---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-040509"
form_type: "8-K"
ticker: "WATT"
cik: "0001575793"
company_name: "Energous Corp"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:09:21.434712+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Energous FY2023 revenue down 44% to $0.5M; net loss improves to $19.4M; CEO replaced

## Summary
- Revenue $0.5M vs $0.9M in 2022; net loss $(19.4)M vs $(26.3)M; GAAP EPS $(4.15) vs $(6.78).
- Costs reduced to $22.6M from $27.5M; gross margin turned positive to 41% from negative 50%.
- Cash $13.9M at year-end, no debt.
- CEO Cesar Johnston removed March 26; Office of the Chair (Reynette Au, Mallorie Burak) interim; Burak named PEO.
- Partnerships with Velociti, WiGL, Identiv, InPlay; Japan approved 1W PowerBridge; launched 2W transmitter.

## SEC filing metadata
- accession: 0001104659-24-040509
- form_type: 8-K
- ticker: WATT
- cik: 0001575793
- company_name: Energous Corp
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575793/000110465924040509/0001104659-24-040509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575793/000110465924040509/tm2410039d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-040509
- JSON: https://secwatch.observer/filing/0001104659-24-040509.json
- Plain text: https://secwatch.observer/filing/0001104659-24-040509.txt

## Key facts
- Earnings Releases
  Energous Corp reported the year ended December 31, 2023 results: revenue approximately $0.5 million, net income approximately $(19.4) million, EPS $(4.15) per basic and diluted share.
  - Period: the year ended December 31, 2023
  - Revenue: approximately $0.5 million
  - Net income: approximately $(19.4) million
  - EPS: $(4.15) per basic and diluted share
  - Result: reported results
  source text: results for the year ended December 31, 2023, and provided an update on recent partnerships and company highlights. 2023 Financial Results · 2023 revenue of approximately $0.5 million versus $0.9 million in 2022. · Total costs and expenses were significantly reduced in 2023 from approximately $27.5 million in 2022 to approximately $22.6 million in 2023,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575793/000110465924040509/0001104659-24-040509-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.