Enablence Technologies Inc. Announces Financial Results for Second Quarter of Fiscal 2025
Enablence Technologies (TSXV: ENA) reported strong Q2 2025 financial results with significant revenue growth. Revenue reached $1,380 for Q2, up 306% from $340 in the same period last year. Six-month revenue totaled $2,600, a 360% increase year-over-year.
The company's gross margin improved by $61 to $(473), while net loss increased slightly to $4,036. Cash position strengthened to $3,387 million, up from $614 in June 2024, supported by $6,811 in new investor funding.
Manufacturing capacity constraints impacted product delivery, with infrastructure improvements expected in Q4. The company secured a key partnership with a photonics semiconductor customer for AI datacenter infrastructure, with results expected in H1FY26. Management maintains a revenue target of $6M ±$0.5M for FY2025 and expects positive gross margins.
Enablence Technologies (TSXV: ENA) ha riportato risultati finanziari solidi per il secondo trimestre del 2025, con una crescita significativa dei ricavi. I ricavi hanno raggiunto $1.380 per il secondo trimestre, in aumento del 306% rispetto ai $340 dello stesso periodo dell'anno scorso. I ricavi semestrali sono ammontati a $2.600, con un incremento del 360% rispetto all'anno precedente.
Il margine lordo dell'azienda è migliorato di $61, portandosi a $(473), mentre la perdita netta è aumentata leggermente a $4.036. La posizione di liquidità è migliorata a $3.387 milioni, in aumento rispetto ai $614 di giugno 2024, sostenuta da $6.811 di nuovi finanziamenti da investitori.
Le limitazioni della capacità produttiva hanno impattato la consegna dei prodotti, con miglioramenti infrastrutturali previsti per il quarto trimestre. L'azienda ha assicurato una partnership chiave con un cliente di semiconduttori fotonici per l'infrastruttura dei datacenter AI, con risultati attesi nel primo semestre dell'FY26. La direzione mantiene un obiettivo di ricavi di $6M ±$0.5M per l'FY2025 e si aspetta margini lordi positivi.
Enablence Technologies (TSXV: ENA) reportó resultados financieros sólidos para el segundo trimestre de 2025, con un crecimiento significativo en los ingresos. Los ingresos alcanzaron $1,380 para el segundo trimestre, un aumento del 306% desde $340 en el mismo periodo del año pasado. Los ingresos de seis meses totalizaron $2,600, un incremento del 360% interanual.
El margen bruto de la compañía mejoró en $61, alcanzando $(473), mientras que la pérdida neta aumentó ligeramente a $4,036. La posición de efectivo se fortaleció a $3,387 millones, en comparación con $614 en junio de 2024, apoyada por $6,811 en nuevos fondos de inversionistas.
Las limitaciones en la capacidad de fabricación afectaron la entrega de productos, con mejoras en la infraestructura esperadas para el cuarto trimestre. La compañía aseguró una asociación clave con un cliente de semiconductores fotónicos para la infraestructura de centros de datos de IA, con resultados esperados en el primer semestre del FY26. La dirección mantiene un objetivo de ingresos de $6M ±$0.5M para el FY2025 y espera márgenes brutos positivos.
Enablence Technologies (TSXV: ENA)는 2025년 2분기 재무 결과가 강력하며 수익이 크게 성장했다고 보고했습니다. 2분기 매출은 $1,380에 달해 지난해 같은 기간의 $340에서 306% 증가했습니다. 6개월간의 총 매출은 $2,600로, 전년 대비 360% 증가했습니다.
회사의 총 마진은 $61 개선되어 $(473)로 나타났고, 순손실은 약간 증가하여 $4,036에 달했습니다. 현금 보유액은 2024년 6월의 $614에서 증가하여 $3,387 백만에 이르렀으며, $6,811의 새로운 투자자 자금 지원이 있었습니다.
제조 용량 제약이 제품 배송에 영향을 미쳤으며, 인프라 개선은 4분기에 예상됩니다. 회사는 AI 데이터 센터 인프라를 위한 포토닉 반도체 고객과의 주요 파트너십을 확보했으며, 결과는 FY26의 상반기에 기대됩니다. 경영진은 FY2025에 대해 $6M ±$0.5M의 수익 목표를 유지하고 있으며 긍정적인 총 마진을 기대하고 있습니다.
