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SAN JOSE, Calif., Sept. 11, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (“Energous” or the “Company”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced the closing of its previously announced registered direct offering priced at-the-market under Nasdaq rules of an aggregate of 585,347 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 585,347 shares of common stock, ...

SAN JOSE, Calif., Sept. 10, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (“Energous” or the “Company”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced that it has entered into a definitive agreement for the purchase and sale of 585,347 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 585,347 shares of common stock, at an offering price of $7.92 per share of commo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER 001-36379 ENERGOUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 46-1318953 (State of incorporation) (I.R.S. Employer Identification No.) (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDE ...

Second Quarter 2025 Financial Results Revenue for the quarter ended June 30, 2025 of approximately $1.0 million versus approximately $46,000 in the same period in 2024, an improvement of nearly 21 times the same prior year period, and a 184% improvement over first quarter of 2025 revenue of $0.3 million. Revenue in the second quarter of 2025 represents the highest recorded quarterly revenue for the Company since 2016 and contributed to the Company's year-to-date revenue through June 30, 2025 of approximatel ...

Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Date of Report (Date of earliest event reported): July 8, 2025 ENERGOUS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-36379 46-1318953 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3590 North First Street, Suite 330 San Jose, California 95134 (Address ...

Milestone quarter underscores the company’s turnaround and path to sustainable, profitable growthSAN JOSE, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (NASDAQ: WATT), a leader in over-the-air (OTA) wireless power networks, today announced preliminary results for its second quarter of 2025, reflecting significant progress in revenue growth, cost discipline, product innovation, and balance sheet strength. Energous expects to report revenue for the qua ...

INVESTOR PRESENTATION May 13, 2025 Forward Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections, including statements regarding our future performance, ability to enter into future partnerships, future portfolio and ability to obtain future regulatory approval. All ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 3590 North First Street, Suite 330, San Jose, CA 95134 (Address of principal executive of ice) (Zip code) (408) 963-0200 (Registrant's telephone number, including area cod ...

[Management's Remarks](index=1&type=section&id=Management%27s%20Remarks) Management emphasized strategic execution, infrastructure efficiency, and partner relationships for wireless power network deployment, prioritizing cash burn reduction and capital securing for growth - The company is focused on executing strategic initiatives, fortifying partner relationships, and deploying its scalable, RF-based wireless power network solutions[3](index=3&type=chunk) - Reducing cash burn is a priority, with actions taken resulting in approximately **$7.3 million** in annualized cost savings[3](index=3&type=chunk) - Secured **$13.8 million** in net proceeds from an at-the-market offering in Q1 2025 to fund growth and strategic objectives[3](index=3&type=chunk)[11](index=11&type=chunk) - Management expects continued steady revenue growth in the coming quarters[3](index=3&type=chunk) [First Quarter 2025 Financial Results](index=1&type=section&id=First%20Quarter%202025%20Financial%20Results) Energous reported significant Q1 2025 financial improvements, with revenue surging over 430%, positive gross margin, reduced operating expenses, and a lower net loss, strengthening its cash position Q1 2025 Key Financial Metrics (YoY Comparison) | Metric | Q1 2025 | Q1 2024 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $0.3 million | ~$0.1 million | +436% | | **Gross Profit (Loss)** | $0.1 million | $(45,000) | +307% | | **GAAP Operating Expenses** | $3.7 million | $6.6 million | -44% | | **Non-GAAP Operating Expenses** | $2.5 million | $4.7 million | -46% | | **GAAP Net Loss** | $(3.4) million | $(6.6) million | -49% | | **GAAP EPS** | $(0.12) | $(1.11) | +89% | | **Non-GAAP Net Loss** | $(2.5) million | $(4.6) million | -47% | - The revenue increase was primarily driven by a **483% year-over-year increase** in sales of PowerBridge transmitter systems, indicating growing commercial adoption[4](index=4&type=chunk) - After the quarter ended, the company shipped an additional **$0.3 million in products**, mainly fulfilling orders for multinational retailers and a new order from a multi-billion dollar power company[4](index=4&type=chunk) - Cash and cash equivalents were approximately **$10.1 million** as of March 31, 2025[4](index=4&type=chunk) [Company Highlights](index=2&type=section&id=Company%20Highlights) Energous achieved key Q1 2025 milestones, including securing new capital, growing enterprise order backlog, advancing a major Fortune 10 retailer deployment, and expanding its product portfolio with new asset tracking solutions - A Fortune 10 multinational retailer is accelerating a multi-stage project to deploy PowerBridge PRO transmitters in more than **4,700 locations nationwide**[11](index=11&type=chunk) - The company is experiencing a growing backlog of enterprise orders, indicating increased market adoption of its wireless power network (WPN) solutions[11](index=11&type=chunk) - Introduced two new products: the AI-driven PowerBridgeMOD and the PowerBridge PRO+ with an integrated gateway, enhancing its enterprise asset tracking solutions[11](index=11&type=chunk) - Raised **$13.8 million** in net proceeds through its at-the-market offering program to fund growth initiatives and fulfill customer orders[11](index=11&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) [Balance Sheets](index=5&type=section&id=Balance%20Sheets) As of March 31, 2025, the company's balance sheet significantly strengthened, with cash and cash equivalents increasing from **$1.4 million to $10.1 million**, converting a stockholders' deficit into **$9.5 million** equity while total liabilities decreased Balance Sheet Summary (in thousands) | Account | March 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $10,085 | $1,353 | | **Total current assets** | $11,885 | $2,912 | | **Total Assets** | $13,377 | $3,795 | | **Total Liabilities** | $3,881 | $4,872 | | **Total stockholders' equity (deficit)** | $9,496 | $(1,077) | [Statements of Operations](index=6&type=section&id=Statements%20of%20Operations) For Q1 2025, Energous reported revenue of **$343,000**, achieved a gross profit of **$93,000**, significantly reduced operating expenses to **$3.7 million**, and improved net loss to **$3.4 million** or **$0.12 per share** Statement of Operations Summary (in thousands, except per share data) | Account | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Revenue** | $343 | $64 | | **Gross profit (loss)** | $93 | $(45) | | **Total operating expenses** | $3,704 | $6,620 | | **Loss from operations** | $(3,611) | $(6,665) | | **Net loss** | $(3,366) | $(6,599) | | **Basic and diluted net loss per share** | $(0.12) | $(1.11) | [Reconciliation of Non-GAAP Information](index=7&type=section&id=Reconciliation%20of%20Non-GAAP%20Information) The company provides non-GAAP financial measures to clarify operational performance by excluding specific items, reporting an adjusted non-GAAP net loss of **$2.5 million** and non-GAAP operating expenses of **$2.5 million** for Q1 2025 - Non-GAAP measures are used to supplement GAAP results and exclude items such as depreciation, stock-based compensation, severance, change in fair value of warrant liability, and expenses from abandoned financing transactions[10](index=10&type=chunk)[13](index=13&type=chunk) GAAP to Non-GAAP Net Loss Reconciliation (in thousands) | Description | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Net loss (GAAP)** | $(3,366) | $(6,599) | | Total Adjustments | $900 | $1,967 | | **Adjusted net non-GAAP loss** | **$(2,466)** | **$(4,632)** | GAAP to Non-GAAP Operating Expenses Reconciliation (in thousands) | Description | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Total operating expenses (GAAP)** | $3,704 | $6,620 | | Total Adjustments | $(1,167) | $(1,885) | | **Adjusted non-GAAP operating expenses** | **$2,537** | **$4,735** |