Enablence Technologies Announces Fiscal Year 2025 Financial Results

Executive Summary

• Enablence Technologies reported FY 2025 revenue of $5.95 M, a 271 % increase year‑over‑year.
• Net loss widened to $18.15 M (up 39 % from the prior year) as the company invested heavily in capacity expansion and R&D.
• Management provided FY 2026 outlook: revenue target of $12 M ± $0.5 M, expectation to become gross‑margin positive in the second half of FY 2026, and plans to double wafer starts from 500 to 1,000 per week by year‑end.

Key Details

• Revenue: $5,941 k for FY 2025 vs. $1,601 k in FY 2024 (+271 %).
• Gross Margin: Reported gross margin of –$2,402 k (slight decline of $73 k YoY) but percentage improvement due to higher capacity utilization.
• Net Loss: $18,153 k for FY 2025 vs. $14,108 k in FY 2024 (+39 %).
• Comprehensive Loss: $18,850 k vs. $13,605 k prior year.
• Cash Position: End‑of‑period cash and cash equivalents of $5,004 k (up from $614 k on June 30 2024).
• Funding Received: $22,856 k of new investor funding injected during FY 2025 to support manufacturing capacity and R&D.
• Fab Capacity: Wafer starts increased to 500 wafers/week; target of 1,000 wafers/week by FY 2026 year‑end.
• FY 2026 Revenue Guidance: $12 M ± $0.5 M.
• Gross Margin Outlook: Anticipated to turn positive in the mid‑second half of FY 2026.
• Strategic Initiatives: Continued tooling, process, and infrastructure upgrades at Fremont, CA fab; focus on AI‑driven optical modules, LiDAR, datacom, telecom markets; implementation of geopolitical resilience strategies to mitigate supply‑chain risks.

Notable Quotes

“I am pleased to report that Enablence Technologies delivered strong financial performance for fiscal year 2025… achieving revenue of $5.95 million, representing a 271 percent increase…” – Todd Haugen, CEO
“In Fiscal 2026, we expect continued momentum, driven by a robust order book and strong demand across all three core product lines…” – Todd Haugen, CEO