Certification enables commercialization of Energous’ flagship wireless power transmitter across EU and UK marketsSAN JOSE, Calif., Dec. 16, 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 that its PowerBridge Pro Directional transmitter has received regulatory approval for deployment across the European Union. With this approval, Energous’ EU-certified portfolio now includes both Pow ...

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 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]