Core Insights - EnWave Corporation reported earnings per share of -$0.01, missing market expectations, indicating financial challenges [1][2] - The company generated revenue of approximately $1.6 million in Q1 2026, a 36% increase from the previous year's $1.177 million, attributed to large-scale machine sales and increased royalties [3][4] - Despite negative earnings, the price-to-sales ratio of about 2.97 suggests some investor confidence [4] Financial Performance - The trailing price-to-earnings (P/E) ratio is approximately -25, reflecting ongoing financial difficulties [3] - Revenue fell short of the estimated $3.72 million, highlighting performance challenges [3] - Total royalty revenue for Q1 2026 reached $627,000, a 12% increase from the previous year, driven by increased production and sales activities from royalty partners [4] Operational Metrics - The gross margin expanded to 37%, up from 29% in the prior year, due to higher royalties and an optimized production mix [3] - The enterprise value to sales ratio is approximately 2.68, indicating the company's valuation in relation to sales [4] - The debt-to-equity ratio is about 0.27, suggesting a relatively low level of debt compared to equity [4] - A current ratio of approximately 3.48 indicates a strong ability to cover short-term liabilities with short-term assets [4]

Core Viewpoint - EnWave Corporation reported a significant increase in revenue and improvements in gross margin for Q1 2026, driven by large-scale machine sales and increased royalties, despite a net loss in continuing operations [3][2]. Financial Performance - Revenues for Q1 2026 reached CAD 1,600,000, a 36% increase from CAD 1,177,000 in Q1 2025 [2]. - Direct costs rose to CAD 1,006,000, up 20% from CAD 837,000 in the previous year [2]. - Gross margin improved to CAD 594,000, representing a 75% increase compared to CAD 340,000 in Q1 2025, with a gross margin percentage of 37% versus 29% in the prior year [2][3]. - Operating expenses totaled CAD 1,468,000, a 16% increase from CAD 1,268,000 in Q1 2025, with notable increases in general and administration, sales and marketing, and research and development costs [2][3]. - The net loss from continuing operations was CAD 1,108,000, an 18% increase from CAD 938,000 in the previous year [2][6]. - Adjusted EBITDA loss was CAD 585,000, showing an improvement of CAD 50,000 from CAD 635,000 in Q1 2025 [3][6]. Revenue Drivers - The increase in revenue was attributed to large-scale machine sales and a rise in royalties, with base royalties for Q1 2026 at CAD 500,000, an 18% increase from the previous year [3]. - Total royalty revenue for Q1 2026 was CAD 627,000, a 12% increase from the prior year [3]. Corporate Developments - EnWave signed several Commercial License Agreements (CLAs) with partners, including a CLA with Gowen Gumlu Grower's Association in Australia and Shinyway International Limited in New Zealand [9]. - The company continues to expand its global presence with over fifty partners across twenty-four countries [8]. Technology and Market Position - EnWave is recognized as a leader in vacuum microwave dehydration technology, offering significant advantages over traditional drying methods in terms of efficiency and product quality [7][10].

Core Insights - EnWave Corporation reported consolidated interim financial results for Q1 2026, showing significant revenue growth and improvements in gross margin compared to the previous year [1][4]. Financial Performance - Revenues for Q1 2026 reached CAD 1,600,000, an increase of 36% from CAD 1,177,000 in Q1 2025, attributed to large-scale machine sales and increased royalties [2][4]. - Direct costs rose to CAD 1,006,000, up 20% from CAD 837,000 in the prior year [2]. - Gross margin improved to CAD 594,000, representing a 75% increase from CAD 340,000, with a gross margin percentage of 37% compared to 29% in Q1 2025 [2][4]. - Operating expenses totaled CAD 1,468,000, a 16% increase from CAD 1,268,000, driven by higher sales personnel and other costs [2][4]. - The net loss from continuing operations was CAD 1,108,000, an 18% increase from CAD 938,000 in the previous year [2][4]. - Adjusted EBITDA loss was CAD 585,000, showing an improvement of CAD 50,000 from CAD 635,000 in Q1 2025 [2][4]. Revenue Breakdown - Base royalties for Q1 2026 were CAD 500,000, an 18% increase from CAD 425,000 in the prior year [4]. - Total royalty revenue for Q1 2026 was CAD 627,000, a 12% increase from CAD 559,000 in Q1 2025, driven by more royalty partners and increased product sales [4]. Corporate Developments - EnWave signed several Commercial License Agreements (CLAs) with partners, including Gowen Gumlu Grower's Association in Australia and Shinyway International Limited in New Zealand, indicating expansion in its market presence [10][11]. - The company has developed a robust intellectual property portfolio and continues to innovate in vacuum microwave dehydration technology, enhancing its competitive edge in the food, pharmaceutical, and cannabis industries [8][9].

