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Enwave Corp (TSE:ENW)
:ENW
Canadian Market

Enwave Corp (ENW) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 24, 2025
TBA Not Confirmed
Period Ending
2025 (Q1)
Consensus EPS Forecast
Last Year’s EPS
-0.01
Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Dec 13, 2024
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% Change Since: 50.00%
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Next Earnings Date:Feb 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance in Q4 2024, with significant revenue growth, increased royalties, and improved gross margin. There were strategic achievements such as successful legal settlements and expansion of partnerships, although there were challenges in meeting REV machine sales targets and increased SG&A expenses.
Company Guidance
During EnWave Corporation's Q4 2024 earnings call, CEO Brent Charleton and CFO Dylan Murray highlighted the company's strong performance, reporting quarterly revenue of $3.6 million, an increase of 149% compared to Q4 2023. The company also noted a gross margin improvement to 40% from 29% the previous year. Royalties for the quarter reached $642,000, while for the fiscal year, they totaled $2 million, representing a 34% year-over-year increase. EnWave's adjusted EBITDA was $450,000, significantly up from a loss of $324,000 in Q4 2023. The company ended the quarter with $4.8 million in cash and cash equivalents and a net working capital surplus of $7.2 million. Looking ahead to fiscal 2025, EnWave anticipates continued growth driven by a robust pipeline of commercial opportunities and recently developed patentable innovations, alongside efforts to expand their opportunity pipeline through increased sales and marketing activities.
Strong Revenue Growth
Q4 2024 revenues were $3.6 million, a 149% increase from $1.5 million in Q4 2023.
Increased Royalties
Royalties for Q4 2024 were $642,000 compared to $381,000 in Q4 2023, a 69% increase. Annual royalties reached $2 million, up 34% from 2023.
Improved Gross Margin
Gross margin improved to 40% in Q4 2024 from 29% in Q4 2023.
Positive Adjusted EBITDA
Adjusted EBITDA for Q4 2024 was $450,000, compared to a loss of $324,000 in Q4 2023.
Patent and Legal Success
Successful settlement of civil claim against former employees, and transfer of patents to EnWave.
Strategic Partnerships and Market Expansion
Commissioning of three large-scale REV machines at BranchOut Food's facility and expansion in partnerships with companies like Bounty Fresh, Dole, and Calbee.
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Enwave Corp (TSE:ENW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:ENW Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 24, 20252025 (Q1)
- / -
-0.01
Dec 13, 20242024 (Q4)
- / <0.01
-0.01150.00% (+0.01)
Aug 23, 20242024 (Q3)
- / >-0.01
-0.0180.00% (<+0.01)
May 24, 20242024 (Q2)
- / -0.01
0.01-200.00% (-0.02)
Feb 23, 20242024 (Q1)
- / -0.01
-0.0250.00% (+0.01)
Dec 14, 20232023 (Q4)
- / -0.01
-0.0250.00% (+0.01)
Aug 25, 20232023 (Q3)
- / -0.01
-0.0250.00% (+0.01)
May 26, 20232023 (Q2)
- / 0.01
-0.02150.00% (+0.03)
Feb 23, 20232023 (Q1)
-0.01 / -0.02
0
Dec 15, 20222022 (Q4)
-0.01 / -0.02
-0.01-100.00% (-0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ENW Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 13, 2024C$0.20C$0.19-5.00%
Aug 23, 2024C$0.21C$0.210.00%
May 24, 2024C$0.26C$0.25-3.85%
Feb 23, 2024C$0.26C$0.28+7.69%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Enwave Corp (TSE:ENW) report earnings?
Enwave Corp (TSE:ENW) is schdueled to report earning on Feb 24, 2025, TBA Not Confirmed.
    What is Enwave Corp (TSE:ENW) earnings time?
    Enwave Corp (TSE:ENW) earnings time is at Feb 24, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:ENW EPS forecast?
          Currently, no data Available
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