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Enwave Corp (TSE:ENW)
:ENW
Earnings Data
Report Date
Aug 22, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
>-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 22, 2025
|% Change Since: 28.12%
|Next Earnings Date:Aug 22, 2025
Earnings Call Sentiment|Positive
The earnings call revealed significant revenue growth, improved gross margins, and positive adjusted EBITDA, highlighting a successful quarter. However, the dependency on continuous machine sales and the absence of exclusivity royalties in Q2 are notable challenges.Company Guidance
During the Q2 2025 earnings call, EnWave Corporation reported significant financial metrics, highlighting a marked improvement compared to the previous year. Revenue for the quarter was $3.7 million, representing a substantial 456% increase from Q2 2024, driven by a large-scale machine sale and the commissioning of two small-scale machines. The company achieved a net income of $764,000, largely due to an employee retention tax credit, and reported an adjusted EBITDA of $112,000, a notable improvement from the previous year's loss. Gross margins were strong at 33%, and third-party royalties grew by 14% to $474,000, the highest for any quarter historically. EnWave's strategy focuses on selling and delivering at least four large-scale Radiant Energy Vacuum (REV) machines annually to break even, with each additional sale and increased royalties contributing to profitability. The company also reported a robust sales pipeline, with plans to meet its machine sales targets and expand its presence in international markets.Significant Revenue Growth
Revenues for Q2 were $3.7 million compared to $0.7 million in Q2 2024, an increase of $3 million or 456%.
Increased Gross Margin
Gross margin for Q2 2025 was 33% compared to negative 25% in the comparative period.
Growth in Third-Party Royalties
Third-party royalties grew to $474,000, up 14% from the prior quarter, marking the largest base royalties for any quarter historically.
Positive Adjusted EBITDA
Reported adjusted EBITDA of $112,000 for Q2 2025, compared to an adjusted EBITDA loss of $1.3 million for Q2 2024, an improvement of $1.4 million.
REV Machine Sales and Partnerships
Sold large scale REV machines to MicroDried and Procescir and signed various agreements including with Solve Solutions of Brazil and Bio Technique of the U.S.
Successful Tax Credit Receipt
Recognized an 836,000 USD tax refund for NutraDried during the quarter, contributing to net income of $764,000.
TSE:ENW Earnings History
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 |
|---|---|---|---|
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% |
Aug 23, 2024 | C$0.21 | C$0.21 | 0.00% |
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 Aug 22, 2025, TBA Not Confirmed.
What is Enwave Corp (TSE:ENW) earnings time?
Enwave Corp (TSE:ENW) earnings time is at Aug 22, 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