The earnings call reflected a cautiously optimistic outlook with notable achievements such as increased revenue, successful capital raising, and expansion with existing partners. However, challenges like decreased gross margins and an adjusted EBITDA loss highlight areas needing attention.

Company Guidance

During the Q3 fiscal 2025 earnings call for EnWave Corporation, CEO Brent Charleton provided guidance indicating a solid performance in Q3 with revenues of $2.75 million, a 5% increase year-over-year. The company is optimistic about further improvements in Q4, driven by potential transactions on large-scale REV machine opportunities, including the fabrication of a 100-kilowatt nutraREV machine and a refurbished 120-kilowatt quantaREV unit. EnWave anticipates completing the commissioning of up to five 10-kilowatt machines before September 30 for their partner, MicroDried. Despite a slight decrease in gross margin due to bulk discounts, future quarters are expected to see margin recovery. The company reported a slight increase in third-party royalty revenue to $431,000, with a continued growth trajectory anticipated through fiscal year 2026. EnWave is actively negotiating with four counterparties for potential large-scale REV machine sales, while also focusing on expanding sales in market verticals such as fruit and vegetables, dairy, and pet food. The recent successful private placement of $3 million will support the manufacture of additional large-scale REV machines, enhancing the company's ability to deploy machinery and accelerate growth.

Increase in Revenue

Revenues for Q3 were $2.75 million, up 5% year-over-year, with consistent revenue quarter-to-quarter.

Successful Capital Raise

The company successfully closed a fully subscribed $3 million LIFE Offering, enabling the manufacture of two large-scale REV Machines for their inventory.

Positive Sales Pipeline

The company is negotiating with four counterparties for potential near-term large-scale REV Machine purchases and anticipates superior machine sale performance in fiscal year 2026.

Expansion with Existing Partners

MicroDried and Procescir expanded their production capacity, with MicroDried purchasing two 60-kilowatt machines and Procescir delivering a 120-kilowatt machine for immediate production.

Growth in Royalty Revenue

Third-party royalty revenue increased by 1% in Q3 2025 compared to the previous year, and by 11% for the nine months ended June 30.

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

Daily Earnings Calendar >

TSE:ENW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 11, 2025	2025 (Q4)	- / -	0.005	―	―	―
Aug 22, 2025	2025 (Q3)	- / -0.01	-0.002	-400.00% (>-0.01)	―	―
May 22, 2025	2025 (Q2)	- / <0.01	-0.01	170.00% (+0.02)	―	―
Feb 24, 2025	2025 (Q1)	- / >-0.01	-0.01	20.00% (<+0.01)	―	―
Dec 13, 2024	2024 (Q4)	- / <0.01	-0.01	150.00% (+0.01)	―	―
Aug 23, 2024	2024 (Q3)	- / >-0.01	-0.01	80.00% (<+0.01)	―	―
May 24, 2024	2024 (Q2)	- / -0.01	0.01	-200.00% (-0.02)	―	―
Feb 23, 2024	2024 (Q1)	- / -0.01	-0.02	50.00% (+0.01)	―	―
Dec 14, 2023	2023 (Q4)	- / -0.01	-0.02	50.00% (+0.01)	―	―
Aug 25, 2023	2023 (Q3)	- / -0.01	-0.02	50.00% (+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

TSE:ENW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 22, 2025	C$0.42	C$0.40	-4.76%
May 22, 2025	C$0.32	C$0.33	+3.13%
Feb 24, 2025	C$0.30	C$0.24	-20.00%
Dec 13, 2024	C$0.20	C$0.19	-5.00%

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.

FAQ

When does Enwave Corp (TSE:ENW) report earnings?

Enwave Corp (TSE:ENW) is schdueled to report earning on Dec 11, 2025, Before Open (Confirmed).

What is Enwave Corp (TSE:ENW) earnings time?

Enwave Corp (TSE:ENW) earnings time is at Dec 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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What is TSE:ENW EPS forecast?

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