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 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]