- Adjusted EBITDA improved nearly 60% compared to Q2 of last year, showing operational leverage.
- Cash and cash equivalents improved to $7.2 million by end of July, up from Q2 end.
- GAAP cost of revenues decreased 15% quarter-over-quarter, reflecting improved cost control.
- GAAP revenue of $2.4 million in Q2 2025, a 294% increase from Q1 2025 driven by final deliveries of Energy Warehouses and Energy Centers.
- Net loss improved by 50% year-over-year, indicating progress toward profitability.
- Operating expenses fell 35% quarter-over-quarter due to cost reduction efforts and rightsizing.
- Secured up to $31 million in new capital, including a $25 million Standby Equity Purchase Agreement (SEPA).
Related items and other data are not available for this feed item.
Dafinchi