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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 six months ended 31 March 2021, EnWave Corprevenues decreased 24% to C$12.2M. Net loss increased 12%to C$3.7M. Revenues reflect Product Sales decrease of 23%to C$7.2M, Other Rev from Biz Related Activ. decrease of23% to C$495K, Royalty Income - Business decrease of 12% toC$483K. Higher net loss reflects Foreign exchange loss(gain) increase from C$293K (income) to C$279K (expense),Finance expense (income).
Employees: 26 as of Sep 30, 2020
Reporting Currency: Canadian Dollars
Enterprise value: $97.04M as of Mar 31, 2021
Annual revenue (TTM): $29.00M as of Mar 31, 2021
EBITDA (TTM): -$3.90M as of Mar 31, 2021
Net annual income (TTM): -$4.82M as of Mar 31, 2021
Free cash flow (TTM): $0.55M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 111,668,555 as of Jul 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization