Eco Wave Power Reports Q3 2026 Results: Net Loss Reduced by 47% and Operating Expenses by 25% Year Over Year, Alongside Major Commercial and AI Milestones
Key Highlights
- ➤Q3 net loss $529 thousand, down 47% year over year
- ➤Q3 operating expenses $666 thousand, down 25% year over year
- ➤BPCL issued first purchase order for Mumbai wave-energy pilot site assessment
- ➤Digital Twin Phase 1 completed, adding wave simulations and machine-learning forecasts
- ➤Port of Los Angeles discussions target potential commercial installation up to 60 MW
Nine-Month Net Loss Reduced by 24%, Operating Expenses by 14% and Net Financial Expenses by 80%; Citadel-Affiliated Entities Disclose Beneficial Ownership; First Purchase Order from Fortune 500 Energy Giant Bharat Petroleum; AI-Powered Digital Twin Collaboration Advances from September Agreement to First-Phase Completion in November; Potential Port of Los Angeles Commercial-Scale Expansion and Progress Toward 1 MW Portugal Installation
Stockholm, Sweden--(Newsfile Corp. - November 3, 2026) - Eco Wave Power Global AB (publ) (NASDAQ: WAVE) ("Eco Wave Power" or the "Company"), a leading onshore wave energy technology company, is pleased to report its financial results for the third quarter and nine months ended September 30, 2026, highlighting significant improvements in financial performance, continued progress toward commercial-scale wave energy deployment, and important milestones in the development of artificial intelligence and Digital Twin technologies.
Get started
Create a free account to read the full story.