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Eguana Technologies Inc V.EGT

Alternate Symbol(s):  EGTYF

Eguana Technologies Inc. is a Canada-based company, which designs and manufactures residential and commercial energy storage systems. The Company is engaged in delivering grid edge power electronics for fuel cell, photovoltaic and battery applications, and delivers various solutions from its manufacturing facilities in Europe, Australia and North America. The Company supplies energy storage systems for solar self-consumption, grid services and demand charge applications at the grid edge. The Company’s product lines are based on patented, software-driven, advanced power control technology platform. Its products include Evolve and Elevate. Its Evolve is a storage solution for homes large and small, which provides a fully automated backup solution for multi-day power outages. Its Elevate is engineered to reduce peak loads and reduce demand charges for small commercial and industrial applications.


TSXV:EGT - Post by User

Bullboard Posts
Post by WinterBaronon Oct 19, 2018 12:19pm
158 Views
Post# 28835534

From 3rd Quarter Results (June)

From 3rd Quarter Results (June)The results were presented approximately 2 months after end of June 3rd quarter and were very positive.
Some of that detail is repeated below.

Let's hope the year end (August) finally ignites the investment market.
To this point anyway it looks like considerably more than glowing comments are necessary.
Definitely needs strong sales, production and profitability confirmation to excite investors. 

Highlights

Achieved third straight quarter of +$1 million in revenue
Launched Enduro, a European all-in-one product developed for the solar self-consumption market Expanded distribution coverage for Evolve in the US south, east and west coasts, Puerto Rico and the Caribbean
Expanded distribution coverage in Europe to include Benelux, France, Turkey, and the Middle East for Evolve and Enduro
Initial shipments of Elevate units (Eguana’s 3-phase Commercial solution) to California,
Completed initial Evolve shipments to Guam, Saipan, and Puerto Rico with leading US renewable energy power company

Outlook for remainder of calendar 2018

Rapid revenue increase from new distribution and installer partnerships
Australian partner agreements with initial orders and delivery
Transition to contract manufacturing to manage global production ramp-up
Participate in Australian utility virtual power plant testing
Continued expansion of sales and marketing teams in key markets
Bullboard Posts