secwatch.observer — SEC 8-K summary
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Issuer:     Energous Corp (WATT)
CIK:        0001575793
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001193125-23-140739
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energous Q1 revenue falls 55% YoY to $96.7K; net loss $(6.7M) or $(0.08)/share
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- Revenue of $96,676, down from $215,961 in Q1 2022; costs and expenses were ~$6.4M.
- Net loss of $(6.7M), basic and diluted EPS $(0.08); adjusted non-GAAP net loss $(5.5M).
- Cash and equivalents $26.3M at quarter end; no debt outstanding.
- Partnerships with InnoTractor, Thinaer, LIXIL, SATO, Catapult, and amsOSRAM for wireless power solutions.
- Japan regulatory approval for 1W WattUp PowerBridge; AirFuel RF adopted as industry standard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575793/000119312523140739/0001193125-23-140739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575793/000119312523140739/d370811d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-140739

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