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]

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]

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license agreement with Shinyway International Limited for the use of its Radiant Energy Vacuum (REV™) technology in cannabis product production in New Zealand [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on providing efficient drying solutions for the food, pharmaceutical, and cannabis industries [4]. - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients while improving product quality and market efficiency [5]. Shinyway International Limited - Shinyway specializes in drying and trimming services for cannabis growers in New Zealand and plans to install a 10kW REV™ machine to enhance its competitive edge [3]. - The company aims to build collaborative relationships with local growers and is committed to supporting the growth of New Zealand's cannabis industry through responsible practices and innovation [3]. Technology and Benefits - EnWave's REV™ technology allows for faster and more economical drying compared to traditional methods, improving product taste, texture, color, and nutritional value [6]. - The technology enables producers to reach optimal moisture levels up to seven times faster than conventional drying methods [6].

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license agreement with Solve Solutions, a Brazilian food company specializing in premium dried fruits, vegetables, and snacks [1][2] - Solve Solutions will utilize EnWave's patented Radiant Energy Vacuum (REV™) technology for drying select products in Brazil and is required to purchase a large-scale REV™ machine within six months [2] - The partnership aims to enhance product development and supply high-quality dried ingredients that conventional methods cannot achieve [4][5] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on efficiency, product quality, and cost-effectiveness [6][8] - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients [7] - EnWave's strategy includes signing commercial licenses with food producers to improve drying processes and product quality [8] Solve Solutions Overview - Solve Solutions, operating under Troyes Participações SA, focuses on manufacturing premium dehydrated fruits, vegetables, and cheeses for both ingredient markets and consumer products [3] - The company collaborates with food manufacturers and CPG brands to fill supply gaps for high-quality dried ingredients [4] - Solve Solutions emphasizes innovation and product development, positioning itself as a trusted partner in the food market [5]

Core Viewpoint - EnWave Corporation successfully closed a private placement offering, raising C$3,000,000 through the issuance of 7,500,000 common shares at C$0.40 per share [1][2]. Group 1: Offering Details - The offering included a brokered component of 6,125,000 shares and a non-brokered component of 1,375,000 shares [2]. - Clarus Securities Inc. acted as the lead agent and sole bookrunner for the brokered component of the offering [2]. - The offering was conducted under the Listed Issuer Financing Exemption, allowing for the issuance of shares without a hold period, except for a four-month hold on shares received by directors and officers [3]. Group 2: Financial Aspects - Clarus received a cash commission of C$134,750 and 336,875 non-transferrable compensation options, each allowing the acquisition of one share at the issue price for 24 months [4]. - The net proceeds from the offering will be used to build two large-scale Radiant Energy Vacuum (REV™) dehydration machines, with a manufacturing timeline of approximately six months [5]. Group 3: Related Party Transactions - The offering involved a related party transaction, with certain directors and senior officers subscribing for a total of 212,500 shares [6]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value being below 25% of the company's market capitalization [6]. Group 4: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on food, pharmaceutical, and cannabis industries [8]. - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative products and improve existing offerings [9]. - EnWave's strategy includes signing royalty-bearing commercial licenses with food producers to enhance drying efficiency and product quality [10].