Enablence Technologies Inc. (TSXV: ENA), an Ottawa-based provider of optical chips and subsystems, has reported its financial results for the fourth quarter and fiscal year ended June 30, 2026, recording full-year revenue of $8.1 million — up 37% year over year. The company also achieved two consecutive quarters of positive gross margin and surpassed 4,000 wafer starts per month. For fiscal year 2027, Enablence issued guidance calling for revenue of between US$19.0 million and US$21.0 million, representing growth of approximately 150% at the midpoint, making this announcement a significant milestone for investors tracking the company's operational turnaround.

Key Points

  • Enablence Technologies Inc. (TSXV: ENA) reported full fiscal year 2026 and Q4 2026 financial results on October 22, 2026.
  • Full-year revenue rose 37% to $8.1 million; Q4 revenue grew 38% year over year to $2.9 million, with Q4 gross margin turning positive at 8.0%.
  • FY2027 revenue guidance set at US$19.0–US$21.0 million; gross margin expected between 25% and 35%; Q1 FY2027 revenue guidance of approximately US$4.0 million.
  • Investors may be watching progress at both the Fremont, California and Vietnam manufacturing facilities as capacity constraints are expected to ease in the second half of FY2027.

Enablence's Fiscal 2026 Revenue and Margin Trajectory

Full-year revenue for the fiscal year ended June 30, 2026 reached $8.1 million, compared to $5.9 million in the prior year — a 37% increase. Gross margin improved from negative 40% to negative 16%, a gain of 24 percentage points year over year. The operating loss widened to $12.7 million from $11.4 million, driven primarily by increased research and development investment. Net loss for the year was $22.5 million, compared to $18.2 million in the prior year, with higher taxes and interest expenses identified as the primary contributing factors.

Q4 Fiscal 2026 Marks Return to Positive Gross Profit

The fourth quarter showed meaningful sequential improvement. Revenue of $2.9 million represented a 38% increase from $2.1 million in Q4 of fiscal 2025. Gross profit was $0.2 million versus a loss of $0.6 million a year earlier, with gross margin reaching 8.0% compared to negative 28.2% in the same quarter last year — an improvement of 36 percentage points. The quarterly operating loss narrowed slightly to $2.9 million from $3.1 million, while the net loss was $6.0 million compared to $5.8 million in the year-ago period.

Enablence Issues Fiscal 2027 Revenue and Capacity Guidance

The company issued full-year FY2027 revenue guidance of between US$19.0 million and US$21.0 million and expects gross margin to reach between 25% and 35%. The company also anticipates surpassing 1,200 wafer starts per week by the end of Q2 FY2027. For Q1 FY2027 specifically, management guided for revenue of approximately US$4.0 million. The release states demand continues to outpace available wafer capacity, and that the qualification of a second production facility in Vietnam, expected in the second half of FY2027, is intended to address this constraint.