Energous Q2 revenue hits $1 mln, net loss improves 35%

Energous

29/07/2025 12:11

Overview

Energous Q2 revenue reaches $1 mln, highest since 2016, up 184% qtr/qtr

Net loss improves 35% yr/yr, lowest quarterly loss in a decade

Co announces $4 mln order backlog, indicating growing demand

Outlook

Company expects $4 mln order backlog to ship in 2025

Result Drivers

REVENUE GROWTH - Co attributes 184% qtr/qtr revenue increase to rising demand for wireless power network technology

GROSS MARGIN IMPROVEMENT - Enhanced manufacturing yields and operational optimization drove gross margin to 35%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$975,000
Q2 EPS
-$0.08
Q2 Net Income
-$2.79 mln
Q2 Operating Income
-$2.78 mln


Analyst Coverage

Wall Street's median 12-month price target for Energous Corp is $3.25, about 86.3% above its July 28 closing price of $0.44

Press Release: ID:nGNX2QP09B

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)