Added to YB: 2026-05-29
Pitch date: 2026-05-27
ENW.V [neutral]
EnWave Corporation
-4%
current return
Author Info
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Company Info
EnWave Corporation designs, constructs, markets, and sells vacuum-microwave dehydration machinery for the food, cannabis, and biomaterial industries in Canada, the United States, and internationally.
Market Cap
CAD 29.7M
Pitch Price
CAD 0.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
-37.10
P/E
-11.61
EV/Sales
2.58
Sector
Machinery
Category
growth
EnWave: A Royalty Machine Stuck in First Gear
ENW.V (watchlist): Vacuum-microwave dehydration tech w/ 52 royalty licenses across 24 countries; patent moat but barely profitable. BranchOut scaling in retail, GEA pharma partnership (Merck-validated), new TELOA w/ $20B+ food co. Q2 rev -69% YoY, royalties flat-to-down at $434K. Risks: lumpiness, $3.3M cash vs burn, spec inventory bet. Trading 3-4x rev. Needs 2 consecutive royalty growth Qs to move from watchlist to portfolio.
Read full article (16 min)