Eco Wave Power AB (publ)(WAVE)

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Eco Wave Power and AltaSea Align on Official Launch Date for First-Ever U.S. Wave Energy Project at the Port of Los Angeles
Newsfile· 2025-06-25 13:00
Los Angeles, California--(Newsfile Corp. - June 25, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy developer, is pleased to announce that Inna Braverman, Founder and CEO of Eco Wave Power, and Ran Atias, VP of Engineering, held a strategic meeting with Terry Tamminen, CEO of AltaSea at the Port of Los Angeles, to officially agree upon the launch date and public unveiling of the first-ever onshore U.S. wave energy pilot project. The historic launch event is scheduled to ...
Notice to Attend the Annual General Meeting of Eco Wave Power Global AB (publ)
Newsfile· 2025-05-28 20:40
Stockholm, Sweden--(Newsfile Corp. - May 28, 2025) - The shareholders of Eco Wave Power Global AB (publ), (NASDAQ: WAVE), reg. no. 559202-9499 (the "Company" or "EcoWave"), are hereby given notice to attend the annual general meeting at 10:00 a.m. CEST on Monday June 30, 2025. The meeting will be held at Setterwalls Advokatbyrå's offices at address Sturegatan 10 in Stockholm. Registration for the meeting commences 30 minutes before the opening of the meeting.NoticeShareholders wishing to participate at the ...
Eco Wave Power Pays First Installment of Grid Connection Fee for 1MW Project in Porto, Portugal, Marking Major Progress Toward Wave Energy Integration
Newsfile· 2025-05-28 12:30
Porto, Portugal--(Newsfile Corp. - May 28, 2025) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE), a leading onshore wave energy technology company, is pleased to announce a key milestone in the development of its first 1MW wave energy power station in the City of Porto, Portugal. Eco Wave Power has successfully paid the first installment - representing 50% of the grid connection fee - for the planned 1MW station, marking significant progress in the project's implementation. To view an enhanced version of t ...
Eco Wave Power AB (publ)(WAVE) - 2025 Q1 - Earnings Call Transcript
2025-05-12 14:02
Eco Wave Power Global (WAVE) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Aharon Yehuda - CFOInna Braverman - CEO Operator Greetings, and welcome to the Ecowave Power First Quarter twenty twenty five Earnings Call. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Aron Yehuda, CFO of Ecowave Power. Sir, you may begin. Aharon Yehuda Thank you. Good morning, everyone, and thank you for joining us to Ecowave Power's first quarter twenty ...
Eco Wave Power AB (publ)(WAVE) - 2025 Q1 - Earnings Call Transcript
2025-05-12 14:00
Financial Data and Key Metrics Changes - For Q1 2025, Ecowave Power recorded a net loss of $500,005, an improvement from $527,000 in the same period last year, reflecting ongoing cost discipline while supporting project development [2][6] - Operating expenses increased to $765,000 from $659,000 in Q1 2024, primarily due to growth in engineering and execution work related to projects in Los Angeles and Portugal [3] - Cash and short-term deposits as of March 31, 2025, were $8,800,000, down from $9,300,000 at the end of 2024, attributed to development stage spending [4] Business Line Data and Key Metrics Changes - In Los Angeles, the company moved from permitting to production, with a floater manufacturing agreement signed in April, expected to be completed by the end of Q2 2025 [6][7] - In Portugal, engineering designs were finalized, and groundwork has begun under a 20 megawatt concession agreement, with equipment procurement and installation anticipated later this year [7] - The AWP EDF-one installation at Jaffa Port in Israel logged zero downtime in Q1, with successful testing of 10 floaters demonstrating an average power output of 13 kilowatts [8] Market Data and Key Metrics Changes - Partnerships in India and Taiwan reached new milestones, with a site assessment planned at the Mumbai oil terminal and a sale agreement in Taiwan moving into the detailed permitting phase [7][8] - The company anticipates a purchase order in Q2 for the Indian project, indicating progress in international markets [7] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet while advancing the commercialization of its wave energy technology [4] - An advisory board was established to strengthen governance and strategic direction, with a member appointed who has extensive experience in energy and sustainability [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue investing in its global pipeline while preserving flexibility for new opportunities [6] - The company remains committed to building a diversified and resilient wave energy business, with expectations for further progress throughout the year [10] Other Important Information - The company is focusing its R&D efforts in 2025 on reducing floater costs and streamlining installation processes [8] Q&A Session Summary - No specific questions or answers were recorded in the provided content, as the call concluded without a Q&A segment [11]
Eco Wave Power AB (publ)(WAVE) - 2025 Q1 - Quarterly Report
2025-03-31 13:05
Exhibit 99.1 FOR IMMEDIATE RELEASE Eco Wave Power Secures Final Permit for Pioneering Wave Energy Project in the Port of Los Angeles March 31, 2025 – Los Angeles, CA – Eco Wave Power ("Eco Wave Power" or the "Company") (Nasdaq: WAVE), a leading onshore wave energy technology company, is pleased to announce that it has been granted Revocable Permit 25-05 by the Port of Los Angeles for the construction and demonstration of its innovative wave energy technology at Berth 70 in San Pedro, California. The permit ...
