EGT.V - Eguana Technologies Inc.

TSXV - TSXV Delayed Price. Currency in CAD
0.0650
+0.0050 (+8.33%)
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.0600
Open0.0650
Bid0.0650 x 0
Ask0.0700 x 0
Day's Range0.0650 - 0.0650
52 Week Range0.0500 - 0.1900
Volume47,929
Avg. Volume196,770
Market Cap14.787M
Beta (5Y Monthly)1.54
PE Ratio (TTM)N/A
EPS (TTM)-0.0380
Earnings DateMar 01, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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    • GlobeNewswire

      Eguana Announces Closing of $5.0 Million Strategic Investment by ITOCHU Corporation

      CALGARY, Alberta, March 16, 2020 (GLOBE NEWSWIRE) -- Eguana Technologies Inc. ("Eguana" or the "Company") (EGT.V) (EGTYF) is pleased to announce the closing of the previously announced strategic investment by the Itochu Corporation ("Itochu") of $5 million in the form of unsecured convertible debentures (the "Debentures") of the Company on the terms detailed below. “We will also begin transitioning the battery supply chain over to Itochu which will further reduce up front working capital requirements and bring consistency to our battery module availability as we continue to ramp up operations and clear back logged orders in Hawaii, California, and South Australia.” As previously disclosed, the use of proceeds from the financing will be allocated to fund working capital and general corporate expenditures of the Company.

    • How Should Investors React To Eguana Technologies Inc.'s (CVE:EGT) CEO Pay?
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      How Should Investors React To Eguana Technologies Inc.'s (CVE:EGT) CEO Pay?

      In 2015 Justin Holland was appointed CEO of Eguana Technologies Inc. (CVE:EGT). This analysis aims first to contrast...

    • GlobeNewswire

      Eguana Announces 1st Quarter 2020 Financial Results and Provides Update

      Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) today announced results for its first fiscal quarter ended December 31, 2019. “With the contract manufacturing transition complete for Enduro production, including both Europe and Australia, we will focus on moving back to standard lead times and improving gross margins over the next two quarters.” Revenue included an engineering services contribution of $417,362 from the Itochu development contract.

    • GlobeNewswire

      Eguana Announces $5.0 Million Strategic Investment by ITOCHU Corporation

      Eguana Technologies Inc. ("Eguana" or the "Company") (EGT.V) (EGTYF) is pleased to announce a strategic investment by the Itochu Corporation ("Itochu") of $5 million in the form of unsecured convertible debentures (the "Debentures") of the Company on the terms detailed below. Itochu's investment is expected to expand on the Company's existing relationship with Itochu, which currently includes the integration of Moxia Energy Holding's AI software "Gridshare Client" with the Eguana Evolve platform to be exclusive to resale by Itochu, as previously discussed in the Company's press release dated January 20, 2020.

    • GlobeNewswire

      Eguana Announces Debt Settlement with Doughty Hanson

      Under the terms of the Agreement, dated February 25, 2020, the Company amended the interest payment schedule of the convertible debenture certificate dated August 8, 2019, held by DHCT, and agreed to settle C$60,000 of debt, pursuant to the terms of the convertible debenture certificate, through the issuance of common shares (“Common Shares”) at a deemed price of C$0.11 per share. “The sales teams have been very successful in building the largest order book in our history with growth in North America, Europe, and Australia,” commented Eguana CEO Justin Holland. This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued, nor the consideration provided therefore exceed 25% of the Company's market capitalization.

    • GlobeNewswire

      Eguana Announces Operational Update and 2019 Annual Results

      Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) today announced results for its fiscal year ended September 30, 2019. “The team has worked diligently to build the largest order book in company history while successfully implementing our outsourced, low cost manufacturing model, and coordinating predictable deliveries from our supply chain” stated Eguana Chief Executive Officer Justin Holland. Eguana’s operations team expedited the supply chain and by the end of the fiscal year reduced its lead times from 12 to approximately 6 weeks, positioning the Company to increase deliveries into a record and growing order book.

    • GlobeNewswire

      Eguana Enters into Development Contract for Residential Energy Storage Systems

      Eguana Technologies Inc. (EGT.V)(EGTYF) is pleased to announce that it has entered into a development contract with a leading renewable energy company, with significant investments throughout the energy storage supply chain, to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets. “The team is excited to integrate a leading energy storage software solution with our Evolve platform for major markets including the United States and Australia,” commented Justin Holland, CEO at Eguana Technologies. "We were awarded this development contract in recognition of the advanced control and integration capabilities that have been built into our energy storage platform," said Brent Harris, Founder and Executive VP at Eguana.

