By: Quiver EarningsTracker
Posted: 3 months, 2 weeks ago / Dec. 17, 2025 1:02 a.m. UTC
Enwave Corporation (ENW) — Q4 2025 Earnings
Enwave reported robust revenue and margin expansion in the quarter, but operating cash flow weakened and net income declined slightly year-over-year.
Performance highlights:
Total revenue of $4.47 million (up 64.1% year‑over‑year).Gross profit of $1.83 million (up 70.4% year‑over‑year).Operating profit of $746.18k (up 1,024.4% year‑over‑year), reflecting meaningful operating leverage.Net income attributable to common shareholders of $671.49k (down 16.4% year‑over‑year).Diluted earnings per share of $0.01 (flat year‑over‑year).Cash flow and investment:
Net cash from operating activities was negative -$1.52 million (down 184.3% year‑over‑year), indicating cash-generation pressure despite higher reported profits.Capital expenditures (purchases of property, plant and equipment) totaled -$95.9k (up 318.2% year‑over‑year), suggesting increased investment activity.Balance sheet and cost structure:
Cash and cash equivalents stood at $4.57 million (up 29.7% year‑over‑year), supporting short‑term liquidity.Total liabilities were $4.71 million (up 70.9% year‑over‑year), an increase that should be monitored alongside liquidity trends.Cost of sales was $2.63 million (reported change: -259.9% year‑over‑year), while gross margins expanded given the revenue increase.Overall, Enwave (ENW) delivered strong top-line growth and widening operating margins in Q4 2025, but the negative operating cash flow and the decline in net income underscore areas to watch as the company converts improved profitability into cash.
