PTOS
P2 Solar, Inc0.0133
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.71MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-K
FY2025 results
P2 Solar's FY2025 revenue plunged 84% to $26,382 from $166,288 in FY2024, with sales from rooftop solar installations via subsidiary Futricity slowing sharply after a strong prior year debut post-acquisition. Gross profit fell 67% to $22,003 while operating expenses dropped 31% to $125,329, narrowing operating loss 10% to $(103,326); a $147,232 gain on loan settlement flipped net loss to $(34,492) from $(148,426). Debt burden eased as promissory notes settled via 20M shares issued. Cash drained to zero. Auditors flag going concern doubts. British Columbia concentration risks quarterly momentum.
10-Q
Q3 FY2025 results
P2 Solar's Q3 FY2025 revenue fell 83% y/y to $3,697 while gross profit swung to $3,697 from a $1,435 loss, yet operating expenses dropped 48% to $23,452, narrowing operating loss to $19,755. Net loss widened to $78,448 on a $50K foreign exchange swing, dwarfing the operating gap due to FX volatility. Cash drained to zero amid $61K operating outflow, offset by related-party advances; debt lingers at $549K promissory/convertible notes (demand, 5%) plus $776K related-party dues. BCSC fully revoked the 2015 cease trade order Jan 22, 2025. No free cash flow disclosed. Shares steady at 68M. Competition shadows solar installs.
10-Q
Q2 FY2025 results
P2 Solar's Q2 revenue plunged 92% y/y to $7,353 while gross margins held firm, but operating expenses fell 36% y/y to $38K, narrowing net loss 23% y/y to $32K despite interest costs. Six-month revenue dropped 83% y/y to $23K with $54K operating loss, steady versus prior year; EPS aligns at $(0.00) across 68M shares. Cash ticked to $235, propped by related-party advances amid $472K promissory notes and $81K convertibles, all due on demand. Futricity acquisition added $90K goodwill, contingent liability at $81K. British Columbia cease trade lingers.
10-Q
Q1 FY2025 results
P2 Solar's revenue fell 61% y/y to $15,609 for Q1 FY2025 ended June 30, 2024, yet gross profit held at $15,317 on near-zero costs while operating expenses dropped 35% to $34,867, narrowing operating loss to $19,550 (39% better y/y). Net loss widened to $35,592 from $25,766, driven by $16,043 other expenses including interest and FX losses versus prior gains. Cash climbed to $3,714 amid $8,743 operating burn, propped by related-party advances against $552,658 demand notes and $757K related-party dues. Futricity acquisition added $90M goodwill; BCSC partial revocation enables $110K raise. Disclosure controls falter without segregation.
10-K
FY2024 results
P2 Solar posted FY2024 revenue of $166,288 from solar installations post-Futricity acquisition, up from zero, with gross profit at $66,975 but operating loss widened to $114,942 as expenses doubled to $181,917 on business ramp-up; net loss narrowed 16% to $148,426. Sales kicked off in Q1 FY2024, building momentum through 112 kW installed across eight systems in British Columbia. Cash drained to $213 amid $1.86M liabilities; related-party funding persists. Auditors flag going concern doubts. British Columbia concentration threatens regional disruptions.
FSLR
First Solar, Inc.
258.51+2.62
FTCI
FTC Solar, Inc.
9.57+0.30
GSLR
GEOSOLAR TECHNOLOGIES, INC.
0.01+0.00
RUN
Sunrun Inc.
17.54+0.19
SMXT
Solarmax Technology Inc.
0.83-0.05
SNPW
Sun Pacific Holding Corp.
0.55+0.00
SPWR
SunPower Inc.
1.68+0.06
SUNE
SUNation Energy, Inc.
1.14-0.06
TOYO
TOYO Co., Ltd
6.04-0.04
ZEO
Zeo Energy Corporation
1.07+0.06