Eco Wave Power Global AB reported its financial results for the nine months ended September 30, 2025, showing a net loss of $2.888 million and revenue of $200,000. The company’s earnings per share of $‑0.085 beat the consensus estimate of $‑0.150, a $0.065 improvement that reflects disciplined cost management amid a period of heavy investment.
The loss widened 52% from the $1.9 million net loss reported for the second quarter, indicating that the company’s operating expenses are growing faster than its revenue. Revenue, however, doubled from $100,000 in Q2 to $200,000 in Q3, yet it still fell short of the $400,000 consensus estimate, underscoring the challenge of scaling a nascent technology while maintaining profitability.
Operating expenses rose to $888,000, an 8% increase quarter‑over‑quarter. The increase was largely driven by a targeted boost in sales and marketing spend to support the company’s expanding global footprint, while research and development and general & administrative costs fell, partially offsetting the overall expense growth.
Cash and short‑term deposits at the end of September totaled $6.85 million, giving the company a solid liquidity cushion to fund its ongoing investment phase and support projects in the United States, Portugal, Taiwan, and India.
CEO Inna Braverman highlighted the quarter as a period of “significant operational progress and international recognition,” noting that the company continues to advance its mission of delivering reliable, clean wave‑energy solutions while maintaining a strong financial foundation. The company’s pilot project at the Port of Los Angeles and new initiatives in Portugal, Taiwan, and India illustrate its strategy to capture early‑mover advantage in key markets.
Investors responded positively to the earnings release, citing the EPS beat and the company’s continued investment in global projects. While the revenue miss and widening net loss signal short‑term headwinds, the company’s robust cash position and strategic expansion suggest a long‑term confidence in the commercial viability of its wave‑energy technology.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.