EnWave Income Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	13.83	8.18	11.36	11.05	26.48
Revenue Growth (YoY)	69.04%	-28.00%	2.85%	-58.27%	-19.48%
Cost of Revenue	9.19	5.52	7.12	5.87	19.31
Gross Profit	4.64	2.66	4.24	5.18	7.17
Selling, General & Admin	4.07	3.81	3.59	4.84	9.75
Research & Development	1.51	1.49	1.58	2	1.88
Amortization of Goodwill & Intangibles	-	-	-	0.12	0.22
Operating Expenses	5.97	5.56	5.73	8.09	12.66
Operating Income	-1.34	-2.9	-1.48	-2.91	-5.5
Interest Expense	-0.3	-0.14	-0.13	-0.12	-
Interest & Investment Income	0.08	0.21	0.19	0.14	0.01
Currency Exchange Gain (Loss)	0.01	0	-0.03	0.1	0.02
EBT Excluding Unusual Items	-1.55	-2.83	-1.45	-2.79	-5.47
Merger & Restructuring Charges	-	-	-	-	-0.69
Gain (Loss) on Sale of Assets	0.01	-	-	-	-0.01
Asset Writedown	-	-	-0.13	-	-
Other Unusual Items	-	0.48	-	0.15	1.34
Pretax Income	-1.53	-2.35	-1.58	-2.64	-4.83
Income Tax Expense	-	-	-	-	-0.71
Earnings From Continuing Operations	-1.53	-2.35	-1.58	-2.64	-4.13
Earnings From Discontinued Operations	1.12	-0.05	-4.93	-4.29	-
Net Income to Company	-0.42	-2.4	-6.51	-6.93	-4.13
Net Income	-0.42	-2.4	-6.51	-6.93	-4.13
Net Income to Common	-0.42	-2.4	-6.51	-6.93	-4.13
Shares Outstanding (Basic)	112	111	111	110	112
Shares Outstanding (Diluted)	112	111	111	110	112
Shares Change (YoY)	1.01%	0.21%	0.18%	-1.09%	0.28%
EPS (Basic)	-0.00	-0.02	-0.06	-0.06	-0.04
EPS (Diluted)	-0.00	-0.02	-0.06	-0.06	-0.04
Free Cash Flow	-0.65	1.17	-2.56	-4.07	0.05
Free Cash Flow Per Share	-0.01	0.01	-0.02	-0.04	-
Gross Margin	33.52%	32.50%	37.34%	46.85%	27.07%
Operating Margin	-9.68%	-35.41%	-13.06%	-26.35%	-20.76%
Profit Margin	-3.02%	-29.31%	-57.31%	-62.70%	-15.58%
Free Cash Flow Margin	-4.72%	14.27%	-22.53%	-36.80%	0.18%
EBITDA	-0.69	-2.23	-0.96	-2.59	-3.69
EBITDA Margin	-4.97%	-27.21%	-8.41%	-23.43%	-13.94%
D&A For EBITDA	0.65	0.67	0.53	0.32	1.81
EBIT	-1.34	-2.9	-1.48	-2.91	-5.5
EBIT Margin	-9.68%	-35.41%	-13.06%	-26.35%	-20.76%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.