EnWave Q2 FY23 Revenue Grows 209% YoY, Here Are The Details
Portfolio Pulse from Vuk Zdinjak
EnWave Corporation reported Q2 FY23 revenue of CA$4.6 million ($3.4 million), a 209% YoY increase. Gross margin increased 302% to CA$2.3 million, while net loss was CA$2.7 million. Adjusted EBITDA was CA$1.2 million, up 211% compared to Q2 2022.
May 26, 2023 | 1:35 pm
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EnWave's Q2 FY23 revenue increased 209% YoY, with significant growth in gross margin and adjusted EBITDA.
EnWave's Q2 FY23 results show strong revenue growth of 209% YoY, which is likely to positively impact the stock price. The company also reported significant improvements in gross margin and adjusted EBITDA, indicating better operational efficiency and profitability.
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