EnWave posts Q3 revenue growth as royalties climb

Tech Software & Services Written by: Angela Harmantas 09:30 Fri 21 Aug 2026 --> Proactive has a commercial relationship with EnWave Corp. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. EnWave Corp ( TSX-V:ENW OTC:NWVCF ) View Price & Profile EnWave posts Q3 revenue growth as royalties climb Published: 09:30 21 Aug 2026 EDT EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) delivered stronger quarterly results, with a large-scale equipment sale and rising royalties driving revenue growth and a sharply narrower loss. The Vancouver-based dehydration technology company reported third-quarter revenue of $3.3 million, up $569,000 from the same period last year, driven by the sale of a fully fabricated large-scale machine that had been held in inventory, along with higher royalties. Base royalties, which exclude exclusivity payments, rose 24% to $536,000 in the quarter on higher product sales and partner production. Gross margin improved to 25% from 19% a year earlier, helped by lower fabrication costs tied to fewer large-scale machines on contract. Selling, general and administrative costs, including research and development, fell $205,000 from the year-ago quarter, as lower personnel and third-party commission costs offset higher professional development fees and tradeshow attendance. Adjusted EBITDA loss narrowed to $93,000, an improvement of $482,000 from the prior year. For the nine months ended June 30, 2026, revenue totaled $6.1 million, down $1.5 million from the comparable period on fewer machine sales. Base royalties for the nine-month period rose 10% to $1.5 million, while total royalty revenue climbed 10% to $1.6 million, reflecting growth in royalty partners, product sales, partner production and exclusivity payments. Adjusted EBITDA loss for the nine-month period was $1.5 million, a decrease of $355,000 from the comparable period. EnWave also highlighted several commercial agreements signed during and after the quarter. The company signed an equipment purchase agreement with Procescir for a second 120kW REV machine, and technology evaluation and license option agreements with Swiss Cannabis Selection and one of the world's largest multinational food companies. It also signed a commercial license agreement and equipment purchase agreement for a 10kW REV machine with Egyptian food processing company The Dry Hub, and a research and development license agreement with Rhizome Food and Farming, a North American food company led by chef Dan Barber, which acquired a 3.6kW REV machine for commercial and product development. Subsequent to the quarter, EnWave signed a research and development license agreement with the University of Limerick in Ireland, which acquired a small-scale REV machine to support research and product development. Continue reading