Revenue growth remains highly unstable, evidenced by a 28.86% year-over-year contraction and an operating margin of -20.31% that reflects significant operational inefficiencies.
| Revenue | 39.1M | 41.53M | 58.38M | 18.4M | 18.39M | 7.35M |
| Revenue Growth % | 8.27% | -28.86% | 217.31% | 0.06% | 150.27% | - |
| Cost of Revenue | 27.18M | 32.52M | 46.7M | 13.86M | 13.9M | 4.83M |
| Gross Profit | 11.92M | 9.01M | 11.68M | 4.54M | 4.49M | 2.51M |
| Gross Margin % | 30.49% | 21.7% | 20.01% | 24.66% | 24.39% | 34.22% |
| Gross Profit Growth % | - | -22.82% | 157.4% | 1.16% | 78.39% | - |
| Operating Expenses | 24.56M | 17.45M | 12M | 7.21M | 7.06M | 2.57M |
| Other Operating Expenses | - | - | - | - | - | - |
| EBITDA | -8.19M | -4.18M | 92.35K | -2.63M | -2.52M | -48.87K |
| EBITDA Margin % | -20.94% | -10.06% | 0.16% | -14.28% | -13.73% | -0.67% |
| EBITDA Growth % | -61.45% | -4624.29% | 103.52% | -4.08% | -5064.12% | - |
| Depreciation & Amortization | 4.45M | 4.26M | 409.95K | 49.21K | 49.18K | 9.31K |
| D&A / Revenue % | 11.38% | 10.25% | 0.7% | 0.27% | 0.27% | 0.13% |
| Operating Income (EBIT) | -12.64M | -8.44M | -317.61K | -2.68M | -2.57M | -58.18K |
| Operating Margin % | -32.32% | -20.31% | -0.54% | -14.55% | -13.99% | -0.79% |
| Operating Income Growth % | - | -2556.11% | 88.13% | -4% | -4322.48% | - |
| Interest Expense | 3M | 2.4M | 284.78K | 0 | 150.91K | 0 |
| Interest Coverage | - | -3.56x | -1.22x | - | 21.15x | - |
| Interest / Revenue % | 7.67% | 5.77% | 0.49% | 0% | 0.82% | 0% |
| Non-Operating Income | -661.03K | -1000K | -313.38K | 1000K | 1000K | -49.8K |
| Pretax Income | -14.95M | -35.34M | -630.98K | 3.19M | 3.19M | -107.98K |
| Pretax Margin % | -38.24% | -85.08% | -1.08% | 17.36% | 17.36% | -1.47% |
| Income Tax | -4.98M | -4.22M | 2.95M | 951.17K | 950.6K | 49.09K |
| Effective Tax Rate % | 33.34% | 11.94% | -466.92% | 29.79% | 29.79% | -45.46% |
| Net Income | -9.95M | -31.04M | -3.47M | 2.24M | 2.24M | -132.03K |
| Net Margin % | -25.44% | -74.74% | -5.95% | 12.19% | 12.19% | -1.8% |
| Net Income Growth % | 76.52% | -793.56% | -254.94% | 0.06% | 1797.03% | - |
| EPS (Diluted) | -0.22 | -0.97 | -0.13 | 0.08 | 0.08 | -0.01 |
| EPS Growth % | 82.47% | -654.47% | -253.51% | 0% | - | - |
| EPS (Basic) | - | -0.97 | -0.13 | 0.08 | 0.08 | -0.01 |
| Diluted Shares Outstanding | 45.62M | 32.2M | 27.04M | 26.8M | 26.8M | 16M |
High exposure to project-based revenue volatility and regulatory interconnection bottlenecks in New York and Ontario.
As reported in recent financial statements, PowerBank Corporation experienced a significant 28.86% year-over-year revenue contraction, highlighting the inherent instability of a business model reliant on the timing of project-based milestones rather than the predictable, regulated rate base growth typical of traditional utility sector participants.
The revenue trajectory appears highly sensitive to the conversion of development pipeline projects into commercial operation, suggesting that the current top-line decline reflects a slowdown in project milestones. Investors should monitor whether this volatility is a temporary byproduct of the development cycle or a structural inability to maintain a consistent project pipeline in the New York and Ontario markets.
Based on the company's reported figures, the operating margin of -20.31% indicates that fixed corporate overhead and administrative expenses are currently outsized relative to the project pipeline's conversion rate, preventing the firm from achieving the economies of scale necessary to sustain its current infrastructure and operational footprint.
The thin gross margin of 21.7% suggests that variable EPC costs, such as solar modules and specialized labor, exert significant pressure on profitability. This cost structure appears to lack the regulatory pass-through mechanisms that typically insulate traditional utilities from inflationary pressures, leaving the company exposed to supply chain and labor cost volatility.
According to the latest quarterly data, the net margin of -74.74% suggests that reported earnings are heavily impacted by non-recurring items or potential impairments, which obscures the underlying regulated earnings power and complicates the assessment of the company's long-term financial viability as a renewable energy developer.
The lumpy nature of project sales and potential use of percentage-of-completion accounting may create false signals of growth that are not sustainable quarter-over-quarter. Analysts should exercise caution, as the current net loss may include one-time write-downs of stalled development projects that mask the true run-rate of the core business.
As indicated by the company's narrow geographic focus, the income statement fails to capture the latent interconnection risks in the New York market, where grid congestion could render a significant portion of the reported development pipeline worthless despite its current inclusion in project-based valuation metrics.
The market may be incorrectly valuing PowerBank as a stable utility, ignoring the reality that its revenue is derived from high-risk permitting and construction activities rather than recurring rate-regulated cash flows. This suggests that the quality of the project pipeline is likely more heterogeneous than headline megawatt figures imply, warranting further investigation into specific grid-access hurdles.
Quick answers to the most common questions about buying SUUN stock.
For fiscal year 2025, PowerBank Corporation (SUUN) reported total revenue of $41.5M. This represents a 465.3% increase compared to $7.3M in 2021.
PowerBank Corporation (SUUN) reported a net loss of $31.0M for the fiscal year ending 2025.
PowerBank Corporation (SUUN) reported an operating income of $-8.4M, resulting in an operating profit margin of -20.3%. This margin reflects the operational efficiency of the business before interest and taxes.
PowerBank Corporation (SUUN) generated $9.0M in gross profit for the year, representing a gross profit margin of 21.7%. This demonstrates the company's core pricing power and production efficiency.