Enablence Technologies (TSXV: ENA) a rapporté des résultats financiers solides pour le deuxième trimestre 2025, avec une croissance significative des revenus. Les revenus ont atteint $1,380 pour le deuxième trimestre, en hausse de 306 % par rapport à $340 au même période de l'année précédente. Les revenus semestriels se sont élevés à $2,600, soit une augmentation de 360 % par rapport à l'année précédente.
La marge brute de l'entreprise s'est améliorée de $61 pour atteindre $(473), tandis que la perte nette a légèrement augmenté pour atteindre $4,036. La position de liquidités s'est renforcée à $3,387 millions, contre $614 en juin 2024, soutenue par $6,811 de nouveaux financements d'investisseurs.
Les contraintes de capacité de fabrication ont eu un impact sur la livraison des produits, avec des améliorations d'infrastructure prévues pour le quatrième trimestre. L'entreprise a sécurisé un partenariat clé avec un client de semi-conducteurs photoniques pour l'infrastructure de centres de données IA, avec des résultats attendus au premier semestre de l'exercice FY26. La direction maintient un objectif de revenus de $6M ±$0.5M pour l'exercice 2025 et s'attend à des marges brutes positives.
Enablence Technologies (TSXV: ENA) berichtete über starke Finanzzahlen für das zweite Quartal 2025 mit einem signifikanten Umsatzwachstum. Der Umsatz erreichte $1.380 im zweiten Quartal, was einem Anstieg von 306% gegenüber $340 im gleichen Zeitraum des Vorjahres entspricht. Der Umsatz für die ersten sechs Monate belief sich auf $2.600, was einem Anstieg von 360% im Jahresvergleich entspricht.
Die Bruttomarge des Unternehmens verbesserte sich um $61 auf $(473), während der Nettoverlust leicht auf $4.036 anstieg. Die Liquiditätsposition stärkte sich auf $3.387 Millionen, ein Anstieg von $614 im Juni 2024, unterstützt durch $6.811 an neuer Investorenfinanzierung.
Kapazitätsengpässe in der Produktion beeinflussten die Produktlieferung, wobei Infrastrukturverbesserungen im vierten Quartal erwartet werden. Das Unternehmen sicherte sich eine wichtige Partnerschaft mit einem Kunden für photonische Halbleiter für die Infrastruktur von KI-Datenzentren, wobei Ergebnisse im ersten Halbjahr FY26 erwartet werden. Das Management hält an einem Umsatzziel von $6M ±$0.5M für das Geschäftsjahr 2025 fest und erwartet positive Bruttomargen.
- Revenue up 306% YoY to $1,380 in Q2
- Six-month revenue increased 360% to $2,600
- Gross margin improved by $61
- Cash position strengthened to $3,387M
- Secured new AI datacenter infrastructure partnership
- New investor funding of $6,811
- Net loss increased 6% to $4,036
- Negative gross margin of $(473)
- Manufacturing capacity constraints limiting growth
- Higher losses from Sales & Marketing and R&D investments
Ottawa, Ontario--(Newsfile Corp. - February 28, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips and sub systems that performs communications, sensing and computing in the datacom, telecom, automotive and artificial intelligence (AI) applications has filed its unaudited interim consolidated financial statements for the six months ended December 31, 2024 ("Q2 2025") and related management's discussion and analysis and certifications (collectively, the "Financial Statements"). Electronic copies of the Financial Statements are available on SEDAR+ (www.sedarplus.ca) under Enablence's issuer profile.
Commenting on the Company's Q2 2025 performance, CEO, Todd Haugen stated, "We continue to successfully execute our growth plan as evidenced by another strong quarter in which sales of our datacom, and advanced vision products grew rapidly. This enabled us to meet our expectations for the quarter ended December 31, 2024. I am also pleased to report that our order book continues to strengthen with demand and line of site well into the future across our optical communications, sensing and compute businesses."
