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Sabio Reports Strong 43% YoY Revenue Growth in Q1 2025

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11 months ago

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Revenue increased to US$9.1 million from US$6.4 million in Q1 2024, marking the fourth consecutive quarter of double-digit growth and consistent with a 39% CAGR since 2020Ad-supported streaming revenue2 (Sabio’s dominant business) increased 40% to $6.8 million, compared to $4.9 million in Q1 2024 – significantly outpacing the 13% forecasted growth rate in the US$26.6 billion US Connected TV market at-large for 20251Reflecting recent Sales Force expansion and one-time IT investments, Adjusted EBITDA2 loss was US$1.6 million (18% of sales) vs. a US$1.3 million loss (20% of sales) in Q1 2024Repeat customers represented 91% of Q1 2025 revenue with the most diversified vertical and geographic revenue mix in Sabio’s history Continued strengthening of balance sheet with cash increasing to US$3.8 million from US$3.3 million in Q4 2024 and Sabio’s debt balance also trending lowerConference call to be hosted on Wednesday, May 28, 2025 at 10:00 a.m. ET

TORONTO, May 27, 2025 /CNW/ — Sabio Holdings Inc. (TSXV: SBIO) (OTCQB: SABOF) (the “Company” or “Sabio”), a Los Angeles-based ad-tech company specializing in helping top global brands reach, engage, and validate (R.E.V.) streaming TV audiences, announced its unaudited financial results for the fiscal first quarter ended March 31, 2025. Unless otherwise indicated, all amounts are expressed in U.S. dollars.

“Our team delivered a strong start to 2025, demonstrating ongoing momentum in our business with a 43% increase in year-over-year revenue and increased predictability in our sales model, with 91% of revenues coming from repeat customers,” commented Aziz Rahimtoola, Sabio’s CEO. “Notably, this performance was achieved across multiple verticals and geographies, including our rapidly growing international business – reflecting our ability to grow much faster than the forecasted growth of the US Connected TV market at-large. Moreover, while strengthening our balance sheet with cash generated from operations, we made sizable growth-driving investments. These included strategic Sales Force hiring and the migration of legacy systems to our scalable AWS platform, the latter enabling us to further benefit from AI-driven efficiencies. As these investments begin to deliver returns, we’re currently on track to continue our double-digit growth into the second quarter and deliver another record fiscal year.”

Business Outlook

In the first quarter, Sabio achieved 43% YoY revenue growth. This success was driven by strong advertiser demand, broader client adoption in key verticals, and expansion into new geographies in combination with product offerings introduced in 2024 and previous investments made. The Company’s ad-supported streaming business surged 40% during the quarter, highlighting Sabio’s ability to capture market share -significantly outpacing the 13% growth rate in the US Connected TV market at-large. Management believes that, with brands and marketers increasingly moving away from linear TV and traditional marketing, ad-supported streaming is becoming more central to their advertising strategies.

As the Company enhances its operating infrastructure, management believes its sales trajectory is becoming increasingly predictable, helping mitigate risks in Sabio’s revenue model, as illustrated by:

A robust 39% compound annual growth rate (CAGR) since 2020;Remarkable rates of reoccurring revenue – 91% of Q1 2025 consolidated revenues (excluding political and advocacy ad sales) 1 came from repeat customers, up from 85% in Q1 2024 and 79% in Q1 2023, reflecting the unique capabilities of the App Science™ platform and its increasingly rich data set;Increased sales pipeline visibility – securing approximately $15 million in upfront media commitments for 2025 (vs. $12 million in 2024);The ongoing addition of top-tier clients – 25% of brands spending in Q1 2025 were new to Sabio; andThe most diversified vertical and geographic revenue mix in Sabio’s history, with no vertical2 representing more than 19% of sales.

The Company has begun applying its sales model to geographies outside the U.S., including the United Kingdom, whose revenues continues to compound at triple-digit growth, while expanding its global product offerings. Sabio plans to continually assess new product channels and verticals, as well as other potential opportunities that will add value or complement its market position and product mix within the ad-supported streaming space.

Looking ahead, Sabio is currently on track to surpass its record-setting 2024 sales performance. Due to the seasonal nature of the Company’s business, revenue generation in the first half of the fiscal year is expected to be lower than in the second half (in 2024, consolidated revenues for the third and fourth quarters were 125% higher than those of the first and second quarters). Similar to the strong 2024 reported financial results, Management anticipates that the investments made to support year-over-year growth may marginally offset incremental revenues in the first half of the year, with a turn to Adjusted EBITDA2 profitability in the latter half.  In spite of this cost cyclicality, Sabio’s double-digit growth in Q1 2025 indicates strong momentum as it moves toward the second half of the fiscal year. With an expanded Sales Force and improved IT infrastructure in place, Sabio expects double-digit consolidated revenue gains to continue into Q2 2025.

Business Highlights

On January 30, 2025, the Company launched Creator TV, its owned-and-operated Free Ad-Supported Television (FAST) channel that targets the valuable Gen Z and millennial audiences. Creator TV spotlights multi-talented, diverse creators, bridging the gap between social media storytelling and today’s streaming TV content. As part of this launch, global streaming media company, Plex, will distribute Creator TV internationally. Creator TV is pivotal to the Company’s strategy to expand into large international markets such as India.On February 11, 2025, the Company announced that its App Science platform’s household graph (a specialized database) now comprises 80 million households, representing 70% of all U.S. streaming households. This milestone highlights the platform’s ability to track and analyze streaming TV audiences through a vast dataset that includes mobile devices, connected TVs, and other streaming platforms. The household graph is a privacy-compliant, continuously updated database that captures rich consumer behavior while adhering to evolving regulatory standards, enabling advertisers to precisely target audience segments.On February 20, 2025, the Company announced a partnership with Sling TV, a leading streaming service and subsidiary of EchoStar Corporation, for distribution of its Creator Television (Creator TV) Free Ad-Supported Television (FAST) channel on its platform, Sling Freestream. This partnership marks a significant step in the expansion of Creator TV’s reach, ensuring that the diverse and authentic voices it showcases can connect with the broad U.S.-based audiences on Sling Freestream. Combined with Plex’s international audience, Creator TV’s potential reach is now available to over 20 million U.S. and international viewers.The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) provided an employee retention tax credit (“ERTC”) which was a refundable tax credit against certain employment taxes. The Consolidated Appropriations Act extended and expanded the availability of the ERTC through December 31, 2021. Subsequent to the end of the quarter, the Company received payments from the U.S. Internal Revenue Service aggregating to $583,069 from ERTC claims covering the first and second quarters of 2021, inclusive of accrued interest. As this payment was received subsequent to Q1 2025, it is not included in the reported cash balance.On May 16, 2025, the TSX Venture Exchange accepted a notice filed by the Company to implement a Normal Course Issuer Bid, whereupon the Company may, during the 12-month period commencing May 24, 2025 and ending May 23, 2026, purchase up to 883,550 shares in total, being 5% of the total number of 17,671,006 shares outstanding as at April 30.

Financial Highlights

Consolidated revenues increased 43% to $9.1 million for the three months ended March 31, 2025, compared to $6.4 million in Q1 2024. Growth was driven by performance across multiple verticals and geographies, including telecom, quick-service restaurants, travel & tourism, automotive, technology, and finance.Ad-supported streaming revenue2 increased 40% to $6.8 million, compared to $4.9 million in Q1 2024. This represents 75% of the Company’s Q1 2025 sales mix, compared to 77% in Q1 2024.Mobile display ad revenue2 increased 58% to $2.0 million, compared to $1.3 million in Q1 2024. This performance benefited from cross-selling the Company’s ad-supported streaming offerings.Adjusted EBITDA2 showed a loss of $1.6 million in Q1 2025, compared to a loss of $1.3 million in Q1 2024. The increased loss was primarily driven by an approximate $0.8 million increase in cloud computing costs, which included one-time investments that will enhance the Company’s data security, capture AI-driven efficiencies, and facilitate a robust data platform for continued growth. Going forward, Management expects its cloud costs to normalize. First quarter OPEX also included investments made in the Company’s Sales Force and new product offerings since Q1 2024. Sabio’s Sales Force grew nearly 50% in the twelve months ending March 31, 2025, with most hires made in Q4 2024 and Q1 2025.Gross profit margin increased to 61% in Q1 2025, compared to 59% in Q1 2024, as Sabio continued to leverage its end-to-end technology stack, including the App Science platform’s audience segments and analytics, and Sabio SSP ad slots.Driven by cash generated from operations, Sabio ended Q1 2025 with a cash balance of $3.8 million, compared to $3.3 million as of December 31, 2024, and $2.3 million as of December 31, 2023.Total debt load was decreased by approximately $0.2 million compared to December 31, 2024, reflecting a reduction in the balance of the Company’s credit facility with SLR Digital Finance. The facility enables the Company to borrow against eligible accounts receivable before they are collected from Sabio’s customer base, largely composed of the most significant U.S. brands and advertising agencies. When accounts receivables are collected on, the amounts received are first directly paid towards the outstanding loan balance, which the Company can then use for working capital purposes through subsequent withdrawals, subject to availability under the facility. As a result, the facility is continuously being repaid as accounts receivables on sales are collected on.

