Eco Wave Power Global AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw reduced operating expenses and improved operating loss, though net loss rose due to FX impacts. Progress continued across global projects, with increased visibility in AI-energy infrastructure and $5.3M liquidity supporting future growth.
Fiscal Year 2025
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2025 saw major operational milestones, including a successful U.S. pilot and global project progress, with a net loss of $3.7M and improved Q4 cost discipline. AI-driven energy demand and digital innovation position the company for future growth.
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H1 2025 saw increased R&D and project execution, with operating expenses rising to $1.6M and a net loss of $1.9M, but strong liquidity at $7.94M. Key pilot installations and partnerships advanced in the U.S., Portugal, Asia, and Africa, supporting global expansion.
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Net loss improved 4.2% year-over-year to $505,005, with cash reserves at $8.8 million. Project milestones advanced in Los Angeles, Portugal, India, and Taiwan, while R&D and governance initiatives support future growth.
Fiscal Year 2024
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First project revenues and a strengthened cash position highlight a year of operational progress, cost discipline, and global expansion, with continued investment in new markets and technology expected to drive momentum in 2025.
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Reduced expenses by 10% quarter over quarter and maintained $7.04M in cash, while advancing key projects in Israel, the U.S., and Taiwan. Initiated an ADS repurchase program and expects profitability with additional turnkey deals.
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Operating costs fell 1.6% in H1 2024, with strong project progress and $7.48M in cash reserves. Key projects in Israel, the U.S., and Portugal advanced, and a new U.S. law could boost marine energy funding.