Enablence Technologies Announces Fiscal Year 2025 Financial Results

Core Insights - Enablence Technologies Inc. reported a significant revenue increase of 271% for Fiscal Year 2025, reaching $5.95 million, despite global uncertainties [2][6] - The company anticipates continued growth in Fiscal Year 2026, projecting revenue of approximately $12 million, supported by a robust order book and strong demand across its core product lines [3][5] Financial Performance - Revenue for the year ended June 30, 2025, was $5,941 thousand, compared to $1,601 thousand for the same period in the prior year, marking an increase of $4,340 thousand [6] - The gross margin slightly declined by $73 thousand, resulting in a gross margin of $(2,402) thousand for the quarter, although the gross margin percentage improved significantly due to increased capacity [6] - The net loss increased to $18,153 thousand from $14,108 thousand in the previous year, reflecting a 39% rise driven by investments in sales, marketing, R&D, and manufacturing equipment [6][12] Operational Developments - Enablence has made significant investments in tooling, processes, and infrastructure to enhance operational efficiency and expand wafer capacity at its Fremont, California facility [3] - The company plans to accelerate the deployment of advanced toolsets in etching, deposition, and lithography to further increase wafer capacity throughout Fiscal Year 2026 [3] - The company is focusing on supply chain resilience strategies to ensure reliable delivery and pricing, independent of China, in response to global supply chain disruptions [4] Cash Position and Funding - Enablence ended the quarter with $5,004 thousand in cash and cash equivalents, a substantial increase from $614 thousand as of June 30, 2024, supporting ongoing operations and growth initiatives [12] - The company received an additional $22,856 thousand in new funding during the period, continuing to invest in manufacturing capacity and R&D [12]