secwatch.observer — SEC 8-K summary
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Issuer:     Energous Corp (WATT)
CIK:        0001575793
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001104659-24-040509
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575793/000110465924040509/0001104659-24-040509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575793/000110465924040509/tm2410039d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-040509

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