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]