    • Before You Buy Eguana Technologies Inc. (CVE:EGT), Consider Its Volatility
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    • GlobeNewswire

      Eguana Enters Into Short Term Financing Agreements Securing Additional Working Capital

      Eguana Technologies Inc. (the "Company" or "Eguana") (EGT.V) (EGTYF), is pleased to announce that it has entered into two agreements to increase the Company’s short term working capital amid increasing demand ahead of final transition to contract manufacturing. First, the Company entered into an amendment dated December 31, 2019 to the loan agreement (and related loan documents) dated December 20, 2017 (the "WTI Loan") with an affiliate of Western Technology Investment (the "Lender") pursuant to which the Lender has agreed to accept reduced monthly payments comprised of interest only for four months commencing November 1, 2019 through February 1, 2020, subject to certain conditions being met to the Lender's satisfaction. In addition to the Loan Amendment, the Company closed a short-term bridge loan financing (the "Bridge Financing") in the principal amount of $280,000 with certain accredited investors, including the Company's Chief Executive Officer.

    • If You Had Bought Eguana Technologies (CVE:EGT) Stock Five Years Ago, You'd Be Sitting On A 77% Loss, Today
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      If You Had Bought Eguana Technologies (CVE:EGT) Stock Five Years Ago, You'd Be Sitting On A 77% Loss, Today

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    • GlobeNewswire

      Eguana Expands California Sales Coverage, Increases Dealer Partners

      Eguana Technologies (EGT.V) (EGTYF) is pleased to announce the expansion of its California sales team with the addition of Al Delacruz, who will join Jay Zarghami and Livio Filice in managing the Company’s dealer expansion on the west coast. The Company has confirmed 31 new dealer partners in California over the past 4 weeks and has announced a $1,000 rebate program for California homeowners in conjunction with distribution partner CED Greentech. Rebates will be applied to orders received between November 1st and December 31st, Eguana has confirmed new orders have been received from multiple California CED Greentech outlets in relation to the program.

    • GlobeNewswire

      Eguana Launches the Enduro in Australia

      Eguana Technologies (EGT.V) (EGTYF) is pleased to announce that the Enduro has passed all early testing and is expected to be fully certified for the Australian residential energy storage market in November. Eguana is launching the Enduro product in Australia based on demand for a lower price point product to complement the Evolve, under its own brand. The Enduro will qualify alongside the Evolve for the Simply Energy Simply Extra Virtual Power Plant (VPP) program, which offers consumers $5,100 over a period of two years, and the South Australian Government Home Battery Scheme, which provides consumers up to $600 per kWh in the form of a grant.

    • GlobeNewswire

      Eguana Receives $1.8M in New Orders, Hawaiian Market Continues to Accelerate

      Eguana Technologies (EGT.V) (EGTYF) is pleased to announce the receipt of  $1.8 million in new orders in addition to the $1.1 million announced in September as the Hawaiian market continues to grow. “We have our installation crews running at near maximum capacity right now and our installation planning dates have been extended into the February/March timeframe” commented Chris Debone, Hawaii Energy Connection Managing Partner. “We continue to see positive growth from the Hawaii market where HEC remains securely planted as a market leader and innovator” commented Eguana CEO Justin Holland.

    • GlobeNewswire

      Eguana Provides Update on Recent Shipments, Jabil Transition

      Eguana (EGT.V) (EGTYF) is pleased to provide an update on recent shipments and operational activities, confirming gross sales of approximately $1.8M from shipments in August and September, double the value of shipments made in the third fiscal quarter. The timing with which the Company recognizes product shipments as revenue depends on several factors including the fulfillment mode used, and the defined Incoterms (International Commercial Terms) for each customer.  Revenue from shipments not recognized in the fourth quarter will be recognized in the first fiscal quarter of 2020. “After completing financing activities at the end of the third quarter the Operations team expedited the supply chain through July and August to increase near term shipments.

    • GlobeNewswire

      Eguana provides detailed disclosure on 2018 Mercedes Benz Energy engagement and resulting contracts

      Eguana Technologies Inc. ("Eguana" or the "Company") (EGT.V) (EGTYF) announces that following the termination of its supply agreement (the “Supply Agreement”), dated January 25, 2018, with Mercedes Benz Energy GmbH (“MBE”), as previously announced on June 20, 2018, the Company proceeded to secure a master supply agreement with Hanwha Q Cells for Europe, a contract with the South Australian government for early entry into the South Australian Home Battery Scheme, and a distribution agreement with Australian based AC Solar Warehouse to support its entry into the Australian residential energy storage market.

    • GlobeNewswire

      Unitil Energy Pilots Virtual Power Plant in Massachusetts with ReVision Energy and Eguana Technologies

      Eguana Technologies (EGT.V) (EGTYF) and ReVision Energy are pleased to announce that they have successfully launched a small fleet of distributed residential energy storage systems to form an aggregated virtual power plant under a Unitil pilot project. Behind, or in front of the meter, Eguana's flexible fleet and local control algorithms permit the system to be operated either by the utility, or transferred to the homeowner, where the preferred operating mode can then revert to a solar self-consumption system with or without a time-of-use tariff structure. “We are pleased that our technology platform has been selected by ReVision Energy, who is one of the most important names in the Northeast solar market, as it continues to illustrate our reach into the American solar market,” said Livio Filice, Director of Sales at Eguana Technologies, “There are various emerging Demand Response programs being shaped in New England which will benefit the uptake rate of residential energy storage systems in the near future.

