Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. 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 vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp.

TSXV:ENW - Post by User

Enwave Corp > YE Sept 2021 FS out

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Comment by Ciaoon Dec 15, 2021 6:59pm

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Post# 34234911

RE:YE Sept 2021 FS out

Slight drop in rev from Q3 to Q4. Gross margins about the same Q to Q and markedly improved Y to Y. Key increase in loss was due to G&A, likely from legal expenses to deal with past employees venture into a competing business. issue.

"G&A expenses for the three months ended September 30, 2021 were $1,718 compared to $939 for the three months ended September 30, 2020, an increase of $779. The increase to G&A for the period is primarily due to EnWave’s higher personnel costs, insurance costs and legal expenses."

A lot of catalysts are possible in the coming months as noted in the Radius Research interview.

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