Kent u de chatbox al? chat met andere beleggers


Enwave corporation

Beleggen in aandelen beurs China Shanghai Composite, Toronto, etc.

kopke1
Forum actieveling
Forum actieveling
Berichten: 281
Lid geworden op: 15 nov 2013 21:36
waarderingen: 124
Contacteer:

Re: Enwave corporation

Bericht door kopke1 »

VANCOUVER, British Columbia, May 27, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company"), announced today that it has successfully completed its first remote installation and start-up of a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine. In response to the global COVID-19 pandemic, and restrictions placed on international travel, the Company quickly developed procedures and digital training assets to assist its licensed partners with remotely supervised installation and commissioning of 10kW REV™ machines.

Earlier this month, the Company’s licensed partner Responsible Foods of Iceland, skillfully collaborated with the EnWave’s engineering department to commission its 10kW REV™ machine, EnWave’s first successful remote commissioning. This is a critical capability to support the commercial efforts of EnWave’s current and future partners, and will allow the Company to continue the global deployment of its proprietary REV™ technology without putting the health and safety of technical staff at risk.

EnWave’s remote installation program includes a series of detailed installation videos, live video partner training sessions and ongoing support from the Company’s technical staff and REV™ experts. EnWave is optimistic that the successful commissioning of Responsible Foods’ machine can be replicated with other partners wishing to expedite product development and commercial efforts during the COVID-19 pandemic.

The remote installation program also allows EnWave to develop new business while the ability to travel internationally remains restricted. Companies that sign Technology Evaluation and License Option Agreements (“TELOA”) or Commercial License Agreements (“CLA”) are now able to move forward with the installation of machinery and can continue to integrate REV™ technology into their production facilities.

Many companies in the food sector are looking to secure new revenue streams or to pivot from fresh food to shelf-stable alternatives. REV™ technology provides these companies with an option for prolonged shelf-life of their products by converting them into high-quality dried snacks and ingredients. Food waste has been a prominent issue facing the food industry during this pandemic. EnWave is well positioned to help companies realize commercially viable product alternatives to complement their fresh offerings. EnWave has a long-standing history of providing product development and process optimization services remotely to its international partners. The Company is committed to ensuring the safety of its employees and its partners while providing exemplary service and support.





Volg Beursig.com op Twitter en Facebook

     


Dromers
Forum verkenner
Forum verkenner
Berichten: 45
Lid geworden op: 07 feb 2019 15:19
waarderingen: 3
Contacteer:

Re: Enwave corporation

Bericht door Dromers »

EnWave verbetert de wereldwijde installatiemogelijkheden en voltooit de succesvolle inbedrijfstelling op afstand van een machine van 10 kW met een IJslandse partner
VANCOUVER, British Columbia, 27 mei 2020 (GLOBE NEWSWIRE) - EnWave Corporation (TSX-V: ENW | FSE: E4U) ("EnWave", of de "Company"), heeft vandaag aangekondigd dat het met succes zijn eerste afstandsbediening heeft voltooid installatie en opstarten van een 10 kW Radiant Energy Vacuum ("REV ™") uitdroging machine. Als reactie op de wereldwijde COVID-19-pandemie en beperkingen op internationale reizen, ontwikkelde het bedrijf snel procedures en digitale trainingsmiddelen om zijn gelicentieerde partners te helpen met op afstand gecontroleerde installatie en inbedrijfstelling van 10kW REV ™ -machines.

Eerder deze maand werkte de gelicentieerde partner van het bedrijf, Responsible Foods of Iceland, vakkundig samen met de technische afdeling van EnWave om de 10kW REV ™ -machine in gebruik te nemen, de eerste succesvolle externe inbedrijfstelling op afstand. Dit is een cruciaal vermogen om de commerciële inspanningen van EnWave's huidige en toekomstige partners te ondersteunen, en zal het bedrijf in staat stellen de wereldwijde inzet van haar gepatenteerde REV ™ -technologie voort te zetten zonder de gezondheid en veiligheid van technisch personeel in gevaar te brengen.

Het externe installatieprogramma van EnWave omvat een reeks gedetailleerde installatievideo's, live videopartnertrainingen en voortdurende ondersteuning door de technische staf van het bedrijf en REV ™ -experts. EnWave is optimistisch dat de succesvolle inbedrijfstelling van de machine van Responsible Foods kan worden gerepliceerd met andere partners die productontwikkeling en commerciële inspanningen tijdens de COVID-19-pandemie willen versnellen.

Het installatieprogramma op afstand stelt EnWave ook in staat nieuwe zaken te ontwikkelen, terwijl de mogelijkheid om internationaal te reizen beperkt blijft. Bedrijven die Technology Evaluation and License Option Agreements ("TELOA") of Commercial License Agreements ("CLA") ondertekenen, kunnen nu verder met de installatie van machines en kunnen de REV ™ -technologie blijven integreren in hun productiefaciliteiten.

Veel bedrijven in de voedingssector zijn op zoek naar nieuwe inkomstenstromen of willen overstappen van vers voedsel naar houdbare alternatieven. REV ™ -technologie biedt deze bedrijven een optie voor een langere houdbaarheid van hun producten door ze om te zetten in hoogwaardige gedroogde snacks en ingrediënten. Voedselverspilling is tijdens deze pandemie een belangrijk onderwerp geweest waarmee de voedselindustrie te maken heeft. EnWave is goed gepositioneerd om bedrijven te helpen commercieel levensvatbare productalternatieven te realiseren als aanvulling op hun nieuwe aanbod. EnWave heeft een lange geschiedenis in het leveren van diensten voor productontwikkeling en procesoptimalisatie op afstand aan haar internationale partners. Het bedrijf doet er alles aan om de veiligheid van zijn werknemers en partners te waarborgen en voorbeeldige service en ondersteuning te bieden.

kopke1
Forum actieveling
Forum actieveling
Berichten: 281
Lid geworden op: 15 nov 2013 21:36
waarderingen: 124
Contacteer:

Re: Enwave corporation

Bericht door kopke1 »

EnWave Announces 2020 Second Quarter
Consolidated Interim Financial Results



Vancouver, B.C. / May 29th, 2020

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave” or, the "Company"), today reports the Company’s consolidated interim financial results for the second quarter ended March 31, 2020.

Key Financial Highlights for Q2 (expressed in ‘000s):

• Revenue from EnWave in Q2 2020 was $2,169 compared to $2,009 in Q2 2019, an increase of $160 or 8%. The increase in revenue was due to higher Radiant Energy Vacuum (“REVTM”) machinery sales primarily in the food vertical.
• Revenue from NutraDried in Q2 2020 was $5,323 compared to $6,764 in Q2 2029, a decrease of $1,441 or 21%. NutraDried revenues were downwardly impacted by fewer rotations with Costco, partially offset by growth in the grocery and online channels.
• Gross margin for Q2 2020 was 25% compared to 36% for Q2 2019, with the lower gross margin driven by the change in sales mix between NutraDried’s higher margin revenues and EnWave’s typically lower margin machine sales.
• Consolidated net loss after taxes was $1,850 for Q2 2020 compared to a net loss $224 for Q2 2019. Adjusted EBITDA(*) was negative $1,462 for Q2 2020, compared to negative $743 for Q1 2020, an increase of $719. The decrease to Adjusted EBITDA(*) reflects investments in a larger sales and marketing function at NutraDried as part of the growth strategy for the Moon Cheese® brand.
• SG&A expenses (inclusive of R&D expenses) for Q2 2020 were a combined $3,835 compared to $2,502 for Q2 2019 and $4,236 for Q1 2020. SG&A expenses for Q2 2020 reflect a large investment in NutraDried’s sales and marketing function. We reduced SG&A expenses compared to Q1 2020 by a total of $401. At the end of March, the Company implemented a major cost containment plan across EnWave and NutraDried to reduce overhead while maintaining operations in response to COVID-19, which is further described below.
• Continue to maintain a strong balance sheet with a working capital surplus of $24,382 and cash position of $15,555. After implementing a significant cost containment plan at the end of March and in response to the COVID-19 pandemic, we are in a strong position to pursue growth across both segments of the business.

Impact of COVID-19 Pandemic:

As a result of the evolving COVID-19 outbreak that was declared a global pandemic by the World Health Organization on March 11, 2020, we have implemented a number of changes to how we work to protect the health and safety of our employees and their families. Starting in mid-March, all office staff that can complete their jobs remotely have been required to work from home until further notice. All essential staff within our operations have been supplied with and required to wear personal protective equipment, are following strict physical distancing requirements and we have instituted workplace sanitation procedures to prevent against the spread of COVID-19. To-date, both EnWave and NutraDried have maintained manufacturing operations without interruption.

The international travel restrictions imposed globally to contain the spread of the virus has had a material impact on EnWave’s international operations. EnWave’s business requires staff to travel internationally to procure new license agreements and to complete large-scale REVTM machine installations and training. Due to COVID-19, our ability to meet with prospective global partners and to complete the installations of additional royalty-bearing REVTM machines has been temporarily impaired. That being stated, our technical team has successfully developed remote installation and training programs for our 10kW REV™ machinery to mitigate the impact, but prolonged international travel restrictions will impact our ability to conduct our business.

