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Eco Wave Power Global AB (publ) (OQ:WAVE)

Business Focus: N/A

Sector:  Utilities Industry:  Electric Utilities
 
Company Contact
Address: 7A Strandvagen
STOCKHOLM 114 56
Tel: N/A
Website: https://www.ecowavepower.com
IR: See website
Key People
Inna Braverman
Chief Executive Officer, Director
Aharon Yehuda
Chief Financial Officer
Avi Waller
Chief Operating Officer
Business Overview
Eco Wave Power Global AB (publ), formerly EWPG Holding AB (publ), is a Sweden-based renewable energy company. The Company develops technology for production of clean electricity from ocean and sea waves.
Financial Overview
For the fiscal year ended 31 December 2023, Eco Wave Power Global AB (publ) revenues increased from $26K to $306K. Net loss decreased 41% to $1.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative expenses decrease of 22% to $1.8M (expense), Selling/General/Admin Expense decrease of 42% to $519K (expense).