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WAVE on Nasdaq

Wave Exponential

Wave Exponential is a public company from Thailand founded in 1988.1

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Last updated Oct 21, 2026.

Overview

$38.0KRevenue, fiscal 20253
-$3.7MNet income, fiscal 20253
Sep 19, 1988Founded1

Compare with AQUA POWER SYSTEMS INC., Ocean Power Technologies Australasia or Bimergen Energy Corp, or pick any stock.

  • TickerWAVE on Nasdaq1
  • IndustryElectric Services1
  • HeadquartersV71
  • Legal formpublic limited company1
  • Incorporated inSweden4
  • Business address7A Strandvagen, Stockholm, V7 114564
  • Filer categoryNon-accelerated filer, Emerging growth company4

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The purpose of the Acquisition was to have a parent company incorporated under Swedish law prior to the listing on Nasdaq First North.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

57.9%Gross margin3
-8242.1%Operating margin3
-9800.0%Net margin3
-77.4%Revenue growth, 20253
-67.9%Return on equity3
0.00×Debt to equity3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue2¢$16.0K
  • Research and development94¢$733.0K
  • Interest4¢$31.0K

Out of $38.0K in revenue.3 The company lost money this year.

Financial statements

Revenue673$38.0K in 2025+23% since 2021
0$100.0K$200.0K$300.0K$400.0K2021: $31.0K$31.0K20212022: $26.0K$26.0K2022−16%2023: $306.0K$306.0K2023+1077%2024: $168.0K$168.0K2024−45%2025: $38.0K$38.0K2025−77%
Gross profit673$22.0K in 2025+450% since 2021
0$100.0K$200.0K$300.0K2021: $4.0K$4.0K20212022: $4.0K$4.0K2022+0%2023: $247.0K$247.0K2023+6075%2024: $126.0K$126.0K2024−49%2025: $22.0K$22.0K2025−83%
Operating income89673-$3.1M in 2025+61% since 2019
-$4.0M-$3.0M-$2.0M-$1.0M02019: -$1.9M-$1.9M20192020: -$1.8M-$1.8M2020−7%2021: -$3.1M-$3.1M2021+69%2022: -$3.6M-$3.6M2022+17%2023: -$2.4M-$2.4M2023−33%2024: -$2.3M-$2.3M2024−3%2025: -$3.1M-$3.1M2025+34%
Net income9673-$3.7M in 2025+89% since 2020
-$4.0M-$3.0M-$2.0M-$1.0M02020: -$2.0M-$2.0M20202021: -$2.3M-$2.3M2021+19%2022: -$2.9M-$2.9M2022+24%2023: -$1.9M-$1.9M2023−36%2024: -$2.1M-$2.1M2024+13%2025: -$3.7M-$3.7M2025+77%
Fiscal year20182019202020212022202320242025
Revenue$31.0K6$26.0K7$306.0K3$168.0K3$38.0K3
Cost of revenue$27.0K6$22.0K7$59.0K3$42.0K3$16.0K3
Gross profit$4.0K6$4.0K7$247.0K3$126.0K3$22.0K3
Research and development$670.0K6$898.0K7$519.0K3$536.0K3$733.0K3
Operating income-$1.9M8-$1.8M9-$3.1M6-$3.6M7-$2.4M3-$2.3M3-$3.1M3
Interest$40.0K6$39.0K7$33.0K3$37.0K3$31.0K3
Income before tax-$2.3M6-$2.9M7-$1.9M3-$2.1M3-$3.7M3
Income tax$1.0K9$2.3M9$2.9M9
Net income-$2.0M9-$2.3M6-$2.9M7-$1.9M3-$2.1M3-$3.7M3
Earnings per share-$0.068-$0.069-$0.066-$0.077-$0.073-$0.043-$0.083
Earnings per share (diluted)-$0.069-$0.066-$0.077-$0.073-$0.043-$0.083
Shares (weighted, basic)39.8M shares644.4M shares744.4M shares344.5M shares346.7M shares3

