EnWave Corporation reports stronger Q2 results and expands pet treat licensing agreement

Proactive - Interviews for investors

EnWave Corporation CEO Brent Charleton joined Steve Darling from Proactive to share the company’s Q2 interim financial results, highlighting stronger revenue driven by a large-scale machine sale and the commissioning of two small-scale units. The company also reported an improved gross margin of 33%. Gross margins improvement is a trend Charleton attributed to a better balance between royalty income and machine sales. He noted that royalties, being almost pure margin, are expected to continue bolstering profitability. Charleton also announced an amendment to EnWave’s royalty-bearing license agreement with Creations Foods US, originally focused on dried cheese snacks for human consumption. The updated agreement now includes the non-exclusive right to produce dried cheese snacks for pet treat applications in the U.S. using EnWave’s Radiant Energy Vacuum (REV™) technology. Creations Foods has already secured several pet treat customers and sees strong potential for growth in the pet food industry. EnWave expects that increased demand could lead to expanded manufacturing capacity by Creations in future quarters. Additionally, EnWave is actively seeking new licensed partners in the pet treat and food sectors. In April, the company’s sales team engaged multiple qualified leads while exhibiting at the Pet Food Forum in Kansas City, Missouri. #proactiveinvestors #enwavecorporation #tsxv #enw #DehydrationTech #VacuumMicrowave #RoyaltyBusinessModel #BluechipClients #FoodTech #BusinessNews #Investing #RadiantEnergyVacuum #Agritech #Procescir #DehydrationTechnology #FoodInnovation #SupplyAgreement #InvestmentNews #ProactiveInvestors