RockBreaks – PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Reports FY 2025 Results, Highlights Transition to Independent Power Producer Model
This article has been disseminated on behalf of PowerBank and may include paid advertising. Disseminated on behalf of PowerBank Corporation PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) reported fiscal 2025 revenue of C$41.5 million, down 29% year over year, while gross margin improved to 25% and IPP revenues surged 1,508% to C$9.3 million. The company posted a net loss of C$31.1 million, largely due to a one-time impairment of C$30.4 million and higher consulting costs tied to its Solar Flow-Through Funds acquisition, but CEO Dr. Richard Lu emphasized FY 2025 as a transitional year, noting progress on scaling retained IPP…