Logo

WAVE

Eco Wave Power Global AB (publ)

WAVE

Eco Wave Power Global AB (publ) • NASDAQ
$6.82 ▼ -2.77% (-0.19)
Market Cap $39.84 M
52w High $17.63
52w Low $4.41
Dividend Yield 0%
P/E -12.18
Volume 7.83K
Outstanding Shares 5.84M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $881.804K ▲ $-981.556K ▲ 0% $-0.17 ▲ $-780.058K ▼
Q2-2025 $0 $823K ▲ $-1.378M ▼ 0% $-0.24 ▼ $-776K ▼
Q1-2025 $0 ▼ $765K ▲ $-499K ▲ 0% ▲ $-0.09 ▲ $-486K ▲
Q4-2024 $168K ▲ $498K ▼ $-527K ▲ -313.69% ▼ $-0.094 ▲ $-515.25K ▲
Q3-2024 $0 $613.755K $-552.38K 0% $-0.099 $-533.267K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $6.852M ▼ $8.633M ▼ $2.537M ▲ $6.286M ▼
Q2-2025 $7.741M ▼ $9.371M ▼ $2.462M ▼ $7.087M ▼
Q1-2025 $8.581M ▼ $10.225M ▼ $2.537M ▲ $7.858M ▼
Q4-2024 $9.099M ▲ $10.682M ▲ $2.382M ▲ $8.458M ▲
Q3-2024 $6.973M $8.272M $2.248M $6.185M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-1.378M ▼ $0 $0 $0 $0 $0
Q1-2025 $-499K ▲ $0 $0 $0 $0 $0
Q4-2024 $-527K ▲ $0 $0 $0 $0 $0
Q3-2024 $-549K ▼ $0 $0 $0 $0 $0
Q2-2024 $-481K $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Eco Wave Power looks like a very early‑stage, mostly pre‑revenue company. The pattern suggests they are not yet generating meaningful commercial sales, and are instead funding ongoing development, pilots, and overhead. Earnings per share have been consistently negative, which is typical for a company still proving and scaling its technology. The core story in the income statement is simple: expenses and losses today, with future profitability depending on successful commercialization of their projects and pipeline.

Balance Sheet

Balance Sheet The balance sheet appears very small and simple, with a modest asset base, no financial debt, and equity funding essentially everything. Cash seems limited, which implies a thin financial buffer and a likely need for continued access to external capital over time. On the positive side, the absence of debt reduces financial risk. On the more cautious side, the company’s small scale and modest resources underline that this is still a niche, early‑stage platform rather than a mature utility with a large installed base.

Cash Flow

Cash Flow Reported cash flow line items are effectively flat in the data provided, which likely reflects incomplete disclosure in this summary rather than a truly neutral cash position. In economic terms, an early‑stage, pre‑revenue clean‑tech company like this almost certainly has cash flowing out to fund R&D, pilots, and corporate costs, and cash flowing in from equity raises, grants, or partnerships. Capital spending appears relatively light compared with traditional offshore projects because they use existing coastal infrastructure, but future commercial plants would still require meaningful upfront funding. Overall, cash generation from operations does not yet support the business; external funding remains key.

Competitive Edge

Competitive Edge Eco Wave Power’s edge sits in its onshore wave energy concept: attaching floaters to existing coastal structures rather than building complex offshore platforms. This can lower installation, maintenance, and grid‑connection costs and reduce environmental disruption compared with offshore alternatives. The company has built a sizable patent portfolio around its floater designs, automation, and combined wave‑and‑solar concept, which helps protect its niche. Partnerships with large energy players and government backing add credibility and open doors in new markets. The main competitive risks are the very early stage of the wave energy sector, intense competition from more mature renewables like wind and solar, and the need to prove cost competitiveness and reliability at larger, fully commercial scale.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of Eco Wave Power’s identity. Its technology brings wave energy closer to shore, uses specially designed floaters, and includes smart automation for storm protection—all aimed at increasing durability and lowering lifecycle costs. The company is also pushing an integrated wave‑and‑solar solution to squeeze more energy out of the same footprint. A grid‑connected project in Israel, along with early projects in places like Portugal and the U.S., serves as real‑world testing grounds. The opportunity is that successful pilots can validate the technology and attract partners; the risk is that scaling up may take longer, cost more, and face more regulatory and engineering hurdles than expected.

Summary

Eco Wave Power is a tiny, technology‑driven renewable energy company trying to commercialize a novel way to harvest wave power from existing coastal structures. Financially, it behaves like an R&D‑heavy startup: little or no revenue, recurring losses, a lean balance sheet, no debt, and a likely reliance on external funding rather than internal cash generation. Strategically, it has an interesting mix of protected technology, proof‑of‑concept projects, and partnerships with established energy players, all in a niche that aims to be cleaner, cheaper, and easier to maintain than traditional offshore wave energy. The big open questions are execution and scale: how quickly the company can turn its pipeline and pilots into stable, repeatable commercial projects, and whether the economics will stack up against other renewables in real‑world utility budgets.

NEWS

November 12, 2025 · 8:30 AM UTC

Eco Wave Power Reports Q3 Results: Historic U.S. Launch and Global Milestones Achieved

Read more

November 3, 2025 · 9:25 AM UTC

Merit Medical Releases 24-Month Efficacy Results from the Single-Arm Arteriovenous Graft (AVG) Cohort of the WRAPSODY Arteriovenous Access Efficacy (WAVE) Trial

Read more

October 14, 2025 · 8:00 AM UTC

Eco Wave Power's Wave Energy Project Named on TIME's List of the Best Inventions of 2025

Read more

October 7, 2025 · 8:00 AM UTC

Congresswoman Barragán Visits Eco Wave Power Project in LA, Calls for $1B Federal Investment in Wave Energy

Read more

September 16, 2025 · 8:00 AM UTC

Eco Wave Power and BladeRanger Launch First-Ever Drone-Powered Maintenance for Onshore Wave Energy Systems

Read more