EnWave Corporation (OTCPK:NWVCF) (TSX-V:ENW) (FSE:E4U) released its financial results for the second quarter ended March 31, 2023, revealing revenue of CA$4.6 million ($3.4 million), an increase of 209% compared to CA$1.5 million in Q2 2022.
Q2 2023 Financial Highlights
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Gross margin was CA$2.3 million, an increase of 302% compared to CA$563,000 in Q2 2022.
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Net loss was CA$2.7 million compared to CA$2.4 million in Q2 2022.
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Adjusted EBITDA was CA$1.2 million an increase of 211% compared to negative CA$1.0 million in Q2 2022.
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Cash and cash …