WAVE · Eco Wave Power Global AB (publ)

Eco Wave Power reported Q1 2026 results showing disciplined cost management with operating expenses down 11% year-over-year to $682K. The reduction was driven by decreases across R&D (23%), sales and marketing (8%), and G&A (7%). Despite lower expenses, net loss widened to $695K from $505K due to a $273K swing in net financial income to expense, primarily from foreign exchange rate fluctuations. The company ended the quarter with $5.29 million in total liquidity. Operationally, the company highlighted its positioning within the AI-driven energy infrastructure market, noting its feature in NVIDIA's CEO keynote at GTC. Key project milestones include completion of the U.S. pilot at Port of Los Angeles, continued operation of the Israel grid-connected project, and advancement of the Portugal megawatt-scale project toward construction. The company also initiated discussions with data center developers and infrastructure partners. Management emphasized the structural shift in energy demand driven by AI and the potential for wave energy to support coastal data centers.