Core Insights - Energous Corporation reported a record annual revenue of approximately $5.6 million for the year ended December 31, 2025, marking a 633% increase from 2024 and the highest revenue in the company's history [1][4] - The company achieved its lowest quarterly net loss since 2013, indicating progress towards profitability [1][4] Financial Performance - For Q4 2025, the company reported revenue of approximately $3.0 million, a 139% increase from $1.3 million in Q3 2025, with a net loss of $1.3 million, a 37% improvement from the previous quarter [2] - Gross profit for 2025 was $2.0 million, with a gross margin of 36%, significantly up from approximately $12,000 and 2% in 2024 [4] - GAAP operating expenses decreased to $12.0 million in 2025 from $18.4 million in 2024, a 35% year-over-year improvement [4] - The GAAP net loss for 2025 was approximately $(9.6) million, or $(6.46) per share, a 48% improvement compared to a net loss of approximately $(18.4) million, or $(77.16) per share, in 2024 [4][8] Company Highlights - Over 25,000 PowerBridge transmitters were shipped in 2025, with zero product returns since the start of commercial production in 2024, highlighting product quality [4] - The company has been selected for a large-scale proof-of-concept deployment by a multi-billion-dollar U.S. subsidiary of a British parent company, focusing on modernizing inventory tracking [8] - Energous achieved AWS Independent Software Vendor (ISV) Accelerate status, enhancing its credibility in the market [8] - The company expanded its production capacity with a new U.S.-based contract manufacturer to better serve customer demands [8] - Energous strengthened its intellectual property portfolio with 15 new patents granted in 2025 [8]

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].