Eco Wave Power Secures Final Permit for Pioneering Wave Energy Project in the Port of Los Angeles
Newsfile· 2025-03-31 13:00
Los Angeles, California--(Newsfile Corp. - March 31, 2025) - Eco Wave Power (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to announce that it has been granted Revocable Permit 25-05 by the Port of Los Angeles for the construction and demonstration of its innovative wave energy technology at Berth 70 in San Pedro, California. The permit was approved and executed on behalf of the Executive Director, Eugene D. Seroka on March 27, 2025. Inna Bra ...
D-WAVE QUANTUM Stock Rises 62% Post Q4 Results: To Buy or Not to Buy?
ZACKS· 2025-03-18 18:55
Core Viewpoint - D-Wave Quantum (QBTS) has experienced significant stock price appreciation due to strong growth in bookings and an expanding customer base in the quantum computing market [1][2][5]. Group 1: Financial Performance - QBTS shares surged 62% following the announcement of fourth-quarter 2024 results, with bookings increasing 502% year-over-year to $18.3 million [1]. - The Zacks Consensus Estimate for 2025 revenues is projected at $15.42 million, reflecting a year-over-year increase of 76.23% [11]. Group 2: Market Position and Growth Drivers - QBTS has broadened its customer base to 135 clients, including 76 commercial customers, with 28 being Forbes Global 2000 companies [9][10]. - The global quantum computing market was valued at approximately USD 1.42 billion in 2024 and is expected to grow at a compound annual growth rate of 20.5% from 2025 to 2030 [7]. - Partnerships with companies like Carahsoft and Zapata Computing have been instrumental in expanding QBTS's reach in the public sector [8]. Group 3: Technological Advancements - In the fourth quarter of 2024, QBTS launched on-premises systems for quantum experimentation and calibrated its third 4,400-qubit Advantage2 processor, enhancing performance metrics [5][6]. - The Julich Supercomputing Centre acquired a D-Wave Advantage annealing quantum computer, integrating it with Europe's exascale JUPITER supercomputer [5]. Group 4: Competitive Landscape - QBTS faces increasing competition from companies like Rigetti Computing, IBM, Alphabet, and IonQ, which are advancing their quantum technologies [13][14]. - Rigetti Computing's recent collaboration with Quanta Computer, committing over $100 million, exemplifies the competitive pressures in the quantum computing sector [15]. Group 5: Valuation Concerns - QBTS stock is considered overvalued, trading at a forward 12-month Price/Sales ratio of 158.54X, significantly higher than the sector average of 5.81X [18].
Eco Wave Power AB (publ)(WAVE) - 2024 Q4 - Annual Report
2025-03-03 14:05
Exhibit 99.1 Eco Wave Power Files Annual Report on Form 20-F for the Year Ended December 31, 2024, and Reports Significant Progress in Financial and Operational Results 30% Reduction in Net Cash Used for Operations, 7% Decrease in Operating Expenses, 11% Increase in Cash Position, First Revenues from Sale of a Pilot Station, Federal License Secured for Port of LA Project, Megawatt-Scale Project Advancing in Portugal, and an MOU with Fortune 500 Bharat Petroleum in India Stockholm, Sweden – March 3, 2025 – E ...
Eco Wave Power Files Annual Report on Form 20-F for the Year Ended December 31, 2024, and Reports Significant Progress in Financial and Operational Results
Newsfile· 2025-03-03 14:00
Core Insights - Eco Wave Power has made significant progress in financial and operational results for the fiscal year ended December 31, 2024, including a 30% reduction in net cash used for operations and an 11% increase in cash position [1][4][28]. Financial Performance - The company reported a 7% decrease in operating expenses compared to 2023, contributing to a cumulative 32% reduction since 2022 [5][36]. - Cash and deposits reached $9.3 million as of December 31, 2024, an increase from $8.4 million at the end of 2023 [5][36]. - Total revenues and other income amounted to $393 thousand, reflecting a 21.7% increase from $323 thousand in 2023 [5][36]. - Operating loss decreased by $75 thousand, or 3%, to $2,338 thousand for the year ended December 31, 2024 [36][46]. Major Project Developments - The EWP-EDF One wave energy project at Jaffa Port became the first wave energy project in Israel supplying clean energy to the national grid [7][29]. - The company secured a final federal permit for its wave energy project at the Port of Los Angeles, with procurement and installation works set to commence in the first quarter of 2025 [10][12]. - Progress was made on a megawatt-scale wave energy project in Portugal, with key appointments and engineering advancements [13][16]. - A wave energy project sale agreement was signed with I-Ke International Ocean Energy Co. in Taiwan, marking the company's entry into the Asian market [17][19]. - A memorandum of understanding was signed with Bharat Petroleum Corporation Limited in India to develop wave energy projects, starting with a feasibility study [21][24]. Research and Development - Planned R&D in 2025 aims to refine the wave energy formula to improve energy generation efficiency [9][31]. - The company anticipates an increase in R&D expenses due to the implementation of projects in the U.S., Portugal, and Taiwan [36][43]. Market Position and Future Outlook - Eco Wave Power is positioned for long-term success in various markets, including Portugal, Los Angeles, and Taiwan, with a focus on financial efficiency and project execution [4][30]. - The company aims to maximize energy production and continue its growth trajectory in 2025 [31][34].