Enablence Technologies Announces First Quarter 2026 Financial Results

Core Viewpoint - Enablence Technologies Inc. reported a decrease in first-quarter revenue for Fiscal Year 2026, attributed to a one-time correction related to planned manufacturing expansion, but anticipates significant growth in wafer capacity and overall business momentum moving forward [2][5]. Financial Performance - Revenue for the quarter ended September 30, 2025, was $836, a decrease of $382 or 31% compared to $1,218 in the same period last year [5]. - Gross margin reported was $(1,653), declining by $1,096 from $(557) in the previous year, impacted by revenue timing and increased raw material costs [5]. - Net loss increased to $6,350, compared to a net loss of $13,914 in the same period last year, marking a 62% increase driven by investments in R&D and manufacturing capacity [5]. - Comprehensive loss rose to $5,334 from $4,380 in the same period last year, influenced by the strengthening of the USD [5]. - Cash and cash equivalents at the end of the quarter were $2,757, down from $5,004 as of June 30, 2025 [5]. Business Outlook - The company expects monthly wafer starts to grow from 1,500 to over 3,000 by the end of the fiscal year, indicating a strong demand for both legacy and AI products [2]. - Non-communications revenue has exceeded 12% of the business, with growth particularly in AI and LiDAR applications [2]. - The North American module business is experiencing significant growth due to re-shoring initiatives, enhancing supply-chain certainty for U.S. customers [2]. Company Overview - Enablence Technologies Inc. designs, markets, and sells optical chips and subsystems for various applications, including datacom, telecom, automotive, and AI [6]. - The company serves a global customer base and is involved in emerging markets such as medical devices and virtual reality [6].