Eco Wave Power H1 FY26 net loss narrows 12% to USD 1.67 million; operating expenses fall 9% to USD 1.45 million

Reuters2026/08/11 12:32

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Eco Wave Power reported a 12% narrower net loss at USD 1.67 million, with operating expenses down 9% to USD 1.45 million.
Total liquidity rose 58% vs March 31, 2026 to USD 8.4 million, including USD 8.15 million cash and USD 251,000 restricted deposits.
R&D spending fell 45% to USD 218,000, on higher grants received; sales and marketing costs climbed 41% to USD 174,000.
Gross proceeds of USD 4 million raised in a registered direct offering of 400,000 ADSs at USD 10, a 10.7% premium to the prior close.
Completed the Port of Los Angeles pilot final report, advanced the 1 MW Portugal project, progressed Taiwan permits toward October 2026, expanded AI initiatives via NVIDIA Inception.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eco Wave Power Global AB (publ) published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608110830PR_NEWS_EURO_ND__EN23709) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Eco Wave Power H1 FY26 net loss narrows 12% to USD 1.67 million; operating expenses fall 9% to USD 1.45 million

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