Operator
Good day, everybody. Welcome to the Eco Wave Energy First Quarter 2026 Earnings Name. [Operator Instructions] It’s now my pleasure to show the ground over to your host, Aharon Yehuda, the CFO of Eco Wave Energy. The ground is yours.
Aharon Yehuda
Chief Monetary Officer
Thanks. Good morning, everybody, and thanks for becoming a member of Eco Wave Energy’s First Quarter 2026 Earnings Name.
Turning to our monetary outcomes. Throughout the first quarter of 2026, we continued advancing our world venture portfolio, whereas sustaining disciplined value administration throughout the group. Working bills for the quarter had been roughly USD 682,000, representing an 11% lower in comparison with the primary quarter of 2025. The discount was primarily pushed by decrease analysis and growth, gross sales and advertising and normal and administrative bills.
Analysis and growth bills decreased to roughly USD 140,000 in comparison with USD 181,000 throughout the identical interval final 12 months.
Gross sales and advertising bills had been roughly USD 71,000 in comparison with USD 77,000 within the prior 12 months interval, whereas normal and administrative bills decreased to roughly USD 499,000 from USD 539,000 final 12 months.
Working loss improved year-over-year, lowering to roughly USD 682,000 in comparison with USD 765,000 throughout the identical interval in 2025.
Different revenue remained comparatively secure at roughly USD 52,000 in comparison with USD 54,000 throughout the identical interval final 12 months and was primarily pushed from expertise demonstration exercise in addition to administration charges for — from a three way partnership.
Internet loss for the quarter was roughly USD 695,000 in comparison with roughly USD 505,000 throughout the identical interval final 12 months. The change was primarily attributable to international alternate fluctuation, together with the appreciation
