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WAVE

Eco Wave Power Global AB

Eco Wave Power Global AB Q2 FY2022 earnings call

September 28, 2022 · fiscal period ended 2022-06

EPS · actual vs est

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Summary

Generated 2022-09-28

Management highlights

  • In Israel, the EWP-EDF One project in Jaffa port is in final grid connection stages, Israeli Electrical Authority set special Feed-in Tariff for Wave Energy pilot.
  • In Europe: Sourced licensing for 1 MW pilot station in Portugal as per 20 MW PPA with APDL; 2 MW Concession Agreement with Port Adriano in Spain; feasibility studies in Greece for 1 MW station; received R&D grants from European Green Deal and Innovate UK.
  • In United States: Demonstration project in LA with AltaSea, conversion unit en route to LA, 7 floaters to be produced in LA; bill in New Jersey progressing towards inclusion of Wave Energy in Energy Master Plan.
  • Transitioned to NASDAQ Capital Market on June 14, 2022, trading under WAVE on NASDAQ Capital Market.
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Segment performance

No specific financial performance for product segments provided in absolute terms and revenue contribution%

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Guidance

  • 2022 is a year of significant progress with expected significant events.
  • Continuing to advance initiatives with goal of large scale deployments in near future.
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Key numbers

Reported versus consensus

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MetricReportedConsensusDeltaPrior year
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Revenue

Transcript

September 28, 2022

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