Top Page
Enwave Corp
(ENW)
Enwave Corp (ENW) vs. S&P 500 (SPY)
Enwave Corp Business Overview & Revenue Model
Enwave Corp Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 8.18M | 11.36M | 23.70M | 26.48M | 32.88M | Gross Profit |
| 2.66M | 4.24M | 6.29M | 7.17M | 8.77M | EBIT |
| 0.00 | -1.47M | -7.06M | -3.48M | -5.20M | EBITDA |
| -1.05M | -334.00K | -1.43M | -2.32M | -5.20M | Net Income Common Stockholders |
| -2.40M | -6.51M | -6.93M | -4.13M | -4.44M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.76M | 4.17M | 6.20M | 11.79M | 14.71M | Total Assets |
| 13.15M | 16.03M | 25.85M | 30.64M | 40.66M | Total Debt |
| 1.57M | 1.38M | 2.43M | 1.78M | 2.31M | Net Debt |
| -3.19M | -2.79M | -3.77M | -10.01M | -12.40M | Total Liabilities |
| 3.73M | 4.47M | 8.22M | 7.65M | 12.31M | Stockholders Equity |
| 9.42M | 11.56M | 17.63M | 22.99M | 28.35M |
| Cash Flow | Free Cash Flow | |||
| 1.17M | -2.56M | -4.96M | -24.00K | -4.94M | Operating Cash Flow |
| 1.39M | -2.51M | -2.26M | 2.04M | -4.13M | Investing Cash Flow |
| -116.00K | 1.36M | -2.52M | -1.82M | -491.00K | Financing Cash Flow |
| -692.00K | -900.00K | -939.00K | -2.93M | 678.00K |
Enwave Corp Technical Analysis
Enwave Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $8.46B | 11.05 | 5.34% | 4.35% | 3.09% | -12.05% | |
57 Neutral | C$34.99M | ― | -22.54% | ― | -17.72% | 64.42% | |
42 Neutral | C$80.27M | ― | -5701.32% | ― | 26.79% | 76.97% | |
40 Underperform | C$76.06M | ― | 2492.91% | ― | 258.52% | -4.87% | |
38 Underperform | C$16.95M | ― | -246.93% | ― | 43.11% | -15.45% |
Enwave Corp Earnings Call Summary
Enwave Corp Corporate Events
EnWave Corporation has received a second progress payment from Procescir S.A. de C.V. for a 120kW Radiant Energy Vacuum machine, which will be used for commercial production of fruit and vegetable products in Mexico. This development includes a two-year toll drying agreement with a leading American healthy snack company, which is expected to significantly enhance EnWave’s royalty portfolio. The company is also preparing to build an additional large-scale REV™ machine to meet future demand, indicating strong growth prospects and reinforcing its position in the drying technology market.
Spark’s Take on TSE:ENW Stock
According to Spark, TipRanks’ AI Analyst, TSE:ENW is a Neutral.
Enwave Corp’s overall stock score reflects significant financial performance challenges, with declining revenue and profitability overshadowing its strong cash position. Technical analysis suggests some stabilization, while strategic corporate events and new partnerships provide growth potential. However, the unattractive valuation due to a negative P/E ratio and absence of dividends remains a concern. The company’s efforts to improve operational efficiency and expand its market presence offer a cautiously optimistic outlook.
To see Spark’s full report on TSE:ENW stock, click here.
EnWave Corporation has signed an Equipment Purchase Agreement and License Amendment with MicroDried®, a leading U.S.-based producer of premium fruit and vegetable ingredients. The agreement involves the acquisition of a 60kW Radiant Energy Vacuum machine to enhance MicroDried’s production capacity, with an option for an additional machine. The amendment grants MicroDried exclusive rights to use EnWave’s technology for apple ingredient production in specific U.S. states, strengthening its position in the fruit processing industry. This move is expected to support MicroDried’s growth and meet increasing demand for its clean-label ingredients.
Spark’s Take on TSE:ENW Stock
According to Spark, TipRanks’ AI Analyst, TSE:ENW is a Neutral.
Enwave Corp faces significant financial performance challenges with declining revenue and profitability. However, recent partnerships and licensing agreements offer potential growth opportunities, while technical indicators suggest stabilization. The valuation remains unattractive due to the negative P/E ratio, but the overall outlook is cautiously optimistic due to strategic corporate initiatives.
To see Spark’s full report on TSE:ENW stock, click here.
EnWave Corporation has entered into a master service agreement with BioTechnique LLC, a pharmaceutical contract manufacturing service provider, to evaluate EnWave’s Radiant Energy Vacuum (REV™) technology as a potential alternative to lyophilization in the biopharmaceutical industry. The collaboration will involve testing liquid products using EnWave’s pilot-scale REV™ machinery, and if successful, BioTechnique may acquire the technology for its own use, potentially enhancing EnWave’s market presence in the pharmaceutical sector.
EnWave Corporation has signed a new royalty-bearing commercial license with Hokkai Yamato Foods Japan, a prominent processed food manufacturer. This agreement allows Hokkai Yamato to use EnWave’s patented REV™ technology for product development and commercial production in Japan. The partnership is expected to enhance Hokkai Yamato’s product offerings and market reach, while EnWave continues to expand its presence in the Japanese market.
EnWave Corporation reported its first quarter financial results for 2025, highlighting a mixed performance. The company saw a 14% increase in royalty revenues, driven by more royalty partners and product sales, but overall revenue decreased by 7% due to fewer machine sales. Despite this, the gross margin improved significantly to 29% from 18% in the previous year, attributed to higher royalties and tolling fees. The company also reported a reduced adjusted EBITDA loss, indicating an improvement in operational efficiency. The financial results reflect EnWave’s strategic focus on enhancing its royalty and tolling revenue streams, despite challenges in machine sales.
EnWave Corporation has entered an Equipment Purchase Agreement and License Amendment with Sprouted Proteins SAC in Peru, enhancing their collaboration. The amendment allows Sprouted Proteins exclusive rights to produce starch-based snacks and instant soups in Peru, with royalty payments to EnWave. Sprouted Proteins has also acquired REV™ machines to boost production, with plans to purchase a larger machine to maintain exclusive rights, strengthening EnWave’s market position.
EnWave Corporation has amended its royalty-bearing license agreement with Patatas Fritas Torres S.L. of Spain, allowing the latter to expand its product portfolio. By utilizing the existing distribution network, PFT aims to broaden its offerings in the nutritious, shelf-stable snack market, committing to pay additional annual royalties to EnWave. This expansion is expected to increase manufacturing utilization and could lead to further purchases of EnWave’s REV™ machinery, potentially boosting EnWave’s market position and stakeholder value.
EnWave Corporation will release its first-quarter financial results for the period ending December 31, 2024, on February 24, 2025. The company will host a conference call to discuss these results and its business outlook, led by CEO Brent Charleton and CFO Dylan Murray. This announcement is part of EnWave’s strategy to expand its market reach and reinforce its position in the dehydration technology sector, potentially benefiting its stakeholders by highlighting financial performance and future plans.
EnWave Corporation has amended its licensing agreement with BranchOut Foods Inc., granting exclusive rights to produce dried blueberry products using its REV™ technology in Peru, with an annual royalty requirement. This strategic move enhances EnWave’s market presence in Peru and strengthens BranchOut’s product portfolio, potentially increasing profitability and market competitiveness for both companies.