Enablence Technologies Inc. Announces First Quarter Fiscal 2025 Financial Results
Enablence Technologies (TSXV: ENA) reported significant growth in Q1 FY2025, with revenue reaching $1,218, a 441% increase from $225 in the prior year. Product revenue surged 1492% to $971, with AsiaPac sales representing 79% of total revenues at $959. Despite growth, the company recorded a net loss of $3,913. The company raised its FY2025 revenue guidance by 10% to $5.5-6M, targeting 375% year-over-year growth. Management plans to expand wafer production capacity from 100 to 700 wafers per week in FY2025 and expects to achieve positive gross margins this fiscal year.
Enablence Technologies (TSXV: ENA) ha riportato una crescita significativa nel primo trimestre dell'anno fiscale 2025, con ricavi che hanno raggiunto $1.218, un aumento del 441% rispetto ai $225 dell'anno precedente. I ricavi da prodotto sono aumentati del 1492% a $971, con le vendite in AsiaPac che rappresentano il 79% dei ricavi totali, pari a $959. Nonostante la crescita, l'azienda ha registrato una perdita netta di $3.913. L'azienda ha elevato la sua previsione di ricavi per l'anno fiscale 2025 del 10% a $5.5-6M, puntando a una crescita del 375% rispetto all'anno precedente. La direzione prevede di ampliare la capacità di produzione di wafer da 100 a 700 wafer a settimana nell'anno fiscale 2025 e si aspetta di raggiungere margini lordi positivi in quest'anno fiscale.
Enablence Technologies (TSXV: ENA) informó un crecimiento significativo en el primer trimestre del año fiscal 2025, con ingresos alcanzando $1,218, un aumento del 441% en comparación con los $225 del año anterior. Los ingresos por productos aumentaron un 1492% a $971, con las ventas en AsiaPac representando el 79% de los ingresos totales, que ascienden a $959. A pesar del crecimiento, la empresa registró una pérdida neta de $3,913. La empresa elevó su guía de ingresos para el año fiscal 2025 en un 10% a $5.5-6M, buscando un crecimiento del 375% interanual. La dirección planea expandir la capacidad de producción de wafers de 100 a 700 wafers por semana en el año fiscal 2025 y espera lograr márgenes brutos positivos este año fiscal.
Enablence Technologies (TSXV: ENA)은 FY2025 1분기에 상당한 성장을 보고했으며, 수익이 $1,218에 달해 전년도 $225에 비해 441% 증가했습니다. 제품 수익은 1492% 증가하여 $971에 달했으며, 아시아 퍼시픽 판매는 총 수익의 79%인 $959를 차지합니다. 성장에도 불구하고, 이 회사는 $3,913의 순손실을 기록했습니다. 이 회사는 FY2025 수익 전망을 10% 상향 조정하여 $5.5-6M으로, 전년 대비 375% 성장을 목표로 하고 있습니다. 경영진은 FY2025에 주당 100에서 700개의 웨이퍼 생산 능력을 확장할 계획이며, 올해 긍정적인 총 마진을 달성할 것으로 기대하고 있습니다.
Enablence Technologies (TSXV: ENA) a rapporté une croissance significative au premier trimestre de l'exercice 2025, avec des revenus atteignant 1 218 $, soit une augmentation de 441 % par rapport aux 225 $ de l'année précédente. Les revenus des produits ont augmenté de 1 492 % pour atteindre 971 $, les ventes en Asie-Pacifique représentant 79 % des revenus totaux, soit 959 $. Malgré cette croissance, l'entreprise a enregistré une perte nette de 3 913 $. L'entreprise a relevé ses prévisions de revenus pour l'exercice 2025 de 10 % à 5,5-6 M$, ciblant une croissance de 375 % d'une année sur l'autre. La direction prévoit d'augmenter la capacité de production de wafers de 100 à 700 wafers par semaine au cours de l'exercice 2025 et s'attend à réaliser des marges brutes positives cette année fiscale.
