Eco wave power announces q1 financial results; progress with projects in israel, united states and portugal, while continuing to present decrease in operating expenses and plans to enhance cash flow

Stockholm , may 16, 2024 /prnewswire/ -- eco wave power global ab (publ) ("eco wave power" or the "company") (nasdaq: wave), a leading, publicly traded onshore wave energy technology company, that developed a patented, smart, and cost-efficient technology for turning ocean and sea waves into green electricity, is pleased to report its financial results as of and for the three months ended march 31, 2024 and provide a corporate update. management commentary during the first quarter of 2024, eco wave power continued to demonstrate resilience by decreasing its operating expenses by 3.5% compared to the first quarter of 2023, ending the quarter with $7.96 million in cash and in short term bank deposits.
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