Ottawa, Ontario — December 3, 2025 — Leads & Copy — Enablence Technologies Inc. has filed its audited financial statements for the first quarter of 2026, along with related management’s discussion and analysis and certifications. The documents, collectively known as the “Financial Statements,” are accessible on SEDAR+ under Enablence’s issuer profile.
According to Enablence CEO Todd Haugen, first-quarter revenue was down due to a one-time correction reflecting the impact of the company’s planned manufacturing expansion. This includes the addition of new tool sets and materials expenses during the quarter.
Haugen stated that these strategic investments will significantly increase wafer capacity, enabling Enablence to meet the demand for legacy datacom products and its growing AI and advanced vision products.
The company anticipates that monthly wafer starts will increase from 1,500 to 3,000 by the end of the fiscal year. Enablence remains committed to its fiscal 2026 revenue guidance of $12 million ± $0.5 million and is confident in its long-range strategic growth plan.
Enablence reported strong business with a strong order book for communications, sensing, and compute products. Non-communications revenue now exceeds 12 percent of the business, driven by AI and LiDAR applications.
The company’s North American module business is benefiting from re-shoring initiatives as U.S. customers prioritize supply-chain certainty.
Financial highlights for the first quarter of Fiscal Year 2026 include:
Revenue for the quarter ended September 30, 2025, was $836,000, compared to $1,218,000 for the same period last year, a decrease of 31%.
Gross margin declined by $1,096,000, with a reported gross margin of $(1,653,000) for the quarter, compared to $(557,000) in the previous year. This was impacted by revenue timing and raw material ramp-up.
Net loss was $6,350,000, compared to a $3,914,000 net loss for the same period last year, an increase of 62%, driven by investments in R&D and manufacturing capacity.
The company’s comprehensive loss increased to $5,334,000 for the quarter, compared to $4,380,000 in the same period last year, due to the impact of the strengthened USD.
The quarter ended with $2,757,000 in cash and cash equivalents, down from $5,004,000 as of June 30, 2025.
Investors continue to see evidence of gross margin and profit turnaround because of accordion funding provided during the quarter.
Enablence designs, markets, and sells optical chips and subsystems for datacom, telecom, automotive, and AI applications. The company serves a global customer base, focusing on data centers and emerging markets such as medical devices, automotive LiDAR, and virtual and augmented reality headsets. Enablence manufactures chips designed by third-party customers at its fabrication plant in Fremont, California.
Stan Besko, MBA, CFO Enablence Technologies Inc., stan.besko@enablence.com
Todd Haugen, CEO Enablence Technologies Inc., todd.haugen@enablence.com
Ali Mahdavi, Capital Markets & Investor Relations, am@spinnakercmi.com
Alison Parnell, Media and Analysts Hill and Kincaid Marketing & PR, press@hillandkincaid.com
The financial highlights are qualified by the Financial Statements available on SEDAR+ under Enablence’s issuer profile. More information about the company can be found in the investor presentation on Enablence’s website in the “Corporate – Investors” tab.
Source: Enablence Technologies Inc.
