Energous Q1 2024 revenue flat at $0.1M; non-GAAP net loss improves 16% to $4.6M

Energous Corp

2024-Q1 EPS reported -$1.11 revenue$64,000

GAAP net loss $(6.6)M ($1.11/shr) vs $(6.7)M ($1.63/shr); non-GAAP loss $(4.6)M vs $(5.5)M.
Revenue flat ~$0.1M; total costs $6.7M incl $1.6M severance; R&D $2.3M, SG&A $2.7M.
Non-GAAP costs & expenses $4.8M, down 17% YoY; cash $10.7M, no debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Energous Corp reported the three months ended March 31, 2024 results: revenue approximately $0.1 million, net income approximately $(6.6) million, EPS $(1.11) per basic and diluted share.

Period: the three months ended March 31, 2024
Revenue: approximately $0.1 million
Net income: approximately $(6.6) million
EPS: $(1.11) per basic and diluted share
Result: reported results

Exact text from the filing

and provided an update on recent partnerships and company highlights. First Quarter 2024 Financial Results · Revenue for the three months ended March 31, 2024 of approximately $0.1 million versus $0.1 million in the 2023 period. · Costs and expenses for the three months ended March 31, 2024 totaled $6.7 million versus $6.4 million in the 2023 period. Total first

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Source: SEC EDGAR

accession 0001104659-24-061150

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