Energous(US:WATT) Globenewswireยท2025-07-08 11:00Core Insights - Energous Corporation has reported significant progress in its second quarter of 2025, highlighting a turnaround towards sustainable and profitable growth [1][5] - The company anticipates revenue exceeding $900,000 for the quarter ended June 30, 2025, and the lowest quarterly net loss in the last decade [2][4] Financial Performance - Year-to-date revenue through June 30, 2025, is expected to be approximately $1.3 million, nearly double the total revenue for all of 2024 [3] - The estimated net loss for the second quarter is approximately $3 million, reflecting an 11% improvement from the prior quarter and a 30% improvement compared to the same quarter last year [4] Strategic Initiatives - The company has fully retired its high-interest debt, enhancing its balance sheet and financial stability [5] - Energous raised approximately $15.8 million in funding through its at-the-market equity program, reinforcing liquidity for growth initiatives [5] Commercial Traction - Energous is gaining commercial traction through partnerships with Fortune 10 and Fortune 100 companies, indicating growing demand for its wireless power technologies [6] - The company has secured a proof-of-concept deployment through Amazon Web Services and formed a strategic alliance with HaiLa Technologies [6] Product Innovation - Energous has expanded its product portfolio with new wireless power transmitters powered by AI and solutions for battery-free wireless IoT sensing and asset tracking [7] - The innovations position Energous as a leader in developing smart, sustainable, and scalable power networks [7] Market Positioning - The company is well-positioned to capitalize on the emerging ambient IoT market, which is crucial for real-time visibility and automation across various industries [8] - Energous aims to support the next generation of connected, battery-less devices with its growing portfolio of certified technologies [8]