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EarningsQ1 2026 Earnings Report
WAVE Q1 2026 EPS Results
Actual EPS-$0.12
Consensus EPS-$0.14
Beat/MissBeat by +$0.02
One Year Ago EPS-$0.09
WAVE Q1 2026 Revenue Results
Actual Revenue$0.00
Expected Revenue$0.00
Beat/MissMet expectations
YoY Revenue Growth―
Earnings Announcement Details
QuarterQ1 2026
Date05/07/2026
TimeBefore Open
Conference CallThursday, May 7, 2026
WAVE Upcoming Earnings
Eco Wave Power Global's next earnings date is estimated for November 16, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q1 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call reflects positive operational and strategic progress: disciplined cost reductions, an improved operating loss, a USD 5.3M liquidity position and multiple advancing international projects (Israel, U.S., Portugal, Taiwan, India, South Africa), along with meaningful visibility related to AI infrastructure (NVIDIA mention, NREL recognition). Offsetting these positives is a material increase in net loss (~38% YoY) driven by foreign exchange headwinds, modest decline in other income, and the continued need to convert pilots and feasibility work into larger commercial contracts to move from demonstration to scale.Company Guidance
Operating Expense Reduction and Cost Discipline
Operating expenses for Q1 2026 were approximately USD 682,000, an 11% decrease year-over-year driven by lower R&D, sales & marketing and G&A costs; R&D fell to ~USD 140,000 (down ~23% vs. USD 181,000), sales & marketing to ~USD 71,000 (down ~8% vs. USD 77,000), and G&A to ~USD 499,000 (down ~7% vs. USD 539,000).
Improved Operating Loss
Operating loss improved to approximately USD 682,000 in Q1 2026 from USD 765,000 in Q1 2025, an improvement of ~11% year-over-year.
Solid Liquidity Position
As of March 31, 2026, the company held approximately USD 5.3 million in total liquidity (cash, cash equivalents and short-term bank deposits), which management describes as a solid financial foundation to advance projects and initiatives.
Successful In‑field Demonstration in Israel
EWP-EDF One in Jaffa continued operating as Israel's first grid-connected wave energy power station with stable performance and strong production during significant wave events, demonstrating real-world technology operation.
Pilot Success and Market Progress in the United States
Completed and submitted the final report for the Port of Los Angeles pilot to Shell Marine Renewable Energy; pilot demonstrated technical, regulatory and economic feasibility of the nearshore deployment model and will be used to pursue potential larger-scale implementation on the outer breakwater.
Advancing Multiple International Projects
Progress reported across several markets: Portugal (advancing first megawatt project under a 20 MW concession with engineering validation and grid connection progress), Taiwan (preparations with I-Ke International Ocean Energy including localized manufacturing), India (site assessment collaboration with Bharat Petroleum, with formal order expected in Q3), and South Africa (feasibility study at Port of Ngqura indicating ~8.3 MW potential).
Strategic Visibility and AI Infrastructure Positioning
Company featured in NVIDIA CEO Jensen Huang's keynote at NVIDIA GTC and across NVIDIA social channels, and highlighted by NREL in a report on infrastructure-integrated wave energy systems; management is positioning technology as a near-term renewable solution for AI-related energy demand, with market validation examples (e.g., Panthalassa $140M financing) highlighted.
WAVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed