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Company price
0.18 CAD -0.01 ( 5.26%)
Last update at 2026-11-03T19:27:00Z
VOLUME
298200
Market Cap
30.27M

Momentum Score

…

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries in Canada, the United States, and internationally. The company licenses radiant energy vacuum (REV) technology that applies microwave energy under vacuum for drying food products, cannabis, biomaterials, and pharmaceutical products and ingredients. It offers nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, semi-solid, granular, or encapsulated food or cannabis products. The company also provides freezeREV for the dehydration of biomaterial and pharmaceutical products; and REVworx, which offers toll manufacturing services for a range of food products. EnWave Corporation is headquartered in Delta, Canada.

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Day Price Range
0.18
Low
0.19
High
52 Week Price Range
0.25
Low
0.55
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

EnWave Corporation develops and licenses the Radiant Energy Vacuum (REV) dehydration technology used to dry foods, pharmaceuticals and nutraceuticals with minimal heat, earning revenue from equipment, license fees and royalties. Long-term growth could be supported by wider REV adoption by food processors, scaling of licensees and international and adjacent market expansion, giving investors exposure to recurring royalty streams from its intellectual property.
Principal risks include reliance on licensee commercial success for royalties, competition from other drying methods, regulatory constraints, and limited profitability that may hinder execution.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.19
Dividend Yield
-
Revenue TTM
14.25M
Revenue Per Share
0.13
Gross Profit TTM
4.89M
Debt / Equity
-
ROE
-17.42%
Net Debt
-
ROCE
-9.39%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -1.53M -2.35M -1.58M -2.64M -4.83M
Net income -0.42M -2.40M -6.51M -6.93M -4.12M
Selling general administrative 4.46M 4.06M 4.15M 5.97M 10.57M
Gross profit 4.64M 2.66M 4.43M 5.18M 7.17M
Reconciled depreciation 1.26M 1.16M 1.12M 1.10M 2.51M
Ebit - - - - -5.50M
Ebitda - - - - -1.64M
Operating income -1.34M -2.90M -1.29M -2.91M -4.16M
Interest expense 0.30M 0.14M 0.13M 0.12M 0.00M
Tax provision 0.00M 0.00M 0.00M 0.00M -0.71M
Interest income 0.08M 0.21M 0.18M 0.14M 0.01M
Net interest income -0.22M 0.07M 0.06M 0.03M 0.01M
Income tax expense - - - - -0.71M
Total revenue 13.83M 8.18M 11.36M 11.05M 26.48M
Total operating expenses 15.17M 11.08M 12.66M 13.96M 30.63M
Cost of revenue 9.19M 5.52M 6.93M 5.87M 19.31M
Total other income expense net 0.02M 0.48M -0.34M 0.24M -0.68M
Net income from continuing ops -1.53M -2.35M -1.58M -2.64M -4.12M
Net income applicable to common shares - - - - -4.12M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 18.55M 13.15M 16.03M 25.85M 30.64M
Intangible assets - - 0.00M 0.02M 0.21M
Other current assets - - - - 0.29M
Total liab 6.55M 3.73M 4.47M 8.22M 7.65M
Total stockholder equity 11.99M 9.42M 11.56M 17.63M 22.99M
Other current liab - - 0.13M 0.01M 1.63M
Common stock - - - - 79.27M
Capital stock 82.76M 79.97M 79.81M 79.56M 79.27M
Retained earnings -84.00M -83.58M -81.19M -74.67M -67.75M
Other liab - - - - 0.01M
Other assets - - - - 0.36M
Cash 6.36M 4.76M 4.17M 6.20M 11.79M
Total current liabilities 4.30M 2.73M 3.50M 6.62M 6.62M
Short long term debt 0.38M - - 0.00M -
Other stockholder equity - - - - 1.23M
Property plant equipment - - - - 5.94M
Total current assets 13.99M 9.94M 12.08M 18.00M 24.13M
Net tangible assets - - - - 22.78M
Net receivables 0.93M 0.64M 1.18M 1.98M 2.13M
Long term debt - - - 0.22M 0.19M
Inventory 1.40M 2.70M 3.35M 6.62M 5.72M
Accounts payable 2.08M 0.93M 0.71M 1.39M 1.75M
Non currrent assets other - - 0.00M - -
Non current assets total 4.55M 3.21M 3.96M 7.85M 6.51M
Capital lease obligations 2.73M 1.57M 1.38M 2.20M 1.59M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments - -0.12M 1.36M -2.52M -1.82M
Change to liabilities - - - - -2.94M
Total cashflows from investing activities - - - - -1.82M
Net borrowings -0.23M - - - -1.19M
Total cash from financing activities 2.18M -0.69M -0.38M -0.53M -2.93M
Change to operating activities - - - - -1.48M
Net income -0.42M -2.40M -6.51M -6.93M -4.12M
Change in cash 0.51M 0.32M -1.94M -2.37M -2.92M
Begin period cash flow 4.76M 4.17M 6.20M 11.79M 14.71M
End period cash flow 6.36M 4.76M 4.17M 6.20M 11.79M
Total cash from operating activities -0.54M 1.39M -2.51M -2.26M 2.04M
Issuance of capital stock 3.00M - - - -
Depreciation 1.26M 1.16M 1.12M 1.10M 2.49M
Other cashflows from investing activities - - - - 0.16M
Dividends paid 0.00M 0.00M 0.00M 0.00M 0.00M
Change to inventory 1.39M 0.67M 0.33M -0.77M 0.65M
Change to account receivables -0.28M 0.14M -0.00M 0.09M 6.90M
Sale purchase of stock - - - 0.00M -1.86M
Other cashflows from financing activities - - - - -0.27M
Change to netincome - - - - 0.52M
Capital expenditures 0.11M 0.22M 0.05M 1.81M 1.99M
Change in working capital -1.94M 2.13M -2.00M 0.29M 3.13M
Stock based compensation 0.39M 0.25M 0.56M 1.13M 0.82M
Other non cash items 0.22M -0.07M -0.06M -0.03M -0.01M
Free cash flow -0.65M 1.17M -2.56M -4.07M -0.02M

