Canada · Delayed Price · Currency is CAD EnWave Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 36% revenue increase and improved gross margin, driven by higher royalties and new license agreements. The pipeline remains strong, with a focus on high-margin food and ingredient sectors and no immediate need for further financing.
Fiscal Year 2025
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Q4 2025 saw revenue surge 71% year over year, with strong net income and adjusted EBITDA growth. Repeat large-scale machine orders and new licenses drove record annual revenue, while a robust pipeline and expanded marketing support a positive outlook for 2026.
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A proprietary dehydration technology is driving global expansion, with over 50 partners and strong patent protection. Revenue is split between machine sales and growing royalties, with fiscal 2026 targeting positive EBITDA and new market breakthroughs, especially in pet food.
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Q3 2025 delivered 5% revenue growth year-over-year, with strong sales pipeline activity and expanded partner commitments. Gross margin declined due to sales mix, but a $3M capital raise positions the company for accelerated growth and inventory build.
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Q2 2025 delivered strong revenue growth, positive adjusted EBITDA, and record royalties, driven by large-scale machine sales and expanding partnerships. Gross margin rebounded to 33%, and the outlook remains positive with a robust sales pipeline and growing demand for REV technology.
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Patented vacuum microwave technology is driving global adoption, with royalty revenues accelerating and a robust sales pipeline. The business is shifting toward higher-margin royalties, supported by blue-chip partners and ongoing innovation, with financial targets set to cover expenses and enable future shareholder returns.
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Q1 2025 featured higher royalties, strong gross margins, and improved adjusted EBITDA loss, despite lower total revenue due to reduced equipment sales. A robust sales pipeline, new agreements, and expanded credit facilities position the company for potential break-even or profitability this fiscal year.
Fiscal Year 2024
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Q4 2024 saw revenue rise 149% year-over-year to CAD 3.6 million, with royalties and gross margin also up significantly. A robust pipeline, new patent developments, and expanded financing position the business for continued growth in fiscal 2025.
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Patented vacuum microwave dehydration technology is driving stable revenue and growing royalties, with a strong global partner base and a focus on food and ESG benefits. Fiscal 2025 targets doubling large machine sales, supported by expanded sales efforts and robust financials.
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Q3 2024 saw record royalties, improved gross margin, and a return to positive adjusted EBITDA, driven by strong equipment sales and royalty growth. The outlook is positive, with projected royalty revenue up 37% for fiscal 2024 and multiple large-scale machine sales expected in the next year.