Enwave Corp (ENW) AI Stock Analysis

• Market Cap: C$45.62M
• Dividend Yield: N/A
• Average Volume (3M): 53.43K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: 69.04%
• EPS Growth: 80.18%
• Country: CA
• Employees: 25
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 0.01
• Shares Outstanding: 118,494,225
• 10 Day Avg. Volume: 60,620
• 30 Day Avg. Volume: 53,427
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.80
• Price Target Upside: 110.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: C$0.38 ▼(-0.53% Downside)

Enwave Corp's overall stock score is primarily influenced by its financial performance challenges, including profitability and cash flow issues. While the earnings call provided some optimism with revenue growth and capital raising, the negative P/E ratio and lack of dividend yield weigh heavily on the valuation. Technical indicators suggest a neutral short-term trend.

Positive Factors

Revenue Growth

The significant increase in Q4 revenue indicates strong market demand for Enwave's products, suggesting effective sales strategies and potential for sustained growth.

Innovative Technology

Enwave's proprietary REV technology offers a competitive advantage in food preservation, enhancing product quality and expanding its market reach.

Strategic Partnerships

Strategic partnerships and expansions with industry players bolster Enwave's market presence and drive collaborative growth opportunities.

Negative Factors

Profitability Challenges

Ongoing profitability issues, as indicated by negative margins, highlight the need for cost management and efficiency improvements to ensure long-term viability.

Cash Flow Issues

Persistent cash flow challenges may hinder Enwave's ability to fund operations and growth initiatives, necessitating improved cash generation strategies.

Decreased Gross Margin

A significant drop in gross margin suggests pricing pressures or cost inefficiencies, which could impact profitability if not addressed.

Enwave Corp Business Overview & Revenue Model

Company Description

Enwave Corp (ENW) is a technology company specializing in the development and commercialization of its proprietary Radiant Energy Vacuum (REV) dehydration technology. This innovative technology is primarily applied in the food and agricultural sectors, enabling the efficient preservation of fruits, vegetables, and other food products while maintaining their nutritional quality and flavor. Enwave's core products include equipment and processing systems that utilize REV technology, catering to a diverse range of clients including food manufacturers and processors in various industries.

How the Company Makes Money

Enwave generates revenue through multiple key streams, primarily by selling its REV dehydration equipment and processing systems to food and agricultural companies. The company also earns income through licensing agreements, wherein it provides access to its patented technology to partners who then implement it in their operations. Additionally, Enwave has established significant partnerships with various industry players, allowing it to expand its market reach and enhance its product offerings. These collaborations often lead to joint ventures or co-development projects that can further contribute to its earnings. The company also benefits from ongoing sales of consumable products processed using its technology, creating a recurring revenue model.

Enwave Corp Financial Statement Overview

Summary

Enwave Corp is experiencing revenue growth but faces significant challenges in profitability and cash flow management. The balance sheet shows a stable capital structure with low leverage, but the negative return on equity and cash flow issues highlight areas that need improvement.

Income Statement

Enwave Corp has shown a significant revenue growth rate of 22.99% in the latest year, indicating a positive trajectory. However, the company is struggling with profitability, as evidenced by negative EBIT and net income margins. The gross profit margin has improved over the years, but the consistent negative net profit margin highlights ongoing challenges in achieving profitability.

Balance Sheet

The company's debt-to-equity ratio remains relatively low, suggesting a conservative leverage position. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholders' equity. The equity ratio is stable, reflecting a solid capital structure, but the negative ROE is a concern for investors.

Cash Flow

Enwave Corp's cash flow situation is challenging, with negative operating and free cash flows. The free cash flow growth rate is significantly negative, and the operating cash flow to net income ratio is unfavorable, indicating cash flow issues. The company needs to improve its cash generation to support operations and growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.83M	13.83M	8.18M	11.36M	23.70M	26.48M
Gross Profit	4.64M	4.64M	2.66M	4.24M	6.29M	7.17M
EBITDA	28.00K	28.00K	-1.05M	-336.00K	-1.43M	-2.32M
Net Income	-418.00K	-418.00K	-2.40M	-6.51M	-6.93M	-4.13M
Balance Sheet
Total Assets	18.55M	18.55M	13.15M	16.03M	25.85M	30.64M
Cash, Cash Equivalents and Short-Term Investments	6.40M	6.40M	4.76M	4.17M	6.20M	11.79M
Total Debt	3.10M	3.10M	1.57M	1.38M	2.43M	1.78M
Total Liabilities	6.55M	6.55M	3.73M	4.47M	8.22M	7.65M
Stockholders Equity	11.99M	11.99M	9.42M	11.56M	17.63M	22.99M
Cash Flow
Free Cash Flow	-653.00K	-657.00K	1.17M	-2.56M	-4.96M	-24.00K
Operating Cash Flow	-546.00K	-546.00K	1.39M	-2.51M	-2.26M	2.04M
Investing Cash Flow	-60.00K	-111.00K	-116.00K	1.36M	-2.52M	-1.82M
Financing Cash Flow	2.22M	2.22M	-692.00K	-900.00K	-939.00K	-2.93M

Enwave Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.38
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ENW, the sentiment is Positive. The current price of 0.38 is above the 20-day moving average (MA) of 0.37, above the 50-day MA of 0.37, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.12 is Neutral, neither overbought nor oversold. The STOCH value of 37.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ENW.