    • GlobeNewswire

      Ag Solar Solutions and Eguana Technologies Bring Solar + Storage to the American Agricultural Industry

      Eguana Technologies (EGT.V) (EGTYF) and Ag Solar Solutions (www.agsolarsolutions.com), a subsidiary of Coastal Solar (www.CoastalSolar.com), have formed a partnership to bring Intelligent Home and Business Energy Storage Systems to Farms across the USA. The agricultural industry across America is looking for financeable, cost-saving technologies to assist farmers who are often buried in high utility bills. This is a result of high usage for lighting, ventilation, heating, cooling and feed lines, and is especially highlighted in the Poultry Farmer market where Coastal Solar has established themselves as the leading solar power provider.

    • GlobeNewswire

      Eguana Updates Hawaii Shipments, Receives $1.1 Million in New Orders

      Eguana Technologies (EGT.V) (EGTYF) is pleased to announce the receipt of an additional $1.1 million in new orders from long standing partner Hawaii Energy Connection (HEC). “Each of our residential solar installs now come with an Eguana battery, our companies have worked together for a number of years perfecting the integration with our EGear controller, and we believe we have the most reliable and capable product on the market,” said Chris Debone, Managing Director of HEC.

    • Eguana Completes Global Master Supply Agreement with Jabil to Manufacture Energy Storage Systems
      CNW Group

      Eguana Completes Global Master Supply Agreement with Jabil to Manufacture Energy Storage Systems

      "Given the success the company has had building out our distribution and dealer network we needed a manufacturing partner with the ability to produce around the world, with an engineering and design core competency, and a global supply chain and logistics network," commented Justin Holland , Eguana CEO. "Jabil is actively participating in transformative emerging markets for energy storage and distributed power. Eguana has also confirmed it has secured working capital support from Export Development Canada (EDC).

    • GlobeNewswire

      Eguana Announces Fiscal 3rd Quarter 2019 Financial Results and Provides Update

      CALGARY, Alberta, Aug. 29, 2019 -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) today announced results for its third fiscal quarter ended.

    • Eguana Announces Closing of $1.215 Million Second Tranche Private Placement
      CNW Group

      Eguana Announces Closing of $1.215 Million Second Tranche Private Placement

      CALGARY , Aug. 8, 2019 /CNW/ - Eguana Technologies Inc. ("Eguana" or the "Company") (EGT.V) (EGTYF) is pleased to announce that it has closed its previously announced upsized private placement offering ( June 21, 2019 ) on a non-brokered basis by issuing 1,215 unsecured convertible debenture units of the Company (each, a "CD Unit" and collectively, the "CD Units") at a price of $1,000 per CD Unit for gross proceeds of $1.215 Million (the "Offering"). Eguana closed the first tranche of its private placement on June 21, 2019 by issuing 3,012 CD Units for gross proceeds of $3.012 Million . In total, Eguana issued 4,227 CD Units for gross proceeds of $4.227 Million .

    • CNW Group

      Eguana Announces $3 Million First Tranche Closing of Oversubscribed Private Placement

      CALGARY , June 21, 2019 /CNW/ - Eguana Technologies Inc. ("Eguana" or the "Company") (EGT.V) (EGTYF) is pleased to announce that it has closed the first tranche of its previously announced private placement offering (the "Offering") led by Bayfront Capital Partners Ltd. ("Bayfront" or the "Lead Agent") and including Mackie Research Capital Corporation (together with Bayfront, the "Agents"), pursuant to which the Company issued 3,012 unsecured convertible debentures (each, a "Debenture" and collectively, the "Debentures") of Eguana at a price of $1,000 per Debenture and 10,039,988 warrants of the Company (each, a "Warrant") for aggregate gross proceeds of $3.012 Million . The net proceeds of the Offering will be used for general working capital and corporate expenditures of the Company.

    • GlobeNewswire

      Eguana Confirms Initial Volume Shipment to Hanwha Q CELLS

      CALGARY, Alberta, June 03, 2019 -- Eguana Technologies (TSX.V: EGT) (OTCQB: EGTYF) is pleased to report first volume shipments have left the factory enroute to Hanwha Q CELLS.

    • GlobeNewswire

      Eguana Announces Fiscal 2nd Quarter 2019 Financial Results and Provides Update

      CALGARY, Alberta, May 30, 2019 -- Eguana Technologies Inc. ("Eguana" or the "Company") (TSX-V: EGT, OTCQB: EGTYF) today announced results for its first fiscal quarter ended.

    • GlobeNewswire

      Sharpe Energy Rating Systems Partners with Eguana to Deliver the Evolve into the Simply Energy Virtual Power Plant

      Eguana Technologies (EGT.V) (EGTYF) is pleased to introduce Sharpe Energy Rating Systems (ERS) as its newest partner delivering the Eguana Evolve energy storage system to support Simply Energy’s Simply Extra Virtual Power Plant (VPP) in South Australia. “We have a long history at Energy Rating Systems installing solar and storage systems and have worked with all the major brands over the past few years,” said David Sharpe, Owner of Sharpe ERS.  “The Eguana Evolve is the smartest storage product on the market, making it a perfect fit for the VPPs being deployed here in South Australia.