"For the quarter ended, our ability to satisfy strong customer demand for our products was constrained by the speed at which we were able to bring online new tool sets, processes and other manufacturing infrastructure. We expect to complete fundamental infrastructure improvements in Q4 after which we expect to accelerate efforts to satisfy strong demand from legacy and new customers. Of significance, is our ability to complete the onboarding of a key photonics semiconductor customer which supplies advanced optical products to enable high speed, high-performance AI systems for datacentre infrastructure. We expect to see results from this transformative partnership in H1FY26."
"Our core strategy remains to aggressively drive more product to market and to grow our footprint beyond our core optical communications business to now include a growing share of the optical sensing and optical compute businesses. As such, we expect to see significantly increased deliveries in Q4 2025."
Financial Highlights
Enablence is pleased to provide the following highlights for Q2 2025 (all dollar figures are expressed in thousands of United States dollars):
- Revenue Growth: Revenue for the three months ended December 31, 2024 was
$1,380 as compared to$340 for the same period in the prior year, an increase of$1,040 , or306% . For the six months ended December 31, 2024, revenue was$2,600 , up360% from$565 in the same period last year. - Gross Margin Improvement: The Company's gross margin improved by
$61 , with a reported gross margin of$(473) for the quarter, compared to$(534) in the previous year. This reflects improved yield and manufacturing efficiency. - Net Loss Increase: Enablence reported a net loss of
$4,036 , compared to a$3,804 net loss in the same quarter last year, an increase of6% . The slightly higher loss was driven by investments in Sales & Marketing and R&D. - Improved Comprehensive Loss Position: The Company's comprehensive loss improved to
$1,887 for the quarter, compared to$4,231 in the same period last year, driven by foreign exchange translation gains of$2,149 . - Stronger Cash Position: Enablence ended the quarter with
$3,387 million in cash and cash equivalents, a significant increase from$614 as of June 30, 2024, supporting its ongoing operations and future growth initiatives. - Continuing Investment: Investors injected another
$6,811 in new funding over the period as the Company continues to invest in manufacturing capacity and R&D as its products continue to gain significant traction.
Outlook
Based on the Company's current business outlook and projections, management expects the overall performance for the fiscal year ending June 30, 2025 to be as follows:
- the Company's revenue target remains
$6M +/-$0.5M for the fiscal year ending June 30, 2025; and - the Company expects positive gross margins for the fiscal year ending June 30, 2025.
The "Financial Highlights" above are qualified in their entirety by the Financial Statements, which are available on SEDAR+ (www.sedarplus.ca) under Enablence's issuer profile. For additional information about the Company, please refer to public disclosure record of the Company available on SEDAR+ (www.sedarplus.ca) under Enablence's issuer profile, along with the investor presentation of the Company, which is available on Enablence's website (www.enablence.com/investors) in the "Corporate - Investors" tab.
About Enablence Technologies Inc.
Enablence is a publicly company with its common shares listed for trading through the facilities of the TSX Venture Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: www.enablence.com.
For more information contact:
Stan Besko, MBA, CFO
Enablence Technologies Inc.
stan.besko@enablence.com
Todd Haugen, CEO
Enablence Technologies Inc.
todd.haugen@enablence.com
Ali Mahdavi
Capital Markets & Investor Relations
am@spinnakercmi.com
Media and Analysts
Alison Parnell
Hill and Kincaid Marketing & PR
press@hillandkincaid.com
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements regarding the Company (including under the heading "Outlook") based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including: the Company's ability to execute its business and growth plans; continued sales growth; the strength of the Company's order book; demand for the Company's products; continued customer demand for our products; expectations regarding infrastructure improvements; our ability (if at all) to onboard key customers; increased deliveries for Q4 2025 (if at all); expectations regarding revenue targets and positive margins for the fiscal year ending June 30, 2025. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated, including: revenues; gross margin; investments; cash position; continuing investments; foreign exchange rate; global markets and interest rates. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a few factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's public disclosure record available on SEDAR+ (www.sedarplus.ca) under Enablence's issuer profile.
Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether because of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242962
FAQ
What was Enablence Technologies (ENAFF) revenue growth in Q2 2025?
How much new funding did ENAFF secure in Q2 2025?
What is ENAFF's revenue guidance for fiscal year 2025?
When will ENAFF's new AI datacenter infrastructure partnership start showing results?
What was ENAFF's cash position at the end of Q2 2025?
