Energous Q3 revenue up 11% YoY to $223k; net loss $6.0M; cash $30.4M

Energous Corp

2022-Q3 EPS reported -$0.26 revenue$672,133

Revenue $223k, up ~11% from $201k in Q3 2021; net loss $6.0M ($0.08/sh), non-GAAP loss $5.2M.
Cash and equivalents $30.4M with no debt; costs $6.3M (R&D $2.9M, SG&A $3.0M).
FCC granted 15W conducted wireless power authorization; 1W PowerBridge approved in Australia/New Zealand.
Partnerships: second retail deployment with Flagship/Wiliot; NGK battery partnership; e-peas evaluation kit launched.
Board added J. Michael Dodson and David Roberson as new independent directors.

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 third quarter ended September 30, 2022 results: revenue approximately $223,000, net income Net loss of approximately $(6.0) million, EPS $(0.08) per basic and diluted share.

Period: third quarter ended September 30, 2022
Revenue: approximately $223,000
Net income: Net loss of approximately $(6.0) million
EPS: $(0.08) per basic and diluted share
Result: reported results

Exact text from the filing

For the third quarter ended September 30, 2022, Energous reported: • Revenue of approximately $223,000, up nearly 11% from approximately $201,000 in the 2021 third quarter • Costs and expenses of approximately $6.3 million, with approximately $420,000 in cost of revenue, $2.9 million in research and development, and $3.0 million in sales, marketing, general and administrative expenses • Net loss of approximately $(6.0) million, or $(0.08) per basic and diluted share

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Source: SEC EDGAR

accession 0001193125-22-276903

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