Core Viewpoint - EnWave Corporation will report its financial results for Q1 2026 on February 19, 2026, after market close, with a conference call scheduled for February 20, 2026, to discuss the results and business outlook [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology that offers superior efficiency, capacity, product quality, and cost-effectiveness compared to traditional drying methods [4]. - The company has over fifty partners across twenty-four countries and five continents, enabling them to create innovative snacks and ingredients while improving the quality and consistency of existing products [5]. Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance their drying processes, allowing them to produce new products, achieve optimal moisture levels up to seven times faster, and improve taste, texture, color, and nutritional value [6].

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license with Bowen Gumlu Grower's Association (BGGA) to utilize its Radiant Energy Vacuum (REV™) dehydration technology for developing tropical fruit snacks and ingredients [1][2] Group 1: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution that outperforms traditional methods [7] - The company has over fifty-one partners across twenty-four countries, enabling the creation of innovative snacks and ingredients [8] Group 2: Partnership Details - BGGA has acquired a 10kW REV™ machine to initiate commercial product development and early-stage manufacturing of REV™-dried products, with commissioning expected before April 2026 [2] - EnWave's technical and food science teams will collaborate with BGGA to ensure high product quality and process optimization for the launch of commercial products [2] Group 3: Industry Context - BGGA represents horticultural growers and agribusinesses in North Queensland, which is the largest producer of winter vegetable crops in Queensland, generating approximately $650 million AUD annually [5] - The region employs around 1,500 workers year-round, with an additional 2,000 during the harvest season, indicating the sector's significant impact on local employment [5]

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license with Bowen Gumlu Grower's Association (BGGA) to utilize its Radiant Energy Vacuum (REV™) dehydration technology for developing tropical fruit snacks and ingredients [1][2] Group 1: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution that outperforms traditional methods [7] - The company has over fifty-one partners across twenty-four countries, enabling the creation of innovative snacks and ingredients [8] Group 2: Partnership Details - BGGA has acquired a 10kW REV™ machine to initiate commercial product development and early-stage manufacturing of REV™-dried products, with commissioning expected before April 2026 [2] - EnWave's technical and food science teams will collaborate with BGGA to ensure product quality and process optimization for the launch of commercial products [2] Group 3: Market Potential - BGGA represents a significant member base in the horticultural sector, indicating high potential for additional REV™ equipment sales as they advance in commercialization [3] - The region represented by BGGA is the largest producer of winter vegetable crops in Queensland, generating approximately $650 million AUD annually, which supports a substantial workforce [5]

Company Overview - EnWave Corporation is a global leader in vacuum microwave dehydration technology, headquartered in Delta, BC [3] - The company has developed a strong intellectual property portfolio and its Radiant Energy Vacuum (REV™) technology offers a scalable drying solution for the food, pharmaceutical, and cannabis industries, outperforming traditional methods in efficiency, capacity, product quality, and cost [3] Recent Developments - EnWave has granted a total of 1,410,000 incentive stock options to employees and officers, exercisable at $0.36 per share for five years, vesting in one-third increments over eighteen months [1] - Additionally, 135,000 restricted share rights were awarded to independent directors, which will vest three years from the date of the award as part of the annual compensation program [2] Strategic Partnerships - The company has over fifty partners across twenty-four countries and five continents, enabling them to create innovative snacks and ingredients while improving the quality and consistency of their products [4] - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying processes, allowing for faster production and improved product attributes such as taste, texture, color, and nutritional value [5]

VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") today reported the Company’s consolidated interim financial results for the fourth quarter and fiscal year ended September 30, 2025. All values in thousands and denoted in CAD unless otherwise stated. Reported revenue for Q4 2025 of $6,219, an increase of $2,585 relative to the comparable period in the prior year. During the period, the company commissioned one large-scale and ...

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the fiscal year ending September 30, 2025, on December 15, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time to discuss the results and business outlook [2][3] Group 2: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution for food, pharmaceutical, and cannabis industries [4] - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative snacks and improve existing products [5] Group 3: Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods [6]

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the year ended September 30, 2025, on December 15, 2025, before market opens [1] Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) to discuss the results and business outlook [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and patented Radiant Energy Vacuum (REV™) technology [4] - The company provides a scalable drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost [4] Partnerships and Market Reach - EnWave has over fifty partners across twenty-four countries and five continents, enabling the creation of innovative snacks and ingredients [5] - The company's technology helps partners improve product quality, consistency, and market speed [5] Strategic Focus - EnWave aims to sign royalty-bearing commercial licenses with food producers to enhance drying processes compared to freeze drying, rack drying, and air drying [6] - Benefits include faster moisture level achievement, improved product taste, texture, color, and nutritional value [6]