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]