Hypercharge Reports First Quarter Fiscal 2027 Results & Management Change

VANCOUVER, British Columbia, Aug. 28, 2026 (GLOBE NEWSWIRE) -- Hypercharge Networks Corp. (TSXV: HC; OTC: HCNWF; FSE: PB7) (the “Company” or “Hypercharge”), a leading EV charging operator, is announcing the release of its unaudited financial results for the three months ended June 30, 2026, and related management discussion and analysis. All dollar figures are in Canadian Dollars, unless otherwise stated.

“Fiscal 2027 began with a continued focus on higher-margin Level 2 charging deployments that improve recurring revenue growth and overall revenue durability. While fiscal Q1 presented challenges with revenue falling year-over-year and our operating loss increase, we have made investments this quarter to improve the long-term sustainability of our business. The shift in our revenue mix was evident in the growth of subscription and service revenue, improved gross margins, and a stronger sales backlog. Subscription and service revenue increased 68% year-over-year to $520,074, gross margin expanded nineteen percentage points to 44%, and sales backlog increased to $3.49 million, an increase of 68% compared to the three months ended March 31, 2026.