______________________
1 Sabio revenue growth in Q1 2025 was triple the growth rate for the ad-supported streaming TV industry as a whole, as described in Interactive Advertising Bureau (IAB), “US CTV advertising forecast to grow 13% to $26.6B in 2025″, https://www.streamtvinsider.com/advertising/us-ctv-advertising-forecast-grow-13-266b-2025. 
2 See “Use of Non-IFRS Measures” below.

Selected Financials 

The tables below set out selected financial information relating to Sabio and should be read in conjunction with Sabio’s unaudited consolidated financial statements, including the notes thereto, and MD&A for the three ended March 31, 2025, and March 31, 2024, copies of which can be found under Sabio’s profile on SEDAR+ at sedarplus.ca.

For the three months ended

 March 31, 2025

March 31, 2024

$

$

Revenue

9,087,266

6,351,533

Gross profit

5,556,419

3,762,004

Gross margin

61 %

59 %

Adjusted EBITDA(2)

(1,601,577)

(1,308,784)

Net increase in cash and cash
equivalents during the period

520,053

(292,116)

Cash and cash equivalents – end
of the period

3,820,492

2,319,996

 

For the three months ended

March 31, 2025

March 31, 2024

$

$

Income (Loss) for the period

(2,293,202)

(2,012,107)

Finance Costs

295,561

314,346

Interest earned

(9,899)

(8,092)

Amortization of intangible Assets

44,860

51,147

Stock-based compensation

54,685

46,177

Loss on lease termination

20,275

–

Gain on lease modification

(7,317)

–

Amortization of lease

141,449

179,552

Income taxes

12,765

11,949

Foreign exchange differences

2,881

2,043

State and local taxes

29,105

19,868

Severance expenses

107,260

86,333

Adjusted EBITDA

(1,601,577)

(1,308,784)

2 See “Use of Non-IFRS Measures” below.

The financial disclosures in this news release are subject to a number of cautionary statements, assumptions, contingencies and risks as set forth in this news release. The foregoing outlook and expectations constitute forward-looking statements and financial outlook and are qualified in their entirety by the “Forward-Looking Statements” cautionary statement below. Readers are cautioned that this release if for information purposes only and may not be appropriate for other purposes.

Notice of Conference Call

Sabio will hold a conference call on Wednesday, May 28, 2025 at 10:00 a.m. (ET) to discuss its financial results and other corporate developments.

To access the live webinar, please register here register here (us02web.zoom.us/webinar/register/WN_UJX9mI1ySk69Czh3mKo9ZQ).An archived replay of the webcast will be available on the Financial Information section of Sabio’s corporate website (sabioholding.com/investors/financial-information).

Use of Non-IFRS Measures
This press release makes reference to certain non-IFRS (International Financial Reporting Standards) measures including, but not limited to, Adjusted EBITDA and consolidated revenues (excluding political and advocacy ad sales) 1. These measures do not have a standardized meaning prescribed by IFRS and therefore they may not be comparable to similarly titled measures presented by other companies and should not be considered in isolation nor as a substitute for analysis of financial information reported under IFRS. Rather, these non-IFRS measures are provided as additional information to complement IFRS measures by providing a further understanding of operations from management’s perspective.  

Management uses adjusted earnings before interest, income taxes, depreciation, and amortization (“Adjusted EBITDA”) as a key financial metric to evaluate Sabio’s operating performance as a complement to results provided in accordance with IFRS. The term “Adjusted EBITDA”, as defined by management, refers to net income (loss) before adjusting earnings for finance costs, income taxes, stock-based compensation, amortization, non-recurring items, and severance costs. Refer to reconciliation to Adjusted EBITDA under the “Selected Financials” section of this release and in the Company’s MD&A for the three months ended March 31, 2025 and March 31, 2024, copies of which can be found under Sabio Holdings Inc.’s profile on SEDAR Plus at sedarplus.ca.

