Core Viewpoint - Energous Corporation reported a revenue of approximately $1.3 million for Q3 2025, marking a 30% increase from Q2 2025 and a 453% increase compared to Q3 2024, alongside the lowest net loss in a decade, indicating progress towards profitability [1][5]. Financial Performance - Revenue for Q3 2025 was approximately $1.3 million, a 30% increase from Q2 2025 and a 453% increase from approximately $0.2 million in Q3 2024 [5]. - Year-to-date revenue through September 30, 2025, reached approximately $2.6 million, over three times the revenue reported for the full fiscal year of 2024 [5]. - Gross profit for Q3 2025 was $0.5 million, a 703% increase from a gross loss of $0.1 million in Q3 2024, with a gross margin of 36% [5]. - GAAP net loss for Q3 2025 was approximately $(2.1) million, or $(1.31) per share, a 38% improvement from a net loss of approximately $(3.4) million, or $(14.98) per share, in Q3 2024 [5][17]. - Non-GAAP net loss for Q3 2025 was approximately $(2.0) million, showing a 38% improvement year-over-year [5]. Company Highlights - The company raised $18.2 million in net proceeds through various offerings during the nine months ended September 30, 2025 [4]. - As of September 30, 2025, the company reported approximately $12.9 million in cash and cash equivalents [5]. - The company has experienced zero product returns since the commercial production of its PowerBridge Pro began last year, emphasizing product quality as a priority [5]. - The backlog of confirmed orders as of November 11, 2025, was approximately $4.1 million, indicating increased market adoption of the company's wireless power network solutions [9]. - Energous joined the AWS Partner Network in January 2025, which has contributed to sales momentum and active proofs of concept with Fortune 500 companies [9]. Product Development - The company introduced its battery-free e-Sense tag and new products such as the AI-driven PowerBridge MOD and PowerBridge PRO+, enhancing its technology portfolio [9]. - During the first nine months of 2025, Energous was granted five new U.S. patents related to network security and location tracking [9].

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]