Core Insights - EnWave Corporation reported significant financial growth in Q4 2025, with revenues increasing by 71% year-over-year to CAD 6,219,000, and a net income from continuing operations of CAD 928,000, marking a 58% increase compared to the previous year [1][2][4] Financial Performance - Q4 2025 revenues reached CAD 6,219,000, up from CAD 3,634,000 in Q4 2024, representing a 71% increase [2] - For the fiscal year ended September 30, 2025, total revenues were CAD 13,829,000, a 69% increase from CAD 8,181,000 in 2024 [2][10] - Direct costs for Q4 2025 were CAD 3,667,000, a 67% increase from CAD 2,192,000 in Q4 2024 [2] - Gross margin for Q4 2025 was 41%, slightly up from 40% in Q4 2024, driven by a favorable production mix [4][10] - Adjusted EBITDA for Q4 2025 was CAD 1,407,000, a 213% increase from CAD 450,000 in Q4 2024 [2][4] Royalty Revenue - Base Royalties for Q4 2025 were CAD 481,000, a 31% increase from CAD 368,000 in Q4 2024 [4] - Total royalty revenue for Q4 2025 was CAD 481,000, down 25% from CAD 642,000 in Q4 2024, due to a change in exclusivity agreements with a partner [4][10] Operating Expenses - SG&A expenses, including R&D, increased to CAD 5,585,000 for the year ended 2025, up from CAD 5,308,000 in 2024, primarily due to increased marketing and sales personnel costs [10] - Operating expenses for Q4 2025 included CAD 571,000 in general and administration, CAD 553,000 in sales and marketing, and CAD 389,000 in research and development [2] Corporate Developments - EnWave signed multiple equipment purchase agreements and commercial licenses in Q4 2025, expanding its partnerships and product offerings [10] - The company closed a private placement of 7,500,000 common shares at CAD 0.40 per share, raising gross proceeds of CAD 3,000,000 [10]

Core Insights - EnWave Corporation reported its consolidated interim financial results for Q3 2025, showing a revenue increase of 5% year-over-year and a significant 67% increase for the nine months ended June 30, 2025 [1][2][4] Financial Performance Summary - Q3 2025 revenues reached CAD 2,744,000, up from CAD 2,622,000 in Q3 2024, with a notable increase in machine sales contributing to this growth [2][4] - Direct costs for Q3 2025 rose by 50% to CAD 2,209,000 compared to CAD 1,471,000 in Q3 2024, leading to a gross margin decrease to 19% from 44% in the prior year [2][4] - Operating expenses for Q3 2025 were CAD 1,405,000, a slight increase of 3% from CAD 1,365,000 in Q3 2024, with increases in sales and marketing expenses [2][4] - The net loss from continuing operations for Q3 2025 was CAD 1,162,000, a significant increase of 394% compared to CAD 235,000 in Q3 2024 [2][4] - Adjusted EBITDA for Q3 2025 was a loss of CAD 575,000, a decrease of 776% from an income of CAD 85,000 in Q3 2024 [2][4] Nine-Month Performance Highlights - For the nine months ended June 30, 2025, total revenues were CAD 7,610,000, an increase of CAD 3,063,000 compared to the same period in 2024 [9] - Royalty revenues for the nine months increased by 11% to CAD 1,464,000, driven by a growing number of royalty partners and product sales [9] - SG&A costs for the nine months rose by CAD 54,000, primarily due to increased tradeshow attendance and recruitment costs [9] - The Adjusted EBITDA loss improved to CAD 1,098,000 for the nine months ended June 30, 2025, an improvement of CAD 841,000 from the previous year [9] Corporate Developments - EnWave signed multiple agreements, including equipment purchase and license amendments with partners such as MicroDried and Procescir, enhancing its market presence and product offerings [9] - The company successfully closed a private placement offering, raising up to CAD 3,000,000 through the sale of common shares [9]