Management believes that the items excluded from Adjusted EBITDA are not connected to and do not represent the operating performance of Sabio. Management believes that Adjusted EBITDA is useful supplemental information as it provides an indication of the results generated by Sabio’s main business activities prior to taking into consideration how those activities are financed and taxed as well as expenses related to stock-based compensation, depreciation, amortization, restructuring costs, other expense (income), and foreign exchange (gain) loss. Accordingly, management believes that this measure may also be useful to investors in enhancing their understanding of Sabio’s operating performance. It is a key measure used by Sabio’s management and board of directors to understand and evaluate Sabio’s operating performance, to prepare annual budgets, and to help develop operating plans.

Revenues excluding political and advocacy ad sales is a supplementary financial measure that represents the Company’s total consolidated revenue as reported in its financial statements, excluding revenues derived from political and advocacy advertising campaigns.  Revenues by vertical is a supplementary financial measure that represents the proportion of the Company’s total consolidated revenue as reported in its financial statements contributed through brands operating within a referenced industry vertical.

Ad-supported streaming sales and mobile display sales are supplementary financial measures that represent the proportion of the Company’s consolidated revenue as reported in its financial statements contributed by the Company’s ad-supported and mobile display product offerings, as is also presented in the Company’s MD&A for the three ended March 31, 2025, and March 31, 2024, copies of which can be found under Sabio’s profile on SEDAR+ at sedarplus.ca.

About Sabio
‍Sabio Holdings (TSXV: SBIO, OTCQB: SABOF) is a technology and services leader in the fast-growing ad-supported streaming space. Its cloud-based, end-to-end technology stack works with top blue-chip, global brands and the agencies that represent them to reach, engage, and validate (R.E.V.) streaming audiences.

Sabio consists of a proprietary ad-serving technology platform that partners with the top ad-supported streaming platforms and apps in the world, App Science™, a non-cookie-based software as a service (SAAS) analytics and insights platform with AI natural language capabilities, and Creator Television®(Creator TV), the first creator-led streaming network and content studio dedicated to bringing the authenticity and energy of social media storytelling to TV.

For more information, visit: sabio.inc

Forward-Looking Statements 
This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, which is often, but not always, identified by the use of words such as “believes,” “anticipates,” “plans,” “intends,” “will,” “should,” “expects,” “continue,” “estimate,” “forecasts,” or the negative thereof and other similar expressions. All statements herein other than statements of historical fact constitute forward-looking information,including but not limited to statements in respect of: the success of new product offerings; results, including sales, expenses, and customer retention, of the ad-supported streaming sales; the Company’s outlook for 2025, including expected revenue gains; expected double-digit growth in Q2 2025 and expansion into international markets; the anticipated normalization of cloud computing costs; the expected return to profitability in the latter half of 2025; the impact of recent investments (including Sales Force expansion and IT infrastructure migration) on future performance; and sales trajectory becoming increasingly predictable. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analyses, expectations, or statements made by third parties in respect of the Company, its securities, or financial or operating results (as applicable). Material assumptions used to develop the forward-looking information in this press release include, but are not limited to: continued customer demand in core markets, successful execution of new product rollouts, stabilization of input costs including cloud infrastructure, retention of key personnel, no material changes in applicable regulatory frameworks, and general economic conditions remaining consistent with management expectations. Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors, and assumptions concerning future events that may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including the other risk factors disclosed in the Company’s annual information form and management’s discussion and analysis (MD&A), which are  publicly available on SEDAR Plus at www.sedarplus.ca. The Company has assumed that the material factors referred to herein will not cause such forward-looking statements and information to differ materially from actual results or events. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release is expressly qualified by this cautionary statement and is made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information: Sajid Premji, Chief Financial Officer, investor@sabio.inc, Phone: 1.844.974.2662; Sam Wang, Investor Relations, investor@sabio.inc

View original content:https://www.prnewswire.com/news-releases/sabio-reports-strong-43-yoy-revenue-growth-in-q1-2025-302466420.html

SOURCE Sabio Inc.

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Technology

Link Infinite: Hollyland Pyro Ultra Simplifies Multi-User Monitoring with 4K60 Wireless

Published

44 minutes ago

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April 18, 2026

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SHENZHEN, China, April 18, 2026 /PRNewswire/ — Hollyland, a global provider of professional wireless audio and video solutions, today announced the launch of Pyro Ultra, the new flagship in its Pyro series, featuring next-gen wireless video transmission technology that enables streamlined setup and uncompromised real-time performance. Engineered for professional creators and high-end production environments, Pyro Ultra balances high-performance transmission with practical on-set usability.

Building on Hollyland’s self-developed TWiFi technology, Pyro Ultra delivers one-to-many transmission, native 4K60 support, and a dedicated ultra-low-latency mode for focus pulling. Fully integrated into the Pyro ecosystem and equipped with DFS-ready operation, it is built to meet the demands of modern digital cinema workflows.

The New Standard for One-to-Many On-Set Transmission

In today’s production landscape, the video village is no longer confined to a single monitor. Directors, assistants, clients, and multiple departments require simultaneous, high-fidelity access to the live image across different positions on set.

While existing systems often force a choice between costly, over-engineered solutions and entry-level gear that struggles in demanding environments, Pyro Ultra offers a third approach. As one-to-many transmission becomes increasingly common across productions, it can introduce practical limits on device count and system stability in larger setups. Pyro Ultra’s Broadcast Mode addresses the issue by enabling a single transmitter to connect with an unlimited number of receivers, creating a fluid workflow. Every department, from lighting to hair and makeup, can monitor independently, which helps eliminate bottlenecks and accelerate decision-making.

Cinematic 4K60 Clarity Without Compromise

Image integrity is central to Pyro Ultra. With support for 4K60 transmission, the system delivers the detail and color accuracy required for high-end videography work. It also supports fractional frame rates, including 23.98 and 59.94 fps, commonly used in broadcast and professional pipelines. Its native compatibility enables direct connection to switchers and monitors without external converters, simplifying the signal path and reducing potential points of failure.

20ms Latency for Precise Focus Pulling

For first assistant camera operators and focus pullers, every millisecond counts. Pyro Ultra’s dedicated Focus Mode cuts latency to just 20ms, ensuring the real-time responsiveness needed for razor-sharp adjustments at any distance. The technical edge provides the freedom to navigate tight spaces or complex choreography with absolute confidence.

Powered by TWiFi Technology

At the core of Pyro Ultra is Hollyland’s TWiFi (dual-band wireless) technology. It leverages intelligent frequency management across the 2.4 GHz and 5 GHz bands to enable automatic hopping, ensuring a stable, high-bitrate connection even in congested RF environments. Pyro Ultra’s robust link supports a 1.5 km (4,900 ft) range and is fully DFS-ready, providing professional crews with reliable, globally compliant operation

Engineered for Modern Workflows & Seamless Integration

Pyro Ultra is built for today’s hybrid production workflows. With UVC (USB Video Class) support, it can connect directly to a computer for instant webcam functionality, removing the need for a capture card. Its RTMP support enables direct streaming to web platforms, simplifying remote collaboration. As part of the Pyro ecosystem, Ultra integrates seamlessly with existing Pyro devices. The modular design allows production teams to scale their setups based on project requirements, ensuring consistent performance across different production scenarios.

Pricing and Availability

Launched on April 18, 2026, Hollyland’s Pyro Ultra is now available through local distributors, the official Hollyland online store, and the Hollyland Amazon store.

The 1TX/1RX kit is priced at $1,199, and the 1TX/2RX kit at $1,699. Individual units can also be purchased separately, with transmitters starting at $699 and receivers at $579.

For more information, visit https://www.hollyland.com/product/pyro-ultra

About Hollyland

Hollyland is a leading provider of wireless products, specializing in wireless intercom systems, video transmission systems, monitors, wireless microphones, and live streaming cameras. Since 2013, Hollyland has been serving millions of users around the world in various sectors, including filmmaking, telecasting, video production, live events, exhibitions, theaters, houses of worship, and individual content creators. It has built a sales network covering approximately 150 countries and regions with support from dozens of localized operation offices worldwide. For more information, please visit https://www.hollyland.com/, Hollyland Facebook, and Hollyland Instagram.

