Energous Q3 revenue up 36% to $230K; net loss narrows to $3.4M

Energous Corp

2024-Q3 EPS reported -$2.21 revenue$340,000

Revenue $230K vs $169K YoY (+36%); costs and expenses fell to $3.8M from $5.3M.
GAAP net loss $3.4M ($0.50/share) improved vs $4.1M ($0.86/share) YoY.
Non-GAAP net loss $3.3M, down 22% from $4.2M in prior year.
Cash and equivalents $1.5M as of Sept 30, 2024; no debt or financing update.
R&D and SG&A each $1.7M; severance expense $0.1M in the quarter.

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