Sector: Industrials | Industry: Industrial Machinery & Equipment |
Company Contact | |
Address: | Unit 1 - 1668 Derwent Way DELTA BC V3M 6R9 |
Tel: | N/A |
Website: | https://www.enwave.net |
IR: | See website |
Key People | ||
John P. A. Budreski Executive Chairman of the Board | Brent Charleton President, Chief Executive Officer, Director | Dylan Murray Chief Financial Officer, Corporate Secretary |
Business Overview |
EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp. |
Financial Overview |
For the three months ended 31 December 2023, EnWave Corp revenues decreased 55% to C$1.3M. Net loss before extraordinary items increased 54% to C$1.1M. Revenues reflect Other Rev from Biz Related Activ. decrease of 97% to C$59K, Equipment sales decrease of 72% to C$78K. Higher net loss reflects Research and development (note 19) increase of 1% to C$401K (expense). |
Employees: | 31 as of Sep 30, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $27.22M as of Dec 31, 2023 |
Annual revenue (TTM): | $9.84M as of Dec 31, 2023 |
EBITDA (TTM): | -$0.09M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.98M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1.02M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 110,805,055 as of Mar 13, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |