Business
PowerBank Announces Third Quarter Results
PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal third quarter and fiscal 2026 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to "FY2025" mean the year ended June 30, 2025 and references to "FY2026" mean the year ended
About this update from Powerbank Corporation
[{"type":"text","content":"Gross Margin Expands to 35% Year-to-Date; Working Capital Turns Positive to $10.7 Million; Net Loss Narrows to $(12.2)M from $(34.7)M in Prior Year","length":147,"tagName":"p","attribs":{}},{"type":"text","content":"This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated June 5, 2025, to its short form base shelf prospectus dated May 7, 2025.","length":206,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, May 15, 2026 /CNW/ - PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") reports its fiscal third quarter and fiscal 2026 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board as presented in the interim consolidated financial statements. References to "FY2025" mean the year ended June 30, 2025 and references to "FY2026" mean the year ended June 30, 2026.","length":594,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":62,"url":"https://media.zenfs.com/en/cnwgroup.com/c4eb335d3a6a18f2c16cc9c15088cbb5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.6LsmbeP0FzHfQ7ZQsulkg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOQ--/https://media.zenfs.com/en/cnwgroup.com/c4eb335d3a6a18f2c16cc9c15088cbb5","width":400,"height":62},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/iAMvVX5_jlJydh_hh1m8vw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTk5/https://media.zenfs.com/en/cnwgroup.com/c4eb335d3a6a18f2c16cc9c15088cbb5","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/2980809/PowerBank_Corporation_PowerBank_Announces_Third_Quarter_Results.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Fiscal Year-to-Date Financial Highlights (All amounts are for the nine-month period ended March 31, 2026)","length":105,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenues were $22.2 million compared to $23.9 million in the same period during FY2025.","length":87,"tagName"...