VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a royalty-bearing, commercial license agreement (the “Commercial License”) with Solve Solutions Ltda (“Solve Solutions”), a Brazilian food company. Solve Solutions specializes in the production and sales of premium dried fruits, vegetables, and snack products for private label brands and consumer packaged food manufacturers in Brazil, as we ...

Core Insights - EnWave Corporation reported significant financial growth in Q2 2025, with revenues reaching CAD 3,689,000, a 456% increase compared to CAD 663,000 in Q2 2024, primarily driven by a large-scale machine sale and the commissioning of two small-scale machines [2][4] - The company achieved a gross margin of 33% in Q2 2025, a substantial improvement from a negative margin of (25)% in Q2 2024, attributed to higher machine sales and royalty revenues [4] - EnWave's Adjusted EBITDA for Q2 2025 was CAD 112,000, marking a significant recovery from a loss of CAD 1,268,000 in the same period last year [4][9] Financial Performance Summary - For the six months ended March 31, 2025, EnWave reported total revenues of CAD 4,866,000, up 153% from CAD 1,925,000 in the prior year, mainly due to increased machine sales [2][8] - Royalty revenues for the same period were CAD 1,033,000, reflecting a 16% increase from CAD 894,000, driven by more royalty partners and product sales [8] - The company recorded a net loss from continuous operations of CAD 362,000 in Q2 2025, a 77% improvement from a loss of CAD 1,559,000 in Q2 2024 [2][9] Corporate Developments - EnWave signed multiple agreements in Q2 2025, including a Technology Evaluation and License Option Agreement with Solve Solutions LTDA in Brazil and a License Agreement Amendment with BranchOut Food Inc. for exclusive rights to produce dried blueberry products in Peru [6] - The company appointed its first international Business Development Manager based in the Netherlands to enhance its presence in the European market [6] - EnWave repurchased two REV™ machines from a U.S.-based cannabis company, which is expected to strengthen inventory levels and expedite future sales [6]