Net loss from continuing operations was C$1.11 million or C$C0.01 per share in Q1, versus a loss of C$0.9 million in the same period of fiscal 2025. Gross margin for the quarter was 37%, compared to 29% for the three months ended Q1 2025. The improvement mainly reflects higher royalties and the production mix of large machines at various stages of commissioning and fabrication.
Adjusted EBITDA for the quarter was a loss of C$0.58 million, slightly higher than in the comparable period in the prior year. During the quarter, EnWave signed a CLA with Gowen Gumlu Grower’s Association in North Queensland, Australia.
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