Enwave Corp
XTSX:ENW
Enwave Corp
EnWave Corp. is a technology company, which develops Radiant Energy Vacuum (REV), a proprietary method for the dehydration of organic materials. The company is headquartered in Delta, British Columbia and currently employs 33 full-time employees. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. Its REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its REVworx toll drying services provide the benefits of REV drying technology without the need for in-house processing or capital investments. REV technology is offered across several market verticals in the food and pharmaceutical sectors, including legal cannabis. The firm offers two commercial REV platforms: nutraREV, which is a drum-based system that dehydrates organic materials while maintaining nutrition, taste, texture and color, and quantaREV, which is a tray-based system used for continuous drying.
EnWave Corp. is a technology company, which develops Radiant Energy Vacuum (REV), a proprietary method for the dehydration of organic materials. The company is headquartered in Delta, British Columbia and currently employs 33 full-time employees. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. Its REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its REVworx toll drying services provide the benefits of REV drying technology without the need for in-house processing or capital investments. REV technology is offered across several market verticals in the food and pharmaceutical sectors, including legal cannabis. The firm offers two commercial REV platforms: nutraREV, which is a drum-based system that dehydrates organic materials while maintaining nutrition, taste, texture and color, and quantaREV, which is a tray-based system used for continuous drying.
Revenue Growth: EnWave reported Q1 2026 revenue of $1.6 million, up 36% from the prior year Q1.
Royalty Expansion: Total royalty revenue rose 12% to $627,000, with base royalties up 18% year-over-year.
Gross Margin Improvement: Gross margin increased to 37% from 29% a year ago, attributed to higher royalties and production mix.
Pipeline Strength: Management remains confident in equipment order targets and royalty guidance for fiscal 2026, citing a strong sales pipeline and multiple advanced-stage evaluations.
Inventory Investment: The company is using recent financing to increase inventory of large-scale machines, expecting faster revenue recognition as these are completed and sold.
No Immediate Cash Concerns: Management does not anticipate the need for further financings in the near term, citing confidence in converting inventory to cash.
