earnings
confidence high
sentiment positive
materiality 0.65
Energous Q1 revenue up 436% to $0.3M; net loss improves to $(3.4)M from $(6.6)M
Energous Corp
2025-Q1 EPS reported
-$0.12
revenue$343,000
- Revenue $0.3M (+436% YoY); PowerBridge transmitter sales up 483% YoY.
- GAAP net loss $(3.4)M ($(0.12)/share) vs $(6.6)M ($(1.11)/share) in Q1 2024.
- Operating expenses cut 44% to $3.7M; annualized cost savings of $7.3M.
- Cash $10.1M at March 31; raised $13.8M net from ATM offering in Q1.
- After quarter end, shipped additional $0.3M product to retailers and new power company.