EnWave Corporation (NWVCF) Q3 2025 Earnings Call Transcript

EnWave Corporation (OTCPK:NWVCF) Q3 2025 Earnings Conference Call August 22, 2025 10:00 AM ET

Company Participants

Brent Charleton – CEO, President & Director
Dylan Murray – CFO & Corporate Secretary

Operator

Greetings, and welcome to the EnWave Corporation Q3 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It’s now my pleasure to turn the call over to CEO, Brent Charleton. Please go ahead.

Brent Charleton

Thanks very much, and good morning to everyone who has joined us today for EnWave Q3 fiscal 2025 quarterly conference call. We are pleased with the performance in Q3 with modest improvements year-over-year and consistent revenue quarter-to-quarter as a result of the initial manufacturing and fabrication of two 60-kilowatt machines during the period. Thus far, in Q4, we have continued to expedite completion of the 60-kilowatt machines for our royalty partner, MicroDried, and we’re likely to recognize many 10-kilowatt units that are planned for commissioning prior to September 30. Further, we are optimistic regarding additional REV equipment purchase orders, which I’ll discuss in more detail momentarily.

As always, the information we will present today contains forward-looking information that is based on our management’s expectations, estimates and projections. Our statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Please consider the risk factors in the filings made by EnWave on SEDAR when reviewing this information. Also, all amounts discussed today will be in Canadian dollars, unless otherwise noted.

EnWave’s third quarter was solid, and we anticipate improvement in Q4, if we were able to transact on a large-scale REV machine opportunity that we are currently negotiating. Given that we’ve already begun the fabrication of a 100-kilowatt nutraREV machine and have bought back 120-kilowatt quantaREV unit from a U.S. cannabis company, which has already been refurbished to good as new, there