COVID-19 has had an impact on the distribution channels for NutraDried’s products. Several states in the U.S. have issued stay-at-home orders, leading many non-essential retailers to close in following these orders, thus disrupting NutraDried’s distribution logistics. A number of NutraDried’s retail customers have closed stores temporarily, including all U.S. Starbucks locations, which has impacted purchase order volumes and patterns. Many retailers in the U.S. have been addressing supply chain issues with existing products and have put category reviews and new product evaluations temporarily on hold due to COVID-19. In the current environment, COVID-19 has challenged our ability to secure meetings with buyers to gain new points of distribution for Moon Cheese®, which causes delays in securing new distribution for the product.

The extent to which COVID-19 may impact our business will depend on future developments, which are highly uncertain and cannot be predicted with confidence, such as the geographic spread of the disease, the duration of the outbreak, business closures and disruptions, public health restrictions on travel and in-person interactions and the effectiveness of actions to contain the virus. We cannot presently predict with accuracy the duration, scope, or overall impact of COVID-19 on our business over time.

Cost Containment Strategy:

The negative impact of the COVID-19 pandemic and the macroeconomic conditions which we now face have influenced the Company to implement a significant cost containment strategy to preserve liquidity and reduce non-essential expenses across both business segments. Some of the policies and actions taken at the end of March 2020 include:

• Reduced headcount across EnWave and NutraDried for a combined total of 36 fewer FTEs, consisting of 19 NutraDried production positions and 17 EnWave positions from manufacturing and SG&A functions. We have re-prioritized the remaining roles within the business to continue to execute on our strategies.
• Eliminated the use of contractors and in-sourced several functions that were previously managed by external contractors to reduce expenses.
• Minimized the use of professional services and consultants and now require approval from the executive office for the use of any critical professional services or consulting services.
• Sub-leasing of under-utilized warehouse space at EnWave to reduce monthly fixed overhead.
• Cancelled all in-person tradeshow attendance for the remainder of 2020 and eliminated all international business travel expenses across the business.
• Reduced NutraDried’s marketing programming budget for the balance of the year and reallocated the reduced budget to channels expected to yield near-term results.

As a result of these cost containment strategies implemented starting in Q3 2020, the Company has reduced expenses (at an annual run rate) by approximately $4.7 million. EnWave has reduced annual expenses at a run rate of $1.9 million and NutraDried has reduced expenses at an annual run-rate of $2.8 million. The reductions have been made across all business functions, with approximately $1.9 million from functions relate to direct costs and $2.8 million out of SG&A functions. The reduction of expenses combined with the re-prioritization of the Company’s internal resources should allow for improved financial liquidity and has right-sized the level of overhead expenses in response to the macroeconomic environment.

Q2 Significant Accomplishments:

Significant accomplishments made during Q2 2020 and to the date of this report include:
• Signed a royalty-bearing commercial license agreement with KL Ballantyne Pty Ltd (“Ballantyne”), a leading family-owned Australian dairy producer. Ballantyne purchased a 10kW REV™ machine to initiate commercial production of several dairy ingredients and products developed for business to business sales in Australia and internationally.
• Signed a royalty-bearing commercial license agreement with Pacifico Snacks S.A.S. (“Pacifico Snacks”) and received a purchase order for a 10kW machine. Pacifico Snacks is a woman-owned Columbian producer of natural snacks with distribution to specialty retailers and for private label in North America. Pacifico plans to launch mango, pineapple and banana products using REVTM in 2020.
• Completed the installation of the third 120kW REVTM processing line for Milne MicroDried, our royalty partner in Idaho, U.S. Milne MicroDried produces a variety of premium quality dried fruit and vegetable products using EnWave’s technology, primarily for business to business sales, and pays EnWave a royalty based on a percentage of revenue generated from REVTM product sales.
• Signed a technology license and joint development agreement (the “JDA”) with GEA Lyophil GmbH, a global manufacturer and marketer of freeze-dry units for the pharmaceutical and biotech industries, to accelerate the potential commercialization of REV™ technology in the pharmaceutical industry.
• Entered into four new Technology Evaluation and License Option Agreements with companies that will rent 10kW REVTM machinery to evaluate the commercialization of new and innovative products that leverage the Company’s patented dehydration technology.
• Announced plans to begin the commercial deployment of REVTM technology into the U.S. cannabis vertical and are in talks with numerous U.S. cannabis companies to advance the development of this new market.
• Re-launched the Moon Cheese® brand with vastly improved packaging, branding, consumer messaging and digital assets. Moon Cheese® is now available in 10oz, 2oz and 1oz package sizes that have been customized to suit specific channels of distribution.
• Launched three new Moon Cheese® flavors: Bacon Cheddar, Garlic Parmesan and White Cheddar with Black Pepper.
• Redesigned the www.mooncheese.com website to be more interactive and consumer friendly, and more effective in communicating our core advantages, with a focus on growing the high-margin online sales of Moon Cheese®.

