Eco Wave Power (WAVE) Q1 2026 earnings summary

Executive summary

• Advanced global project portfolio with operational progress in Israel, the US, Portugal, Taiwan, India, and South Africa.

• Positioned technology at the intersection of AI and energy demand, targeting coastal data centers and digital infrastructure, and highlighted by features at NVIDIA's GTC keynote and on social media.

• Completed US pilot project at Port of Los Angeles, validating technical and economic feasibility and preparing for larger-scale discussions.

• Initiated discussions with data center developers to integrate wave energy into AI-focused infrastructure.

Financial highlights

• Operating expenses for Q1 2026 were $682,000, down 11% year-over-year, driven by lower R&D, sales, and G&A costs.

• Operating loss improved to $682,000 from $765,000 year-over-year.

• Net loss increased to $695,000 from $505,000, mainly due to foreign exchange fluctuations and a decrease in net financial income.

• Ended Q1 2026 with $5.29 million in liquidity, including $5.04 million in cash and $0.25 million in restricted deposits.

Outlook and guidance

• Focus remains on advancing operational projects, disciplined financial management, and deepening strategic partnerships, with emphasis on commercial-scale deployments and AI infrastructure integration.

• Plans to leverage wave energy for AI infrastructure, emphasizing rapid deployment compared to other emerging energy technologies.

• Advancing megawatt-scale project in Portugal and exploring new markets in Asia-Pacific and Africa.