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Three Papers Published Consecutively in Nature Energy: JinkoSolar’s Breakthroughs in TOPCon/Perovskite Tandem Technology Receive Authoritative Recognition

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2 hours ago

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April 18, 2026

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SHANGHAI, April 18, 2026 /PRNewswire/ — JinkoSolar, the global leading PV and ESS supplier, recently published three research papers in succession within a single month in Nature Energy, one of the premier journals in the field of energy research. This series of papers showcases JinkoSolar’s multiple major breakthroughs in TOPCon and perovskite tandem cell technologies.

26.66%! Setting a New Record for Industrial-Scale TOPCon Cell Conversion Efficiency

JinkoSolar, in collaboration with the research team from the Ningbo Institute of Materials Technology and Engineering of the Chinese Academy of Sciences, successfully developed a dual-sided electrical synergy optimization strategy. This approach achieved a certified efficiency of up to 26.66% on M10-sized silicon wafers, setting a new efficiency record for industrial-scale TOPCon cells and significantly narrowing the gap between industrial-scale TOPCon cells and the theoretical efficiency of 29.4%.

Additionally, the research reduced carrier transport losses through a high-resistance boron emitter on the front side and an optimized fine-line grid design, while the back side employs an innovative double-layer tunneling silicon oxide/polysilicon structure on the rear side to effectively suppress performance degradation caused by silver paste puncture. Furthermore, by utilizing localized polysilicon thinning technology, the research achieved outstanding performance metrics, including an open-circuit voltage of 744.6 mV, a fill factor of 85.57%, and a bifaciality of 88.3%. This achievement provides a feasible and comprehensive solution for narrowing the efficiency gap between TOPCon cells and the theoretical limit, significantly enhancing the core competitiveness of TOPCon technology in the future photovoltaic market.

Reference link: Dual-side electrical refinement enables efficient industrial tunnel oxide passivating contact silicon solar cells:
https://www.nature.com/articles/s41560-026-01982-2

Certified Efficiency of 32.73%! Paving the Way for Scalable Compatibility of Perovskite/TOPCon Tandem Cells

JinkoSolar, in collaboration with the research team from Soochow University, has successfully developed a full-size bifacial TOPCon crystalline silicon solar cell with a certified photoconversion efficiency of 26.34%. This research abandons the traditional TOPCon cell design featuring a boron-diffused emitter on the front surface. Instead, it innovatively introduces patterned n-type TOPCon finger contacts on the front surface while retaining the full-area p-type TOPCon contact on the back. By localizing the polycrystalline silicon contact area, this structure significantly reduces parasitic absorption and recombination losses on the front surface, achieving a certified efficiency of 26.34% and significantly improving the open-circuit voltage.

Furthermore, to address the issues of poor contact performance and susceptibility to metal paste corrosion in P-type TOPCon, a “polysilicon/silicon dioxide/polysilicon” double-layer composite structure was designed. Combined with optimized rear-side polishing and a specially formulated silver paste, this structure not only achieves extremely low contact resistance and recombination current but, more importantly, the ultra-thin oxide layer in the middle effectively prevents silver crystal spikes from penetrating the silicon substrate, significantly enhancing the device’s reliability and high-temperature resistance. In the future, by improving the precision of laser patterning to further narrow the finger width and introducing localized contacts on the back side to reduce the polycrystalline silicon layer thickness, parasitic absorption can be reduced, and mass production efficiency is expected to approach 27%.

Using a high-efficiency bifacial TOPCon cell with a textured front surface as the bottom cell, the research team fabricated a monolithic perovskite/TOPCon tandem cell, achieving a certified efficiency of 32.73% and a high open-circuit voltage of 1.961 V. These results not only set a new performance record for this class of tandem cells but also demonstrated excellent long-term operational stability (maintaining 80% of the initial efficiency after 2,000 hours), proving the immense potential of this TOPCon technology route in tandem applications. They also provide a scalable and industrially compatible technical pathway for the development of higher-efficiency TOPCon and perovskite/TOPCon tandem photovoltaic modules.