Non-IFRS Financial Measures: Adjusted EBITDA is not a measure of financial performance under IFRS. We define Adjusted EBITDA as earnings before deducting amortization and depreciation, stock-based compensation, foreign exchange gain or loss, finance expense or income, income tax expense or recovery and non-recurring impairment, restructuring, and severance charges. This measure is not necessarily comparable to similarly titled measures used by other companies and should not be construed as an alternative to net income or cash flow from operating activities as determined in accordance with IFRS. Please refer to the discussion included in the Company’s interim MD&A for the six months ended March 31, 2020.

marcator
Forum actieveling
Forum actieveling
Berichten: 573
Lid geworden op: 17 okt 2014 16:37
waarderingen: 410
Contacteer:

Re: Enwave corporation

Bericht door marcator »

Update van Cormark en nieuwe coverage door Raymond James :

EnWave (CVE:ENW) had its price target lowered by analysts at Cormark from C$1.35 to C$0.85. 16.4% upside from the current price of $0.73.

EnWave (CVE:ENW) was given a new C$1.20 price target on by analysts Raymond James. They now have a "market perform" rating on the stock. 64.4% upside from the current price of $0.73.

Read More:

www.baystreet.ca

marcator
Forum actieveling
Forum actieveling
Berichten: 573
Lid geworden op: 17 okt 2014 16:37
waarderingen: 410
Contacteer:

Re: Enwave corporation

Bericht door marcator »

eindelijk weer wat goed nieuws, diverse machine installaties (1 x 60 en 2 x 120 KW) in de cannabis industry geraken stilaan opgestart, evenals 2 kleinere REV's van 10 KW in Australie/NZ , wat inkomsten genereert.

ENW EnWave installs REV processing line for Green Organic - Canada Stockwatch

EnWave has installed a 60-kilowatt Radiant Energy Vacuum processing line for The Green Organic Dutchman Holdings Ltd. in Ontario.

The Company is working through the final stages of training TGOD personnel on the commercial use of EnWave's machinery
for the dehydration of cannabis and expects to begin accruing royalties henceforth. The installation and training were delayed due to the impacts of COVID-19, but with improving conditions, EnWave was able to send qualified personnel within Canada to complete this installation and training.

The Company is also in the final stages of fabricating two 120kW REV machines for Aurora Cannabis Inc. ("Aurora"). In early 2020, Aurora contracted EnWaveto make several upgrades to its two REV machines in order to satisfy revised requirements, which subsequently elongated the manufacturing timeline, but resulted in additional payments to the Company.

EnWave has also offered to complete remote 10kW REV machine installations to Cann Group in Australia and Helius Therapeutics in New Zealand, both current royalty partners. The Company hopes to confirm these installations in the near term.

REVTM Technology Business Development Update

The Company has continued to advance its sales and business development plan despite many of the headwinds presented by the global economic downturn propagated by the COVID-19 pandemic. Despite the challenges caused by COVID-19, the Company secured three new technology evaluation agreements with machine rentals through the last three months. There are several existing EnWave royalty partners that have 10kW machines installed under license that are evaluating the scale-up to larger REVTM machines, and the Company anticipates securing new purchase contracts for repeat and large-scale REV machines as the global economy begins to recover and international travel restrictions are lightened.

NutraDried Update

NutraDried has expanded its product offering of better-for-you, all-natural cheese snacks with the launch of a new white cheddar with black pepper flavour. The new flavour is currently being sold online and the Company plans to expand to retail distribution in the coming months.

NutraDried has also taken steps to leverage its manufacturing capabilities to produce shelf-stable cheese snacks for private label and ingredient opportunities. The Company has already secured several distribution opportunities for bulk shelf-stable cheese products and is pursuing a wide number of additional contract manufacturing opportunities for this new product offering. The contract manufacturing revenues will complement NutraDried's branded snack offerings to drive volume and create operating leverage with the objective of enhancing gross margin in that business unit.

