Enwave Corp (TSE:ENW) has released an update.
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EnWave Corp has shown a positive shift in its financial performance for the third quarter of 2024, with revenues climbing to $2,622, a modest increase from the previous year. The company’s strategic sales of high-margin machinery and enhanced royalty partnerships have led to a notable improvement in gross margin to 44% and an adjusted EBITDA turn from loss to profit.
For further insights into TSE:ENW stock, check out TipRanks’ Stock Analysis page.