Hypercharge Networks Q1 Loss Widens; Names Kyle Moncrief as CFO

10:10 AM EDT, 08/31/2026 (MT Newswires) -- Hypercharge Networks (HC.V) reported first-quarter loss of C$0.01 per share compared with breakeven per share, a year earlier. Total revenue decreased to C$1.4 million in the three months ended June 30, 2026, compared with C$3.4 million a year-ago, the company said late Friday. Hypercharge also promoted Kyle Moncrief to the role of Chief Financial Officer, effective Aug. 27. Moncrief succeeds Alex McAulay, who stepped down as CFO, it said. "Looking ahead through fiscal 2027, our focus is to grow our sales pipeline with more Level 2 charging deployments which have shorter sales cycles and higher margins," said Hypercharge CEO David Bibby. "In the coming quarters, we will prioritize converting our sales backlog into revenue, integrating and continuing to build on the Eddie acquisition, expanding recurring and service revenue, improving revenue quality and gross margins, and remaining disciplined in capital allocation." Shares of the company were last seen unchanged at C$0.07 on the TSX Venture Exchange.