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Hypercharge Networks

HC.V
21
Auto - Parts · Consumer Cyclical
Exchange
Toronto Stock Exchange Ventures
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Good
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Winston Score History

The full picture

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.

Growth Profile

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

Revenue Growth

-54.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+41.3% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

16.5%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 years

C$3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

C$3M cash & investments at current burn rate

Revenue declining

Hypercharge Networks's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

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Quality

Profit per sale
Gross Margin
37.5%
Modest — 37.5% gross margin
Profit after running costs
Operating Margin
-127.6%
Losing money on operations — -127.6%
Return on the money invested
ROCE
-127.3%
Weak — -127.3% return on capital

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

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Growth

Sales growth
Sales YoY
+8.7%
Steady sales growth (+8.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
8/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-20.7%
Burning cash (-20.7%)

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

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
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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