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EnWave Reports 2025 Fourth Quarter and Annual 2025 Consolidated Financial Results
EnWave's fiscal 2025 revenue rose 69% to $13.8 million, driven by higher machine sales and expanded capacity, generating positive Adjusted EBITDA of $309,000.
- On Dec. 15, 2025, EnWave Corporation reported consolidated revenue of $13,829 for the year ended September 30, 2025, up $5,648 versus 2024.
- Higher machine sales and contracts drove revenue growth, supported by increased equipment construction contracts and tolling fees plus a favourable production mix of large and small REV machines for EnWave Corporation.
- Adjusted EBITDA for the year ended 2025 was $309, reversing a $1,489 loss in 2024, while Q4 2025 Adjusted EBITDA was $1,407 and Q4 revenue was $6,219.
- EnWave Corporation commissioned one large and six small machines, sold a refurbished 120kW machine, signed deals with Milne MicroDried, Dairy Concepts, Shinyway, and closed a private placement raising $3,000.
- EnWave cautioned that forward‑looking statements involve risks, noting that total royalty revenue for 2025 was $1,945, down $16 or 1%, despite Base Royalties increasing to $4,831, and an existing partner declining exclusivity in an unspecified Central American country.
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Leaning Left12Leaning Right2Center1Last UpdatedBias Distribution80% Left
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