Business
Hydreight Technologies Announces Corporate Update Highlighting Q3 Momentum, VSDHOne Acceleration, and 2026 Outlook
VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (“Hydreight” or the “Company”) is pleased to provide a corporate update following its recently released Q3 financial results and investor webinar. On November 26, 2025, Hydreight reported its Q3 2025 financial and operational results in a release titled “Hydreight Reports 132% YoY Revenue Increase in Q3 2025 and Fourth Consecutive Quarter of Profitability, Highlighting Strong Multi-Vertical Performance.”Th
About this update from Victory Square Technologies Inc
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. (“Hydreight” or the “Company”) is pleased to provide a corporate update following its recently released Q3 financial results and investor webinar.","length":237,"tagName":"p"},{"type":"text","content":"On November 26, 2025, Hydreight reported its Q3 2025 financial and operational results in a release titled “Hydreight Reports 132% YoY Revenue Increase in Q3 2025 and Fourth Consecutive Quarter of Profitability, Highlighting Strong Multi-Vertical Performance.”This update expands on that disclosure by outlining key takeaways from the webinar and providing additional context around the Company’s multi-vertical growth and 2026 outlook.","length":437,"tagName":"p"},{"type":"text","content":"Shane Madden, CEO, shared:“We continue to focus on building Hydreight with a structured and deliberate approach. The recent results and platform activity reflect the infrastructure, partnerships, and operational foundation we have put in place over the past several years. Our intention with this update is to give shareholders additional context around items discussed on the Q3 earnings call and how they relate to the disclosures already in our public filings.”","length":465,"tagName":"p"},{"type":"text","content":"Q3 2025 Snapshot: Record Growth, Strong Margins, and Continued Profitability","length":76,"tagName":"p"},{"type":"text","content":"For the quarter ended September 30, 2025, Hydreight reported:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q3 GAAP revenue: $10.52 million, up 132% compared to Q3 2024","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":"Q3 topline revenue: $12.83 million, up 110% compared to Q3 2024","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Q3 gross margin: $2.33 million, up from $1.53 million in Q3 2024","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Q3 Adjusted EBITDA: $620K, reflecting continued operational improvement","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"Q3 GAAP net income: $362K, compared to a GAAP net loss of $90K in Q3 2024","length":73,"tagName":"p"}]},{"val":[{"type":"text","content":"First nine months topline revenue: $26.71 million, up 61% year-over-year","length":72,"tagName":"p"}]},{"val":[{"type":"text","con...