CORRECTION FROM SOURCE: Enablence Technologies Announces First Quarter 2026 Financial Results

Core Viewpoint - Enablence Technologies Inc. reported a decrease in revenue for the first quarter of Fiscal Year 2026, attributed to a one-time correction related to manufacturing expansion investments, while maintaining confidence in long-term growth and revenue guidance of $12 million ± $0.5 million for the fiscal year [4][10]. Financial Performance - Revenue for the quarter ended September 30, 2025, was $836 thousand, down from $1,218 thousand in the same period last year, representing a decrease of $382 thousand or 31% [10]. - The gross margin reported was $(1,653) thousand, a decline of $1,096 thousand compared to $(557) thousand in the previous year, impacted by revenue timing and increased raw material costs [10]. - Enablence reported a net loss of $6,350 thousand, an increase of 62% from a net loss of $3,914 thousand in the same period last year, driven by investments in R&D and manufacturing capacity [10]. - The comprehensive loss increased to $5,334 thousand for the quarter, compared to $4,380 thousand in the same period last year, influenced by the strengthening of the USD [10]. - The company ended the quarter with $2,757 thousand in cash and cash equivalents, down from $5,004 thousand as of June 30, 2025 [10]. Strategic Outlook - The CEO highlighted that the company is expanding wafer capacity from 1,500 to 3,000 wafers per month by the end of the fiscal year, which is expected to support demand for datacom, AI, and advanced vision products [4]. - Non-communications revenue has exceeded 12% of the business, with growth particularly in AI and LiDAR applications, indicating a diversification of the company's revenue streams [4]. - The North American module business is experiencing significant growth due to re-shoring initiatives, enhancing supply-chain certainty for U.S. customers [4].