Charging Robotics Inc. reported its financial results for the third quarter of 2025, revealing a net income of $204,000 for the nine months ending September 30, 2025, compared to a net loss of $580,000 during the same period in 2024. The company’s total operating expenses increased to $1.038 million from $546,000 year-over-year, primarily driven by higher research and development costs, which rose to $267,000 from $226,000. The increase in expenses was offset by other income of $1.287 million, attributed to gains from the revaluation of investments, leading to a comprehensive income of $214,000 for the period.
In terms of significant changes, Charging Robotics experienced a substantial increase in its stockholders' equity, which rose to $6.026 million as of September 30, 2025, from a deficit of $613,000 at the end of 2024. This shift was largely due to the acquisition of Revoltz Ltd., which contributed $5.798 million in non-controlling interests and goodwill. The company also completed a private placement offering, generating $306,000 in proceeds, and issued additional shares as part of its financing strategy.
Operationally, the company reported an increase in its employee headcount, reflecting its growth strategy following the acquisition of Revoltz. The total number of shares outstanding increased to 11,246,252 from 9,564,351 at the end of 2024. The company’s engagement metrics showed a positive trend, with a growing customer base and increased product adoption rates, particularly in the wireless electric vehicle charging technology sector. The company’s market presence expanded as it transitioned its stock listing to the OTCID Basic Market, effective September 30, 2025.
The filing indicated that Charging Robotics anticipates continued operating losses in the near term, with an accumulated deficit of approximately $2.704 million as of September 30, 2025. Management plans to address this by seeking additional financing and leveraging its current financial resources. The company emphasized the uncertainty surrounding its future profitability and the need for external funding to support its operations and growth initiatives. The outlook remains cautious, with management acknowledging the challenges posed by market conditions and the competitive landscape in the electric vehicle charging sector.
About Charging Robotics Inc.
Charging Robotics develops wireless charging systems for electric vehicles, focusing on robotic parking solutions that enable automatic, cable-free EV charging in inaccessible or automated parking environments. Its core technology uses resonance induction coils for efficient power transfer, targeting the EV and automated parking markets. The company aims to provide scalable, innovative, and user-friendly wireless charging solutions, leveraging partnerships, intellectual property, and a focus on niche markets like accessible charging.
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