Grant of Equity Incentive Instruments

The Company has granted an aggregate of 500,000 incentive stock options pursuant to the Company's Stock Option Plan (the "Plan") to certain directors and officers of the Company (the "Incentive Options"). The Incentive Options are exercisable at a price of $1.25 per share and are exercisable for a term of five years expiring on June 17, 2025. The Incentive Options have been structured with performance-based vesting conditions in accordance with the Plan, and will vest upon the later of a) eighteen months from the date of grant; or b) when the Company's share price on the TSX Venture Exchange ("TSXV") achieves a volume weighted average price ("VWAP") for twenty consecutive trading days of $1.50 or greater. The Incentive Options are subject to approval by the TSXV.

The Company has granted an aggregate of 260,000 restricted share rights pursuant to the Company's Restricted Share Rights Plan to certain directors and officers of the Company (the "RSRs"). The RSRs will vest three years from the date of award for each independent director, and will vest three years from the date of award and subject to the Company's share price on the TSXV achieving a VWAP for twenty consecutive trading days of $1.50 or greater for the senior management of the Company. If the VWAP vesting performance condition is not met within the three-year life of the instrument, then no common shares of the Company will be issued in respect of the RSRs. The RSRs are subject to approval by the TSXV.

The Company's Board of Directors consulted with a third-party executive compensation specialist to conduct a benchmarking study as part of the evaluation and approval process for the equity incentive instruments. The resulting performance-based vesting conditions implemented were designed to create proper alignment between management incentives and creating shareholder value.
HoubyTelli liked last!

Dromers
Forum verkenner
Forum verkenner
Berichten: 45
Lid geworden op: 07 feb 2019 15:19
waarderingen: 3
Contacteer:

Re: Enwave corporation

Bericht door Dromers »

Denk niet dat dit genoeg is. Bedrijf is nog te onbekend en er is totaal geen interesse, kijk maar naar de volumes de laatste weken.

marcator
Forum actieveling
Forum actieveling
Berichten: 573
Lid geworden op: 17 okt 2014 16:37
waarderingen: 410
Contacteer:

Re: Enwave corporation

Bericht door marcator »

Neen inderdaad , geen nieuws over nieuwe machineverkopen.

Ik hou mijn hart vast voor de MoonCheese omzetdaling over April-Juni , maar anderzijds heeft Enwave een forse kostenbesparing aangekondigd van 4.7 Mcad, die de lockdown verkoopsdaling hopelijk kan compenseren.

Goed nieuws is toch ook dat ze nu ook een B2B netwerk uitbouwen voor fabrikanten die mooncheese in hun eigen producten willen verwerken.

kopke1
Forum actieveling
Forum actieveling
Berichten: 281
Lid geworden op: 15 nov 2013 21:36
waarderingen: 124
Contacteer:

Re: Enwave corporation

Bericht door kopke1 »

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave” or, the "Company"), announced today that it has signed an Equipment Purchase Agreement with Calbee, Inc. (“Calbee”), a leading global snack manufacturing company, to commission an additional two 10kW Radiant Energy Vacuum (“REV™”) dehydration machines in Japan. The addition of the two 10kW REV™ machines will significantly expand Calbee’s commercial manufacturing capacity to launch its new line of REV™-based snack products.

Calbee has successfully developed several “better-for-you” snack products internally using REV™ technology and intends to intensify its commercial efforts throughout 2020, focusing on premium, healthy fruit and vegetable snack products.

Calbee entered into a royalty-bearing commercial license agreement with EnWave approximately one year ago, and the purchase of the two additional REV™ machines demonstrates the commercial value of using EnWave’s proprietary technology for producing premium snack products.

Calbee continues to have the exclusive rights to commercialize EnWave’s REV™ food dehydration technology for the development of several premium, healthy fruit and vegetable snack products and ingredients in the country of Japan. The installation of the two additional 10kW machines will triple the royalty-bearing production capacity of Calbee in Japan.
marcator liked last!

maartenverhoeve
Forum veteraan
Forum veteraan
Berichten: 1408
Lid geworden op: 02 jan 2012 21:42
waarderingen: 278
Contacteer:

Re: Enwave corporation

Bericht door maartenverhoeve »

0,95 cad ondertussen.

:clap: :lol: :o :roll:
In port; Enwave, Ageas, Western Cop, Retail estate, RDS, kbca, roularta, Tessenderlo.,oci, Forfarmers, American airlines en veel arrowhead pharma....

belegsel
Forum gebruiker
Forum gebruiker
Berichten: 108
Lid geworden op: 31 jul 2019 19:11
waarderingen: 94
Contacteer:

Re: Enwave corporation

Bericht door belegsel »

Wow !!! What's happening ?

Deelnemen aan het forum + meer functies?

Discussieer met duizenden beleggers, minder
advertenties, ideaal voor smartphone, betere
gebruikservaring en gratis abonneren op favoriete
onderwerpen. Registreer binnen 1 minuut!


Plaats reactie