Energous FY2024 revenue up 62% to $0.8M; net loss narrows to $18.4M

Energous Corp

2024-FY EPS reported -$2.57 vs consensus -$22.64 ▲ beat (+88.7%)

Revenue $0.8M in FY2024 (+62% YoY); Q4 revenue $0.4M (+86% QoQ).
Total GAAP op expenses fell to $19.2M from $22.6M; non-GAAP opEx down 19% to $16.2M.
Net loss improved to $(18.4)M ($(2.57)/share) vs $(19.4)M ($(4.15)/share) in 2023.
Cash $1.4M at Dec 31, 2024; as of Feb 25, 2025 cash grew to $11.7M (likely financing).
Revenue mix shift: 88% from PowerBridge transmitters in 2024 vs 80% from engineering/micro-chip in 2023.

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