp reported a net loss for Q3 fiscal 2026, but its stock rose 4.78% during market hours and an additional 6.56% in aftermarket trading.
The company posted a loss per share of CAD 0.21, compared to CAD 0.12 last year, with negative revenue of CAD 34,000 due to adjustments. Despite the figures, investor confidence remained strong due to operational improvements.
Gross profit margin expanded by 900 basis points, and operating expenses decreased 34.5% year-over-year. Market cap is $28.79M, with a debt-to-equity ratio of 2.75.
CEO Dr. Richard Lu stated, "We demonstrated resilience in a volatile environment. Our team consistently delivered, and we continue to execute on our pipeline."
CFO Sam Sun added, "Our cost management efforts reduced operating expenses significantly. Improved liquidity provides flexibility to capitalize on emerging opportunities."
PowerBank expects a return to positive EPS by FY2027, driven by solar and battery storage projects. Revenue forecasts are CAD 41.89M for FY2026 and CAD 63.94M for FY2027.
