EnWave (ENW) Corporate presentation summary

Business overview and technology

• Global leader in vacuum microwave dehydration (REV™), offering efficient, high-quality drying for food, pharma, and cannabis, protected by 18 patents.

• Business model centers on machine sales, recurring royalties, and toll drying services, with 82% of FY2025 revenue from sales and rentals.

• Over 50 blue-chip partners in 25+ countries, including major brands like PepsiCo, Dole, and Calbee.

• REV™ technology delivers faster, more energy-efficient, and higher-quality results than traditional drying methods.

• Installed machine base and utilization drive recurring royalty revenue, with a 25.5% CAGR in base royalties.

Financials and capital structure

• Market capitalization of $40.5M, with $2.5M cash and $0.35M debt as of September 30, 2025.

• Fully funded for growth with up to $5M non-dilutive financing and a recent $3M LIFE offering.

• Average 3-month daily trading volume of ~70,000 shares.

• Focus on maintaining healthy margins through machine sales and high-margin royalty agreements.

Growth strategy and goals

• Aims to build a highly diversified global royalty portfolio from a wide range of producers and products.

• Strategy includes expanding sales team, targeting new markets, and strengthening the sales pipeline.

• Utilizes free cash flow for business expansion, dividends, and share buybacks.

• Recent wins include new machine sales and license agreements in Australia, New Zealand, the US, and Europe.