WAVE Earnings Prediction
The chart below shows how WAVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WAVE sees a -1.31% change in stock price 10 days leading up to the earnings, and a +89.80% change 10 days following the report. On the earnings day itself, the stock moves by +2.23%. This data can give you a slight idea of what to expect for the next quarter's release.
WAVE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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--
Gross Margin
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Operating Margin
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--
Net Margin
--
--
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EPS
-0.01
--
-0.00%
No Data Available
WAVE Earnings Analysis
Eco Wave Power Global AB (publ) American Depositary Shares Corporation (WAVE.O) Earnings Conference Call
Positive
Expense Reduction Achievement: Eco Wave Power has successfully reduced overall expenses by 10% quarter-over-quarter from the second quarter to the third quarter of 2024.
Cost Savings Achieved: General and administrative expenses decreased by $63,000, while research and development expenses were reduced by $29,000, contributing to overall cost savings.
Operating Loss Reduction: These savings led to a $73,000 reduction in operating loss quarter-over-quarter.
Cash Position Update: By the end of the third quarter, the company maintained a solid financial position with $7.04 million in cash and short-term bank deposits, reflecting a modest decrease of $447,000 from Q2 2024.
ADS Buyback Agreement: Eco Wave Power entered into an agreement with Oppehheimer Bank to facilitate the buyback process, commencing repurchases of its ADSs in September 2024.
Negative
Decrease in Administrative Expenses: General and administrative expenses decreased by $63,000.
R&D Expense Reduction: Research and development expenses were reduced by $29,000.
Modest Decrease in Revenue: This reflects only a modest $447,000 decrease from Q2, 2024.
Reduced Operating Loss: Operating loss was reduced by $73,000 quarter-over-quarter.
Expense Reduction Achievement: Overall expenses were reduced by 10% quarter-over-quarter.
WAVE FAQs
How does WAVE typically perform around its earnings report dates?
Is Eco Wave Power Global AB (publ) (WAVE) Q3 2024 Earnings Call Summary positive or negative?
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WAVE Earning Call Sentiment
Eco Wave Power Global AB (publ) (WAVE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
WAVE.O
4.03%Positive
The earnings call summary highlights several positive developments, including new product launches, strategic deals, and cost reductions. The company's expansion into new markets, legislative support, and share repurchase program further bolster investor confidence. While there are risks such as regulatory changes and market competition, the overall sentiment remains positive due to strong operational updates and strategic initiatives. The absence of negative sentiment from the Q&A section also supports a positive outlook. Given these factors, the stock price is likely to experience a positive movement in the next two weeks.
