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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100