Reference link: Bifacial tunnel oxide passivating contacts for silicon and perovskitesilicon tandem solar cells with improved efficiency: 
https://www.nature.com/articles/s41560-026-02007-8

32.76%! Breaking Through the Efficiency Barrier for Industrial TOPCon Silicon-Based Perovskite Tandem Cells

To address the critical challenge of rapid perovskite crystallization and film quality degradation caused by the high thermal conductivity of industrial thin silicon substrates, JinkoSolar, in collaboration with the National University of Singapore and other research institutions, innovatively proposed a strategy to regulate the major organic cation (FA⁺) using a dual-mode-coupled ligand (MBT), successfully achieving effective control over crystallization kinetics. A perovskite/TOPCon tandem solar cell fabricated using this strategy was certified by the National Photovoltaic Industry Metrology and Testing Center (NPVM) with a conversion efficiency of 32.76%, approaching the current efficiency record for tandem photovoltaic cells. Additionally, the cell maintained 91% of its initial efficiency after 1,700 hours of continuous operation, demonstrating excellent long-term operational reliability.

This research is of significant importance as it achieves high efficiency (certified at 32.76%) in TOPCon silicon-back-contact cells, which hold the greatest potential for market dominance. Not only does it elevate the efficiency of perovskite/TOPCon tandem cells to new heights, but more importantly, it provides critical scientific insights and a practical pathway for integrating high-performance perovskite materials from the laboratory with market-dominant TOPCon silicon technology, marking a solid step toward the mainstream industrialization of perovskite/ crystalline silicon tandem technology toward mainstream industrialization. In the future, this strategy is expected to be combined with solution-based production processes — which offer the potential for large-scale fabrication and low costs — to drive the industrial application of these research findings.

Reference link: Additive-assisted perovskite crystallization on industrial TOPCon silicon for tandem solar cells with improved efficiency: 
https://www.nature.com/articles/s41560-026-02010-z

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SOURCE JinkoSolar

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JinkoSolar Officially Launches “Light Diamond” Lightweight, High-Strength Module

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2 hours ago

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April 18, 2026

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SHANGHAI, April 18, 2026 /PRNewswire/ — JinkoSolar, the global leading PV and ESS supplier, has officially launched a lightweight module solution specifically designed for low-load-bearing roofs—the Jinko “Light Diamond” lightweight, high-strength module, based on its Tiger Neo 3.0 technology platform.

Module weight: 16.2 kg
Module dimensions: 1980 × 1134 × 30 mm
Weight density: 7 kg/m²— 40% weight reduction compared with conventional double-glass modules (12.2 kg/m²);
Maximum power: 560 W;
Maximum module efficiency: 24.94%
Applications: Suitable for older factory buildings, temporary structures, light-gauge steel roofs, power plant coal sheds, and buildings with load restrictions.

Five Key Advantages:

Advantage 1: Ultra-Lightweight with Guaranteed Strength

JinkoSolar’s “Light Diamond” lightweight, high-strength modules weigh only 7 kg per square meter, representing a weight reduction of over 40% compared to conventional double-glass modules. The total module weight for a 1 MW project is only 28.6 tons, a reduction of approximately 20 tons compared to BC double-glass modules. This means that a large number of roofs that previously required reinforcement or were unsuitable for installation can now be directly fitted with solar panels without any structural modifications.

Advantage 2: 24.94% High Efficiency—Lightweight and High-Performance

A common flaw among most lightweight modules on the market is that they prioritize weight reduction at the expense of power generation efficiency. JinkoSolar’s “Light Diamond” lightweight, high-strength modules break this trade-off.

JinkoSolar’s “Light Diamond” lightweight, high-strength modules deliver a maximum power output of 560 watts and an ultra-high efficiency of 24.94%, whereas flexible modules or BC composite modules only reach 450 to 460 watts—a single-module power increase of over 100 watts. This means a higher-capacity solar power plant can be installed on the same roof area. More importantly, the higher power output directly leads to optimized system costs: fewer modules are required, reducing Balance of System (BOS) costs for mounting structures, cables, combiner boxes, and other components; installation time is shortened, lowering labor costs; and overall BOS costs are further reduced by 3% to 5% compared to conventional lightweight solutions.

This is not a lightweight module born of compromise, but a high-efficiency module that takes performance to the next level.

 Advantage 3: Reduced Weight Without Compromising Quality—Backed by a 30-Year Power Warranty

The key concern with lightweight modules is whether their reduced weight compromises reliability. JinkoSolar’s “Light Diamond” lightweight, high-strength modules address this concern with technology and data.

