EnWave Corporation (TSX-V: ENW) Q2 2025 Earnings | May 22, 2025

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EnWave Corporation (TSX-V: ENW | FSE: E4U), a global leader in vacuum microwave dehydration technology, reported its Q2 2025 financial results on May 22, 2025, delivering a standout quarter with revenue of $3.7 million CAD—a 456% increase year-over-year. The surge was primarily driven by the sale of a large-scale Radiant Energy Vacuum (REV) machine and the commissioning of two small-scale units. Royalty revenues also climbed to $474,000 CAD, up 14% from the prior year, reflecting growth in royalty partners, product sales, and partner production. Gross margin improved significantly to 33% from negative 25% in Q2 2024, thanks to higher machine sales, increased royalties, and tolling revenue. Net income for the quarter reached $764,000 CAD, a substantial turnaround from a net loss of $1.4 million in the same period last year, aided by an employee retention tax credit payment received from the U.S. government. Adjusted EBITDA was $112,000 CAD, compared to a loss of $1.3 million a year ago. Despite the strong financial performance, EnWave’s stock dipped 2.1% post-earnings, closing at $0.19. President and CEO Brent Charlton highlighted robust demand for REV technology in the food and pharmaceutical sectors and emphasized the company’s strategic focus on expanding its international presence and royalty-generating partnerships. EnWave maintains a strong balance sheet, with more cash than debt and a current ratio of 17.24, supporting continued innovation and growth. Outlook: Continued expansion of REV machine sales and royalty partnerships Focus on food and pharmaceutical sector growth Ongoing investment in international market development and product innovation About Inside Ticker: For more expert analysis and real-time updates on EnWave Corporation (TSX-V: ENW) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #EnWave #ENW #Q22025 #Earnings #DehydrationTechnology #FoodTech #PharmaTech #FinancialResults #REV #InsideTicker

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