Enwave Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TLA	65 Neutral	C$15.59M	-36.13	-2.57%	―	-1.50%	-180.73%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
REKO	52 Neutral	C$20.08M	15.01	3.19%	―	0.38%	―
ENW	49 Neutral	C$45.62M	-89.53	-14.33%	―	69.04%	80.18%
PYR	46 Neutral	C$66.70M	-6.73	―	―	-6.83%	46.97%
DYA	40 Underperform	C$43.20M	-3.90	-2067.79%	―	-48.39%	9.17%
NXH	40 Underperform	C$12.84M	-1.72	―	―	46.49%	42.37%

Enwave Corp Corporate Events

EnWave to Announce Q3 2025 Financial Results and Host Investor Call

EnWave Corporation announced it will release its third-quarter financial results for 2025 on August 21, followed by an investor conference call on August 22. The company’s leadership will discuss the financial outcomes and business outlook, which could impact its operational strategy and market positioning. This announcement is significant for stakeholders as it provides insights into EnWave’s performance and future prospects.

EnWave Corp Announces $3 Million Private Placement to Boost Production Capacity

EnWave Corporation has announced a private placement offering of up to $3 million, led by Clarus Securities Inc., to fund the construction of two large-scale Radiant Energy Vacuum dehydration machines. This strategic investment aims to enhance EnWave’s production capabilities and meet growing demand, positioning the company to fulfill future orders more efficiently. The offering is expected to close by August 21, 2025, subject to necessary approvals, and highlights EnWave’s commitment to expanding its market presence and operational capacity.

EnWave Expands Partnership with Dairy Concepts Irl for Enhanced Dairy Snack Production

EnWave Corporation announced the sale of two additional 10kW Radiant Energy Vacuum machines to Dairy Concepts Irl (DCI), marking the fifth and sixth units acquired by the Irish dairy snack innovator. This expansion supports DCI’s successful market presence in the UK, particularly with its innovative crunchy cheese snacks that have gained traction in major retailers like Marks and Spencer. The acquisition is expected to enhance DCI’s production capabilities and capitalize on new distribution opportunities, further solidifying its position in the European dairy snacks market.

EnWave Expands Partnership with MicroDried® and Boosts REV™ Capacity

EnWave Corporation has expanded its collaboration with MicroDried® by signing a new royalty-bearing license agreement and selling three additional Radiant Energy Vacuum (REV™) machines. This agreement allows MicroDried® exclusive rights to use EnWave’s REV™ technology for producing mochi and Greek yogurt products in North America, along with other dairy applications. The expansion strengthens MicroDried®’s position as a key supplier to major global food brands, enhancing its product portfolio to include clean-label, nutrient-dense dairy and mochi ingredients. With the addition of these machines, MicroDried® now holds the highest REV™ manufacturing capacity globally, positioning itself for significant growth in the food industry.

EnWave Expands Partnership with Procescir, Boosting Market Presence

EnWave Corporation has amended its royalty-bearing license agreement with Procescir S.A. de C.V. to include additional fruit and vegetable products, enhancing Procescir’s ability to capitalize on current and future commercial opportunities. This amendment is accompanied by the sale of a 120kW REV™ machine and auxiliary equipment, enabling Procescir to commence commercial production of fruit snacks for a major American brand. This strategic move is expected to bolster EnWave’s market presence and strengthen its position in the dehydration technology industry.

EnWave Corporation Reports Strong Q2 2025 Financial Results and Strategic Expansions

EnWave Corporation reported significant financial growth in its second quarter of 2025, with a substantial increase in revenue driven by machine sales and higher royalty revenues. The company’s gross margin improved significantly due to increased machine sales and royalties, while its adjusted EBITDA turned positive, indicating improved operational efficiency. EnWave also announced several strategic agreements and amendments, expanding its market reach and enhancing its product offerings, which are expected to strengthen its industry positioning and provide new opportunities for growth.

EnWave Expands Pet Treat Market with Creations Foods License Amendment

EnWave Corporation has amended its license agreement with Creations Foods, allowing the latter to produce dried cheese snacks for pet treat applications in the United States using EnWave’s REV™ technology. This strategic move aims to capitalize on the growing pet food industry, with Creations Foods already having several confirmed pet treat customers. EnWave is also actively seeking new partners in the pet treat and food industry to expand the use of its technology, as demonstrated by its recent participation in the Pet Food Forum in Kansas City.

EnWave to Announce Q2 2025 Financial Results and Host Investor Call

EnWave Corporation announced it will release its second-quarter financial results for 2025 on May 21, followed by an investor conference call on May 22. The announcement highlights EnWave’s continued focus on enhancing its market position through its innovative dehydration technology, which offers significant advantages over traditional drying methods. This release is important for stakeholders as it reflects the company’s ongoing efforts to expand its market reach and improve operational efficiency.