Compare Wave Exponential with another company

Corporate structure

Wave Exponential sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Wave Exponential

  • Wave Exponential V7

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Wave Exponential reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$929.0K3 Dec 31, 2025$561.0K3 Dec 31, 2024+65.6%
Operating-lease assets (leased space)$137.0K3 Dec 31, 2025$195.0K3 Dec 31, 2024−29.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.0M3 Dec 31, 2025$7.8M3 Dec 31, 2024−23.2%

Leadership

Who has led Wave Exponential, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Inna Kanevsky Braverman2026–now

Chief financial officer

  1. Aharon Yehuda2026–now
19901995200020052010201520202025
Board members and other officers (5)

Former names

  • EWPG Holding AB (publ)Mar 1, 2021 to May 27, 20214

Timeline

  1. Mar 18, 2026New chief executive Inna Kanevsky Braverman becomes CEO10
  2. Jul 5, 1994Went public Listed on Stock Exchange of Thailand1
  3. Sep 19, 1988Founded Founded1

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/202616

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

162 filings to the SEC since October 2021: 5 annual reports, 6 insider forms, 4 large holders, 147 other. The latest 20:

  1. Oct 6, 2026SCHEDULE 13G EDGAR
  2. Sep 22, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Aug 17, 20266-K CURRENT REPORT EDGAR
  5. Aug 13, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Aug 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Jul 21, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Jul 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Jun 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Jun 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jun 26, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  12. Jun 26, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Jun 24, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jun 8, 20263 EDGAR
  15. Jun 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Jun 2, 20266-K EDGAR
  17. May 28, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. May 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. May 7, 20266-K EDGAR
  20. May 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 162 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Citadel Advisors LLC408,818$3.7M0.0%+396,222
Connective Capital Management, LLC32,234$291.7K0.2%New
SmartHarvest Portfolios, LLC20,441$185.0K0.1%−955
Morgan Stanley18,554$167.9K0.0%+3,600
LPL Financial LLC16,877$152.7K0.0%−2,900
Veracity Capital LLC14,902$134.9K0.0%No change
Geode Capital Management, LLC12,567$113.7K0.0%New
Osaic Holdings, Inc.5,400$48.9K0.0%+4,400
PNC Financial Services Group, Inc.4,800$43.4K0.0%+1,800
Federation des caisses Desjardins du Quebec1,800$15.9K0.0%No change
UBS Group AG1,193$10.8K0.0%New
Arax Advisory Partners1,181$10.7K0.0%New
Wells Fargo & Company/mn987$8.9K0.0%New
Integrated Wealth Concepts LLC745$6.7K0.0%New
Steward Partners Investment Advisory, LLC720$6.5K0.0%No change
SBI Securities Co., Ltd.430$3.9K0.0%+249
Russell Investments Group, Ltd.395$3.6K0.0%No change
Huntington National Bank189$1.7K0.0%New
Farther Finance Advisors, LLC144$1.3K0.0%No change
Rhumbline Advisers78$7050.0%No change
Assetmark, Inc50$4530.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Wave Exponential is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREco Wave Power Global AB (publ)2
  • CIK0001846715
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company5
  • Incorporated inSweden5
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address7A Strandvagen, Stockholm, V7 114562
  • Phone972350940172
  • Shares outstanding46,717,308 shares as of Dec 31, 20255
  • AuditorKesselman & Kesselman, Tel Aviv, Israel PCAOB ID 1309; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMar 1, 20212
  • Filings189 in all: 6-K (140), 3 (6), CORRESP (6), 20-F (5), UPLOAD (5), EFFECT (3), F-1/A (3), SC 13G (3)2
    All 23 form types

    424B5 (2), DRSLTR (2), F-3 (2), 144 (1), 144/A (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), F-1 (1), POS EX (1), SC 13G/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) Mar 12, 2026

Securities registered for trading

ClassSymbolExchange
American Depositary SharesWAVEThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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