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Revolve Records 375% Increase in Recurring Revenue in Q2 FY2025
Strong quarter the result of increased energy generation and portfolio expansion VANCOUVER, ...
About this update from Revolve Renewable Power Corp
[{"type":"text","content":"Revolve Records 375% Increase in Recurring Revenue in Q2 FY2025Strong quarter the result of increased energy generation and portfolio expansion VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 27, 2025 / Revolve Renewable Power Corp. (TSXV:REVV)(OTCQB:REVVF) (\"Revolve\" or the \"Company\"), a North American owner, operator and developer of renewable energy projects, reported its financial results for the three and six months ended December 31, 2025 (\"Q2 FY2025\"). This earnings release should be read in conjunction with the Company's condensed interim consolidated financial statements and management's discussion and analysis, which are available on the Company's website at www.revolve-renewablepower.com and have been posted on SEDAR+ at www.sedarplus.ca.\"Revolve recorded another strong quarter with recurring revenue from operating assets increasing 375%,\" said CEO Myke Clark. \"In addition to that revenue growth, the Revolve team achieved several milestones on our utility scale portfolio while continuing to expand our distributed generation pipeline. In addition to our organic growth, Revolve continues to assess additional acquisition opportunities to accelerate our near-term recurring revenue stream even more aggressively. This focused strategy of combining near-term, cash flowing operating projects with longer-term, larger utility scale development provides investors with a diversified investment opportunity that is unique in the current market environment.\"Key financial highlights (all figures reported in USD):Total recurring revenue from operating assets of $621,927, an increase of 375% from recurring revenue of $130,882 in Q2, FY2024. For the six months ended December 31, 2024, total recurring revenue of $1,070,769, an increase of 345% from recurring revenue of $240,762 in the same period in Q2, FY2024.On a full year basis, recurring revenue from these operating assets is expected to range between $2,000,000 to $2,200,000. The Company expects to generate a gross profit margin between 70-80% on that recurring revenue.Energy Production of 4,441,039kWh from operating assets compared to 397,759 kWh in Q2, FY2024. The significant increase in recurring revenue is the result of an accelerated scaling of the Company's operational portfolio.Total revenue of $621,927, compared to total revenue of $130,882 in Q2, FY2024. ...