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Enwave Corp (TSE:ENW)
:ENW
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: -23.33%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Neutral
The earnings call presented several positive developments, including an increase in third-party royalties, strong gross margins, new license agreements, and improved adjusted EBITDA. However, a decrease in overall revenue and adjusted EBITDA loss were notable challenges. The potential impact of tariffs remains a concern.Company Guidance
During EnWave Corporation's Q1 fiscal 2025 earnings call, CEO Brent Charleton highlighted various positive metrics and developments. The company reported third-party royalties of $559,000 for the quarter, marking an increase of $80,000 year-over-year. EnWave signed two new license agreements and their gross margin remained strong at 29%. They secured a flexible credit facility with Desjardins Group, allowing access to up to $5 million based on royalties, receivables, and inventory. Despite a decrease in total revenue to $1.2 million from $1.3 million in the previous year, royalties and tolling revenue increased by 16%. The company also improved its adjusted EBITDA loss to $624,000 from $756,000 year-over-year. EnWave's cash position was around $4 million with a net working capital surplus of $6.8 million. The company continued to focus on building its sales pipeline and expanding its team, anticipating several imminent large-scale REV machine sales to significantly impact future performance.Increase in Third-Party Royalties
Third-party royalties increased to $559,000 for the quarter, up $80,000 or 16% year-over-year.
New License Agreements and Contracts
Signed two new license agreements with ELEA Technology and CNTA, and five additional agreements including three license amendments and a new Technology Evaluation and License Option Agreement.
Strong Gross Margin
The gross margin remained strong at 29%, an increase from 18% in the previous period.
Credit Facility Secured
Secured a credit facility with Desjardins Group to remain flexible with growth plans, with approximately $1.9 million available at Canadian prime plus 1.5%.
Expansion in Sales and Marketing
Expanded sales and marketing efforts by hiring two additional team members and attending multiple trade shows and trade missions.
Improvement in Adjusted EBITDA
Adjusted EBITDA loss improved by $132,000 compared to the previous year, driven by increased royalties and tolling revenue.
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TSE:ENW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:ENW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | C$0.30 | C$0.24 | -20.00% |
| Dec 13, 2024 | C$0.20 | C$0.19 | -5.00% |
| Aug 23, 2024 | C$0.21 | C$0.21 | 0.00% |
| May 24, 2024 | C$0.26 | C$0.25 | -3.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Enwave Corp (TSE:ENW) report earnings?
Enwave Corp (TSE:ENW) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Enwave Corp (TSE:ENW) earnings time?
Enwave Corp (TSE:ENW) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ENW EPS forecast?
Currently, no data Available
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