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CORRECTION FROM SOURCE: Enablence Technologies Announces First Quarter 2026 Financial Results
THIS PRESS RELEASE CORRECTS THE PREVIOUS PRESS RELEASE SENT ON DECEMBER 1, 2025 AT 11:30 PM EST. ...
About this update from Enablence Technologies Inc.
[{"type":"text","content":"CORRECTION FROM SOURCE: Enablence Technologies Announces First Quarter 2026 Financial ResultsTHIS PRESS RELEASE CORRECTS THE PREVIOUS PRESS RELEASE SENT ON DECEMBER 1, 2025 AT 11:30 PM EST. THE TITLE OF RELEASE WAS LABELED \"ENABLENCE ANNOUNCES FIRST QUARTER FINANCIAL RESULTS.\" THE THIRD BULLET IN THE FINANCIAL HIGHLIGHTS SECTION ENTITLED \"NET LOSS INCREASE\" CONTAINED AN ERROR, INCORRECTLY STATING ($13,914) NET LOSS. THE CORRECTION NOW STATES ($3,914) NET LOSS.Ottawa, Ontario--(Newsfile Corp. - December 2, 2025) - Enablence Technologies Inc. (TSXV: ENA) (\"Enablence\" or the \"Company\"), a leading provider of optical chips and sub systems that perform communications, sensing and computing for datacom, telecom, automotive and artificial intelligence (AI) applications has filed its audited financial statements for the first quarter 2026 and related management's discussion and analysis and certifications (collectively, the \"Financial Statements\"). Electronic copies of the Financial Statements are available (www.sedarplus.ca) under Enablence's issuer profile. Commenting on the Company's Fiscal Year 2025 financial results, Enablence CEO, Todd Haugen, said, \"As anticipated, first-quarter revenue was down, reflecting a one-time correction which takes account of the impact of our planned manufacturing expansion, including the addition of new tool sets and materials expenses during the quarter. These strategic investments will significantly increase our wafer capacity, positioning Enablence to meet robust demand for both our legacy datacom products and our rapidly growing AI and advanced vision products. Looking forward, we expect monthly wafer starts to grow from 1,500 wafers per month to 3,000 wafers per month by the end of the fiscal year. With this added capacity now in place, we expect momentum to continue to build across all three businesses - communications, sensing, and compute. Therefore, we remain committed to our fiscal 2026 revenue guidance of $12 million ± $0.5 million and remain highly confident in the long-range strategic growth plan.\"\"Our business remains strong, as evidenced by a strong order book for communications, sensing and compute products. While communications continue to represent the main portion of our business, we are also beginning to see traction in sensing and AI business with non-communicatio...