Earnings call transcript for Q2 2025 of Eco Wave Power Global AB (publicly traded as WAVE)
Eco Wave Power Global AB (NASDAQ: WAVE) recently held a Q2 2025 Earnings Conference Call, hosted by Aharon Yehuda, the company's Chief Financial Officer. The call, conducted via NASDAQ, focused on discussing the company's financial performance for the quarter.
The call took place at 9:00 AM ET on August 14, 2025. During the call, it was revealed that Eco Wave Power's operating expenses increased by $239,000 compared to H1 2024, reaching $1.6 million. This increase was primarily due to investments in research and development (R&D), strengthening the engineering department, new U.S. hires, professional fees, and travel costs associated with project expansion.
R&D expenses rose by 25%, amounting to $399,000, with a significant portion going towards the Portuguese project and the strengthening of the engineering department. General and administrative expenses also increased by 22%, primarily due to payroll for new U.S. hires, professional fees, and travel costs.
Despite these cost increases and a net loss of $1.9 million for H1 2025, Eco Wave Power maintained a strong cash position, ending the period with $7.94 million in cash and short-term bank deposits.
Sales and marketing expenses slightly decreased due to more efficient investor communication. Moreover, other income nearly doubled to $62,000, coming from technology demonstration services in Asia.
The company highlighted strategic progress during the call, including the completion of its first U.S. wave energy project at the Port of Los Angeles and expansion into new markets such as India, Taiwan, and South Africa. Partnerships and grant funding advances underscore the company's commitment to innovation and global growth in wave energy technology.
This reflects Eco Wave Power’s focus on growth and innovation despite short-term financial challenges common in developing emerging renewable energy technologies. The company is expanding geographically with active projects or agreements in the U.S., Portugal, Israel, Taiwan, India, and South Africa, showcasing its commitment to commercializing wave energy globally.
[1] Eco Wave Power Global AB (publ) Press Release, Q2 2025 Earnings Conference Call Announcement [2] Eco Wave Power Global AB (publ) Financial Statements, Q2 2025 [3] Eco Wave Power Global AB (publ) Investor Presentation, Q2 2025 Earnings Conference Call
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