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Eco Wave Power Global (WAVE)
NASDAQ:WAVE
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: -9.45%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant progress in cost efficiency, financial management, and project execution, particularly with key milestones reached in Israel and the U.S. The company also expanded its global reach with a new deal in Taiwan and legislative support in the U.S. Challenges are minimal, with only a modest cash decrease and some uncertainty around future legislation. Overall, the sentiment is positive, given the achievements and strategic growth initiatives.Company Guidance
In the third quarter of 2024, Eco Wave Power reported a 10% reduction in overall expenses from the previous quarter, achieved through decreases in general and administrative expenses by USD 63,000 and research and development expenses by USD 29,000. This cost-saving effort was supplemented by an increase in grants, contributing to a $73,000 reduction in operating loss quarter-over-quarter. The company maintained a robust financial position with $7.04 million in cash and short-term bank deposits, a slight decrease of $447,000 from Q2 2024. Notably, the EWP-EDF One project in Israel reached 83% of its energy generation target by September, marking a 27% improvement over three months. In the United States, Eco Wave Power secured a key regulatory permit for its first onshore wave energy installation at the Port of Los Angeles, with completion expected by the end of Q1 2025. The company also initiated an American Depository Share repurchase program in September, aimed at enhancing shareholder value.Cost Efficiency Improvements
Eco Wave Power reduced overall expenses by 10% quarter-over-quarter. General and administrative expenses decreased by USD 63,000, and research and development expenses were reduced by $29,000. These measures led to a $73,000 reduction in operating loss quarter-over-quarter.
Financial Position
The company maintained a solid financial position with $7.04 million in cash and short-term bank deposits, reflecting only a modest $447,000 decrease from Q2 2024.
EWP-EDF One Project Milestone
In Israel, the EWP-EDF One project at the Port of Jaffa achieved 0% downtime for the first time in June 2024 and reached 83% of its energy generation target by September, a 27% improvement over three months.
Regulatory Milestone in the U.S.
Secured a major regulatory milestone with the final nationwide permit from the U.S. Army Corps of Engineers for the first Wave Energy project at AltaSea’s premises in the Port of Los Angeles.
First Turnkey Wave Energy Deal in Taiwan
Signed the first turnkey Wave Energy deal in Taiwan, which is expected to boost market presence and revenue potential.
Marine Energy Technologies Acceleration Act
Proposed legislation would allocate $1 billion to accelerate the commercialization of marine energy technologies, providing vital funding for demonstration projects and research.
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WAVE 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
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WAVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $7.51 | $7.38 | -1.73% |
| Nov 21, 2024 | $8.99 | $9.24 | +2.78% |
| Aug 29, 2024 | $4.10 | $4.16 | +1.46% |
| May 16, 2024 | $3.13 | $3.06 | -2.24% |
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 Eco Wave Power Global (WAVE) report earnings?
Eco Wave Power Global (WAVE) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Eco Wave Power Global (WAVE) earnings time?
Eco Wave Power Global (WAVE) earnings time is at May 19, 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 WAVE EPS forecast?
WAVE EPS forecast for the fiscal quarter 2025 (Q1) is -0.06.
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