In terms of structural reinforcement, the modules utilize 1.6mm lightweight glass to reduce weight while maintaining light transmittance; the frame features reinforced channel design with increased thickness, enhancing overall mechanical strength; and the encapsulation process uses reinforced adhesive film, significantly improving sealing performance, resistance to humidity and heat, and resistance to micro-cracks.

In terms of load certification, the maximum front-side load capacity is 3,600 Pa—equivalent to withstanding 3.6 meters of snow accumulation—and the module can withstand impacts from 25mm hailstones without damage. The maximum back-side load capacity is 2,400 Pa, equivalent to withstanding Category 12 winds. In the face of extreme weather, it provides a robust safety barrier.

In terms of long-term reliability metrics, the temperature coefficient is -0.26%/°C, resulting in lower power generation losses at high temperatures; the power output warranty spans 30 years, which is 12–15 years longer than that of flexible or composite modules; first-year degradation does not exceed 1%, with annual degradation of 0.35%, both of which outperform industry averages.

Advantage 4: Save Money, Time, and Effort

The lightweight design of JinkoSolar’s “Light Diamond” lightweight, high-strength modules not only reduces physical weight but also systematically optimizes total lifecycle costs.

Compared to conventional module reinforcement solutions, JinkoSolar’s “Light Diamond” lightweight, high-strength modules save approximately 0.5 yuan per watt in reinforcement costs, equivalent to a savings of about 500,000 yuan per MW. The construction period is reduced from over 40 days to 8–10 days—a 75% reduction. There is no need to halt production, thereby avoiding operational losses, and the approval process is simplified, eliminating the need for structural modification approvals.

Taking a 1 MW project as an example, the savings on reinforcement costs amount to approximately 500,000 yuan, the construction period is shortened by more than 30 days, and the avoided production downtime losses—which can reach hundreds of thousands of yuan depending on the company’s scale—significantly boost the project’s internal rate of return (IRR) and markedly shorten the payback period. For retrofit projects involving older factory buildings, the greatest advantage of Jinko’s “Light Diamond” lightweight, high-strength modules is that installation can proceed without halting production; companies can maintain normal operations while the solar power plant is installed on the roof simultaneously, ensuring both objectives are met.

Advantage 5: Strong Demand, a Blue Ocean Market

According to industry statistics, China has over 6 billion square meters of existing commercial and industrial rooftop space, with load-restricted roofs accounting for more than 30% of this total—representing a potential market of nearly 2 billion square meters. Based on an installation density of 100 watts per square meter and a system cost of 1.5 yuan per watt, the theoretical installation capacity exceeds 200 GW, with a market size surpassing 300 billion yuan.

The renovation of old factory buildings, the upgrading of cultural and creative parks, and distributed solar systems on light-gauge steel roofs—these scenarios that were previously unsuitable for installation are now becoming a new blue ocean for PV growth. Whoever can be the first to deliver truly reliable products will be able to capture this market.

Application Scenarios

1) Renovation of Old Industrial Buildings: This is the primary application scenario. Industrial buildings constructed in the last century, as well as power plant coal sheds, carports, and simple rural supermarkets, often have limited roof load-bearing capacity and structurally deteriorated roofs that cannot safely support additional weight. Jinko’s “Light Diamond” lightweight, high-strength modules can be installed without structural reinforcement and do not disrupt production during renovation, making them the preferred solution for the green retrofitting of old industrial buildings.

2) Cultural and Creative Parks and Commercial Complexes: With insufficient roof load-bearing capacity, the need to maintain operations, and aesthetic requirements, Jinko’s “Light Diamond” lightweight, high-strength modules—which are lightweight, efficient, and reliable—are a perfect fit for these scenarios.

3) Light-Gauge Steel Roofs and Color-Coated Steel Sheet Roofs: Light-gauge steel roofs, commonly used in modern industrial facilities, inherently lack sufficient load-bearing capacity. Jinko’s “Light Diamond” lightweight, high-strength modules, weighing just 7 kg per square meter, enable the installation of solar panels on these roofs.

4) Special buildings with load restrictions: Such as space frame structures, arched roofs, and agricultural greenhouses, Jinko’s “Light Diamond” lightweight, high-strength modules can easily adapt to these structures.

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SOURCE JinkoSolar

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