Canada's EnWave Q1 revenue rises 36% on large-scale machine sales

Enwave

20/02/2026 14:10

Overview

Canada vacuum microwave tech firm's Q1 revenue rose 36% yr/yr

Q1 adjusted EBITDA loss narrowed

Company signed CLAs in Australia, New Zealand, and U.S.

Outlook

EnWave did not provide specific guidance for future quarters or fiscal year

Result Drivers

LARGE-SCALE MACHINE SALES - Co reported revenue increase due to commissioning and fabrication of large-scale machines

ROYALTY GROWTH - Increased royalty partners and exclusivity payments drove higher royalty revenue

INCREASED SG&A COSTS - Rise in SG&A costs due to more sales personnel and patent fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
C$1.60 mln
C$1.70 mln (1 Analyst)
Q1 Net Income
-C$1.11 mln
Q1 Adjusted EBITDA
Beat
-C$585,000
-C$800,000 (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Enwave Corp is C$0.80, about 135.3% above its February 19 closing price of C$0.34

Press Release: ID:nGNX86vCbr

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)