Enablence Technologies (TSXV: ENA) berichtete über ein signifikantes Wachstum im ersten Quartal des Geschäftsjahres 2025, wobei die Umsätze $1.218 erreichten, was einem Anstieg von 441% gegenüber $225 im Vorjahr entspricht. Der Produktumsatz stieg um 1492% auf $971, wobei die Verkäufe in Asien-Pazifik 79% des Gesamtumsatzes von $959 ausmachten. Trotz des Wachstums verzeichnete das Unternehmen einen Nettoverlust von $3.913. Das Unternehmen hob seine Umsatzprognose für das Geschäftsjahr 2025 um 10% auf $5,5-6M an und strebt ein Wachstum von 375% im Vergleich zum Vorjahr an. Das Management plant, die Produktionskapazität von Wafern von 100 auf 700 Wafer pro Woche im Geschäftsjahr 2025 zu erweitern und erwartet, in diesem Geschäftsjahr positive Bruttomargen zu erzielen.
- Revenue increased 441% YoY to $1,218
- Product revenue grew 1492% to $971
- AsiaPac sales increased significantly to $959
- Secured $4,469 in new funding
- Raised FY2025 revenue guidance to $5.5-6M
- Planning production capacity expansion to 700 wafers/week
- Net loss increased to $3,913 from $2,204 YoY
- Q2 expected to remain flat due to capacity investments
Ottawa, Ontario--(Newsfile Corp. - November 21, 2024) - 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 datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the first quarter ending ("Fiscal Year 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 first quarter 2025 performance, CEO, Todd Haugen stated, "We exceeded our targets with over
"For the quarter ended, sales of key datacom, LiDAR and AI products increased significantly with progress being made across our three key business segments. This reflects a healthy and rapidly growing order book, greater long-term visibility through the pipeline. Our success includes significant market traction in both the traditional optical communications market and new growth, optical sensing, and optical compute markets. This is largely being driven by investments in artificial intelligence (AI) where we are positioned to succeed."
Haugen added, "Our key goal remains to onboard new infrastructure as quickly as possible to support new and existing customer demand. For example, we increased investments in manufacturing infrastructure, implemented refurbishment programs across our facilities and invested in new, high volume production equipment that is designed to meet demand of 1000/wafer starts per week in FY2026. This will allow us to aggressively drive more product to market targeting traditional datacom customers while still seeding high growth, advanced vision markets such as LiDAR. Due to rapidly increasing demand, Q2 will remain roughly flat as we continue investing in capacity, enabling significantly increased deliveries in Q3 and Q4. Additionally, in the third quarter, customers will begin production of the first LiDAR and AI products containing Enablence optical semiconductors. This marks another milestone for the Company validating our strategy and diversifying our revenue stream."
"As a result of these successes, we are raising our revenue guidance for FY25, increasing our revenue target
Financial Highlights
Enablence is pleased to provide the following highlights for the first quarter 2025FY (all dollar figures are expressed in thousands of United States dollars):
- Revenue for the three months ended September 30, 2024 was
$1,218 as compared to$225 for the same period in the prior year, an increase of$993 , or441% . This quarter saw a significant increase in product revenue to$971 , up from$61 or1492% . Sales into AsiaPac increased to$959 , up from$69 over the same period last year, with the region now representing79% of total revenues. - The Company generated net loss of
$3,913 for the three months ending September 30, 2024 (2023 - net loss of$2,204) . - Investors injected another
$4,469 in new funding over the period as the Company invests in manufacturing capacity and in R&D as its product continue to gain significant traction. - Commenting on the Q1 2025FY Highlights, CFO Stan Besko said: "Top line revenue growth and cost prioritization are progressively moving Enablence to toward profitability"
Outlook
Based on the Company's current business outlook, management expects the overall performance for Fiscal Year 2025 to be as follows:
- We are raising our revenue guidance for FY25, increasing our revenue target
10% to$5.5M -$6M . - Based on current projections, we expect to become gross margin positive in FY2025
- Investments in fab upgrades will greatly expand capacity from 100 wafer starts per week to 700 wafers per week in FY2025, helping meet demand.
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 on the Company, please refer to 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 traded company listed on 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 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. 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. 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 continuous disclosure documents that can be found 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/230988
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