Energous Q2 revenue falls to $46K; net loss widens to $4.3M

Energous Corp

2024-Q2 EPS reported -$1.74 revenue$110,000

Revenue of $46,000 vs $0.1M YoY; backlog $0.2M as of June 30 with $0.1M shipped post-quarter.
Net loss $(4.3)M ($0.65/share) compared to $(4.0)M ($0.88/share) in Q2 2023.
Non-GAAP net loss $(4.7)M, an 11% improvement from $(5.3)M; cash $4.9M, no debt.
Costs and expenses $4.7M, down 24% YoY; company highlights follow-on orders from large retail customers.

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