Eco Wave Power Announces Q3 Results: Power Station Sale in Taiwan will Boost Q4 Revenues, 83% Energy Goal Reached in Israel, U.S. License Secured, and Shares Buyback Commenced by the Compa...
Eco Wave Power Global AB (publ) - American Depositary Shares (WAVE)
Company Research
Source: PR Newswire
STOCKHOLM, Nov. 21, 2024 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy technology company, is pleased to report its financial results as of and for the nine months ended September 30, 2024, and provide a corporate update.Management CommentaryOperationsIn the first nine months of 2024, Eco Wave Power achieved several significant milestones, demonstrating our commitment to growth and resilience. We continued to prioritize cost efficiency, successfully reducing expenses from the second quarter to the third quarter of 2024 by 10%. By the end of the third quarter, we maintained a strong financial position with $7.04 million in cash and short-term bank deposits. During this time, we successfully achieved the following key milestones:In Taiwan, Eco Wave Power signed a first wave energy project sale agreement with I-Ke International Ocean Energy Co. ("I-Ke"), a subsidiary of Lian Tat Company (
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WAVE
News
- Eco Wave Power Appoints Juan Jose Gomez as the Power Station Manager of its Portuguese Project [Yahoo! Finance]Yahoo! Finance
- Eco Wave Power Appoints Juan Jose Gomez as the Power Station Manager of its Portuguese ProjectPR Newswire
- Eco Wave Power Appoints Juan Jose Gomez as the Power Station Manager of its Portuguese ProjectPR Newswire
- Eco Wave Power Announces Closing of $3.0 Million Registered Direct Offering to Accelerate Commercial-Scale Wave Energy DeploymentPR Newswire
- Eco Wave Power Announces Closing of $3.0 Million Registered Direct Offering to Accelerate Commercial-Scale Wave Energy DeploymentPR Newswire
WAVE
Sec Filings
- 12/12/24 - Form 6-K
- 12/12/24 - Form 424B5
- 12/12/24 - Form 6-K
- WAVE's page on the SEC website