Peer Comparison*

Sector: Industrials Industry: Specialty Industrial Machinery

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
ENW
EnWave Corporation
-0.01
5.26%
0.18 - 163.93 2.12 2.93 2.28 1261.63
NXH
Next Hydrogen Solutions Inc.
-
-%
0.40 - - 12.36 3.50 9.38 -0.35
REKO
Reko International Group Inc
0.70
14.00%
5.70 18.00 10.82 0.64 0.61 0.46 3.64
CTEK
CLEANTEK Industries Inc
-0.02
2.99%
0.65 11.00 - 1.46 11.19 2.40 6.55
TLA
Titan Logix Corp.
0.03
5.32%
0.49 - - 2.31 0.86 0.49 13.17

Profile*

EnWave Corporation

EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries in Canada, the United States, and internationally. The company licenses radiant energy vacuum (REV) technology that applies microwave energy under vacuum for drying food products, cannabis, biomaterials, and pharmaceutical products and ingredients. It offers nutraREV for dehydration of fruits, vegetables, herbs, dairy products, meats, and seafood; and quantaREV designed for low-temperature dehydration of solid, semi-solid, granular, or encapsulated food or cannabis products. The company also provides freezeREV for the dehydration of biomaterial and pharmaceutical products; and REVworx, which offers toll manufacturing services for a range of food products. EnWave Corporation is headquartered in Delta, Canada.

1668 Derwent Way, Delta, BC, Canada, V3M 6R9

604-806-6110

27

Name Title Year Born
Mr. John Philip Adrian Budreski B.E., M.B.A. Executive Chairman 1958
Mr. Brent Charleton B.A., C.F.A., CFA, CSC, Dip.Tech. CEO, President & Director NA
Mr. Dylan Murray C.A., CPA CFO & Corporate Secretary NA
Dr. John Zhang Ph.D. Chief Scientific Officer NA
Ms. Danna Dunnage Vice President of Global Sales & Business Development NA
Mr. Mehmet Sucu P.Eng. Chief Engineer NA
Mr. Brent Charleton B.A., C.F.A., CSC, Dip.Tech. CEO, President & Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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