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FINWIRES

EnWave Q3 Net Loss Narrows as Revenue Climbs

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EnWave (ENW.V) said Friday that third-quarter net loss narrowed as revenue advanced.

The company, which manufactures dehydrating equipment for industry, reported a loss of C$0.5 million, or nil per share, compared with a loss of C$1.2 million, or C$0.01 per share, in the prior year period.

Revenue rose 21% to C$3.3 million, from C$2.7 million, over the same period. EnWave said the increase was due to the sale of a large- scale machine that had been fully fabricated and held in inventory in prior periods, and higher royalties.

EnWave shares were last seen down C$0.01 to C$0.225 on the TSX Venture Exchange.

Price: $0.23, Change: $-0.01, Percent Change: -4.26%

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