Evolution PowerX Reports Q3 Revenue Growth and Positive GAAP EPS
Evolution PowerX (E:CA) has reported its third-quarter financial results, posting a GAAP earnings per share of $0.01 on revenue of $10.29 million. This represents an 11.7% year-over-year increase in revenue and a significant improvement in gross margin, which rose to 41% ($4.19 million) compared to the prior-year period. On a nine-month basis ending September 30, 2026, the company demonstrated strong momentum with total revenue increasing 19% to $31.06 million and adjusted EBITDA rising 33% to $11.06 million. Net income for the period reached $2.94 million. Additionally, the company actively managed its capital through a share repurchase program, cancelling 1.45 million common shares at an average price of $1.30 per share.
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Topics: earnings report gross margin net income revenue growth share buyback