)
Visual
earnings real time
EnWave (ENW) investor relations material
EnWave Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary15 Dec, 2025
Executive summary
Q4 2025 revenue reached CAD 6.2 million, up 71% year over year, with net income from continuing operations of CAD 928,000, up 58% year over year.
Fiscal year 2025 revenue was CAD 13.8 million, a 69% increase year over year, driven by equipment construction contracts, machine sales, and production mix.
Adjusted EBITDA for Q4 2025 was CAD 1.4 million, up CAD 950,000 year over year; annual Adjusted EBITDA was CAD 309,000, a turnaround from a CAD 1,489,000 loss in 2024.
Growth was fueled by repeat large-scale machine orders, new licenses, and expansion into new geographies and verticals.
Financial highlights
Q4 2025 gross margin was 41%, up from 40% in Q4 2024; annual gross margin was 34%, up from 33% in 2024.
Q4 adjusted EBITDA was CAD 1.4 million, up from CAD 450,000 year over year.
Q4 base royalties were CAD 418,000 (+31% YoY); annual base royalties were CAD 1.8 million (+14% YoY).
SG&A expenses, including R&D, were CAD 1.5 million in Q4, up 17% year over year, and CAD 5.6 million for the year, mainly due to increased sales and marketing.
Cash and cash equivalents at quarter-end were CAD 6.4 million, with net working capital of CAD 9.7 million.
Outlook and guidance
Management anticipates superior machine sale performance in fiscal 2026, targeting six to eight large-scale machine sales.
Conservative estimate for fiscal 2026 base royalties is CAD 2.3 million, assuming current machine utilization.
Expects further royalty growth as new and existing partners increase capacity utilization.
Profitability is expected if more than four large-scale machines are sold annually and royalty run rate improves.
Forward-looking statements caution that actual results may differ due to various risks and uncertainties.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next EnWave earnings date
Q1 202623 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
EnWave Corporation is a Canadian technology company that licenses, manufactures, and sells vacuum-microwave dehydration equipment. Its proprietary technology is used for drying food, cannabis, and pharmaceutical products. The company also produces and markets dried snack products through a subsidiary. EnWave Corporation is headquartered in Vancouver, Canada, and its shares are listed on the TSX Venture Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage