EnWave Q3 2026 revenue climbs to CAD 3.31 million on large machine sale, higher royalties, lower costs, company says
Reuters2026/08/21 00:35- EnWave posted Q3 2026 revenue of CAD 3.31 million, up 21%, driven by revenue on a large-scale machine previously held in inventory.
- Net loss from continuing operations narrowed to CAD 465,000 from CAD 1.16 million; adjusted EBITDA loss improved to CAD 93,000 from CAD 575,000.
- Royalty momentum strengthened, with base royalties rising 24% to CAD 536,000, despite a one-time CAD 60,000 adjustment tied to a prior overpayment.
- Nine-month revenue fell 20% to CAD 6.07 million due to fewer large-scale machine sales; net loss widened to CAD 2.73 million.
- Cash declined to CAD 2.48 million from CAD 6.36 million since fiscal year-end, reflecting CAD 5.1 million operating cash outflow and higher inventory.
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