Eco Wave Power Global AB Earnings Call Transcripts
Fiscal Year 2026
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A novel wave energy technology leverages nearshore infrastructure to deliver cost-effective, reliable, and environmentally friendly power, with over 400 MW in the global pipeline and strong backing from major partners. Commercial-scale projects are underway in the U.S., Asia, and Europe, with a lean financial model and industry recognition.
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Wave energy technology is positioned to meet rising coastal energy demand, especially for data centers, with a robust project pipeline and proven onshore solutions. Strategic partnerships, global recognition, and a flexible business model support expansion and commercialization.
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Wave energy offers a scalable, cost-efficient solution for rising global and data center electricity needs, with proven technology, strong partnerships, and a robust project pipeline. The company’s modular approach, low OPEX, and long-term BOO model position it for significant growth.
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Wave energy technology leverages existing coastal infrastructure for cost-effective, reliable, and environmentally friendly power generation, targeting surging demand from AI and data centers. With projects in Israel, Los Angeles, Taiwan, India, and Portugal, and over 400 MW in the pipeline, the company is positioned for significant growth.
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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.