Hypercharge Networks

HC.V

Auto - Parts · Consumer Cyclical

Price

C$0.10

+0.00 (+0.00%)

Market Cap

C$6.3M

Exchange

Toronto Stock Exchange Ventures

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Jul 25, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+399.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 14.2M (2021) → 70.7M (2025)

Hypercharge Networks Corp. is a Canadian company that builds and manages electric vehicle (EV) charging stations. It installs charging equipment at places like apartment buildings, workplaces, and parking lots, serving property owners and EV drivers across Canada and the United States. The company operates in the fast-growing EV charging infrastructure industry.

Hypercharge makes money by selling charging hardware and collecting fees from charging network services and software subscriptions. It is a small company, with a market cap under $100 million, and competes against much larger players like ChargePoint and Blink Charging. The company currently loses money on operations, which is common for early-stage infrastructure businesses, and its biggest challenge is scaling up fast enough to reach profitability before its cash runs out or competition intensifies. Growth depends heavily on how quickly EV adoption spreads and whether the company can win enough contracts to cover its costs.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+162.3% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+23.9% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$756,640/ year

↓ Declining (-13% vs prior year)

7.5% of revenue

1.9x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

16.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

$862,499 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Strong grower

Hypercharge Networks is growing revenue at 162% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

32.6%

Modest — 32.6% gross margin

Operating Margin

-19.9%

Losing money on operations — -19.9%

ROCE

-14.3%

Weak — -14.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+49.7%

Fast-growing sales (49.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-28.6%

Burning cash (-28.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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