Canada's EnWave Q3 revenue rises on sale of machines held in inventory, higher royalties

Enwave

21/08/2026 14:10

Overview
Canada vacuum dehydration tech firm's fiscal Q3 revenue rose 21% yr/yr on machine sale, higher royalties
Adjusted EBITDA loss for Q3 narrowed sharply from prior year, aided by equipment sale, lower SG&A
Company signed multiple new equipment and licensing agreements during the quarter

Outlook
Company did not provide specific guidance for the current or upcoming periods

Result Drivers
MACHINE SALE - Q3 revenue increase was mainly driven by sale of a large-scale machine previously held in inventory
HIGHER ROYALTIES - Royalties rose due to higher product sales and partner production for the quarter
LOWER FABRICATION COSTS - Gross margin improved as fewer large-scale machines were on contract, reducing fabrication costs

Company press release: ID:nGNX2qV6X4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
C$3.31 mln
C$2.80 mln (1 Analyst)
Q3 Net Loss
 
C$465,000
 
Q3 Adjusted EBITDA
 
-C$93,000
C$200,000 (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$0.75, about 219.1% above its August 20 closing price of C$0.24
The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 84 three months ago

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Aug 19 - Canada's Omni-Lite Q2 revenue, EBITDA hit record high on segment expansion
Aug 20 - Canada's Perimeter Medical Imaging AI Q2 loss narrows on lower expenses

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(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.)