- Reports Revenue of $1.3 Million – Posting third consecutive quarter of growth -- Lowest Quarterly Net Loss in the last Decade – Evidencing further progress toward profitability - SAN JOSE, Calif., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Energous Corporation d/b/a Energous Wireless Power Solutions (Nasdaq: WATT) (the “Company,” “we,” or “our”), a pioneer in scalable, over-the-air (OTA) wireless power networks, today announced financial results for the third quarter ended September 30, 2025, reporting revenue of ...

Core Insights - Energous Corporation reported a revenue of approximately $1 million for Q2 2025, marking a 184% increase from Q1 2025 and the highest quarterly revenue since 2016 [1][3] - The company achieved its lowest quarterly net loss in the last decade, with a GAAP net loss of approximately $(2.8) million, a 35% improvement compared to Q2 2024 [4][3] - Energous announced a backlog of confirmed orders amounting to approximately $4 million, indicating growing market adoption of its wireless power network solutions [10][3] Financial Performance - Revenue for Q2 2025 was approximately $1.0 million, a nearly 21-fold increase compared to approximately $46,000 in Q2 2024, and a 184% increase over Q1 2025 revenue of $0.3 million [3] - Year-to-date revenue through June 30, 2025, reached approximately $1.3 million, representing a 72% increase over the total revenue for the full fiscal year of 2024 [3] - Gross margin improved by 200 percentage points, transitioning from a negative gross margin in Q2 2024 to a gross margin of 35% in Q2 2025 [3] Operational Highlights - GAAP operating expenses for Q2 2025 totaled $3.1 million, down 32% from $4.6 million in Q2 2024 [3] - Non-GAAP operating expenses decreased to approximately $3.0 million, a reduction of 37% year over year [3] - The company has had zero product returns since the commercial production of the PowerBridge Pro began last year, emphasizing its commitment to product quality [3] Strategic Initiatives - The company introduced new products, including the AI-driven PowerBridge MOD and PowerBridge PRO+, aimed at enhancing enterprise asset tracking solutions [10] - Energous was granted four new U.S. patents during the first half of 2025, focusing on network security and location tracking technologies [10] - The company is focused on enhancing gross margin and operational efficiency as part of its strategy for scalable growth [2][3]

Core 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]

Supply Chain Challenges & Solutions - US retailers face approximately $300 billion in annual financial losses due to poor inventory management and lack of visibility[7] - Cold chain applications experience roughly $46.7 billion in annual financial losses because retailers lack visibility in managing temperature-sensitive products[7] - Energous offers wireless power networks (WPNs) to provide visibility, control, and intelligent business automation for supply chains[11] - WPNs can reduce infrastructure costs by eliminating batteries, cables, and wires[10] Energous Technology & Advantages - Energous transmitters deliver always-on, automated energy flow and act as data links for IoT devices[13] - Energous's WPNs offer wireless charging and data transmission at a distance[18] - Energous's solutions enable a new generation of battery-free IoT devices for asset and inventory tracking[15] - Energous has a competitive advantage with higher output power delivery (8W vs <2W), leading to higher levels of asset visibility[35] Market Opportunity & Financials - The total addressable market (TAM) for IoT sensors is $16 billion[38] - The TAM for RF tags is $15.8 billion[41] - The company's revenue for FY 2024 was $0.8 million[59]

Core Insights - Energous Corporation reported a significant revenue increase of over 430% in Q1 2025 compared to Q1 2024, driven by a 483% increase in revenue from PowerBridge transmitter systems [2][5] - The company secured $13.8 million in net proceeds from its at-the-market offering program to support growth initiatives [2][11] - The company aims to reduce cash burn, achieving annualized cost savings of approximately $7.3 million [2] Financial Performance - Revenue for Q1 2025 was $0.3 million, up from approximately $0.1 million in Q1 2024, marking a 436% year-over-year increase [5] - Gross profit for Q1 2025 was approximately $0.1 million, a 307% improvement from a gross loss of $45,000 in the prior year [5] - Operating expenses decreased to $3.7 million in Q1 2025 from $6.6 million in Q1 2024, representing a 44% year-over-year improvement [5] Operational Highlights - The company shipped an additional $0.3 million in products after Q1 2025, primarily to multinational retailers and a multi-billion dollar power company [5] - Energous introduced two new products: the AI-driven PowerBridgeMOD and PowerBridge PRO+ with integrated gateway, enhancing its asset tracking solutions [11] - A major retailer is accelerating a multi-stage infrastructure modernization project, planning to deploy PowerBridge PRO transmitters in over 4,700 locations nationwide [11] Cash Position - As of March 31, 2025, the company had approximately $10.1 million in cash and cash equivalents, a significant increase from $1.4 million at the end of Q1 2024 [5][16]

Core Viewpoint - Energous Corporation reported significant financial growth in 2024, with a shift towards increased revenue from its PowerBridge transmitters, indicating a positive trend in market adoption of its wireless power solutions [1][5][7]. Financial Results - Revenue for the year ended December 31, 2024, was $0.8 million, a 62% increase from approximately $0.5 million in 2023 [5]. - In 2024, 88% of revenue was generated from PowerBridge transmitters, compared to 80% of 2023 revenue from non-recurring engineering services and micro-chip sales [5]. - Fourth quarter revenue for 2024 was $0.4 million, an 86% increase from approximately $0.2 million in the third quarter of 2024 [5]. - Total GAAP cost of revenue and operating expenses for 2024 was $19.2 million, down from $22.6 million in 2023 [5]. - Non-GAAP operating expenses decreased by approximately $4.0 million, or 19%, year over year, totaling $16.2 million in 2024 [5]. - The net loss for 2024 was approximately $(18.4) million, or $(2.57) per share, an improvement from a net loss of $(19.4) million, or $(4.15) per share, in 2023 [5][17]. - Cash and cash equivalents as of December 31, 2024, were approximately $1.4 million, increasing to approximately $11.7 million by February 25, 2025 [5]. Company Highlights - The company was granted 13 new patents in 2024, enhancing its intellectual property portfolio [5]. - Energous rebranded its PowerBridge transmitters, with the PowerBridge PRO offering 8W EIRP capabilities and the PowerBridge LITE providing 4W EIRP capabilities [5]. - A significant contract was awarded by a Fortune 10 multinational retailer to deploy PowerBridge transmitters in over 4,700 locations [5]. - The company is developing a battery-free smart tag for a global leader in RFID-based solutions, aimed at enhancing visibility and asset tracking for retail IoT applications [5][7].