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EnWave Corporation (V:ENW)

Business Focus: Industrial Machinery & Equipment

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 1668 Derwent Way Unit 1
Tel: N/A
IR: See website
Key People
John P. A. Budreski
Executive Chairman of the Board
Brent Charleton
President, Chief Executive Officer, Director
Daniel Stephen Henriques
Chief Financial Officer, Secretary
Mike Pytlinski
Chief Executive officer of NutraDried
Business Overview
Enwave Corp is a Canada-based advanced technology company, which has developed Radiant Energy Vacuum (REV), an method for the precise dehydration of organic materials. REV technology's commercial viability has been demonstrated and is growing across several market verticals in the food, cannabis, and pharmaceutical sectors. The Company has signed over twenty royalty-bearing licenses, opening up a number of distinct market sectors for commercialization of new products. The Company has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell natural cheese snack products in the United States under the Moon Cheese brand. The Company has three commercial REV platforms: NutraREV, which is used in the food industry to dry food products; PowderREV, which is used for the bulk dehydration of food cultures, probiotics and biochemicals, such as enzymes below the freezing point; QuantaREV, which is used for continuous drying.
Financial Overview
For the nine months ended 30 June 2021, EnWave Corprevenues decreased 11% to C$19.6M. Net loss decreased 33%to C$3M. Revenues reflect Product Sales decrease of 20% toC$11M, Other Rev from Biz Related Activ. decrease of 9% toC$655K, Royalty Income - Business decrease of 2% to C$674K.Lower net loss reflects Sales and Marketing decrease of 30%to C$3.7M (expense), General and administration decrease of25% to C$3.4M (expense).
Employees: 26 as of Sep 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $112.28M as of Jun 30, 2021
Annual revenue (TTM): $30.35M as of Jun 30, 2021
EBITDA (TTM): -$2.16M as of Jun 30, 2021
Net annual income (TTM): -$2.99M as of Jun 30, 2021
Free cash flow (TTM): $1.16M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 111,705,055 as of Sep 23, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization