Energous Q2 revenue soars, partly on projects with national retail and grocery chains

Energous

12/08/2026 21:27

Overview
Wireless power tech firm's Q2 revenue rose 217% yr/yr, marking sixth straight quarter of growth
Company posted Q2 net loss of $2.91 mln, slightly wider than prior year
Q2 revenue growth driven by commercial adoption and new regulatory certification

Outlook
Company says its sales pipeline for H2 2026 is larger and more advanced than ever
Energous does not plan to use its ATM program in the next twelve months

Result Drivers
COMMERCIAL ADOPTION - Co said revenue growth was driven by expanding deployments with a Fortune 10 customer, a federal agency program, and proof-of-concept projects with national retail and grocery chains
PRODUCT SHIPMENTS - Co cited increased shipments of PowerBridge Pro transmitters as evidence of shift from market validation to commercial adoption
REGULATORY CERTIFICATION - Co said FCC certification of PowerBridge Pro+ advanced commercialization of its end-to-end wireless power solution

Company press release: ID:nGNX6JhKm4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$3.09 mln
 
Q2 Loss Per Share
 
$0.53
 
Q2 Net Loss
 
$2.91 mln
 
Q2 Operating Income
 
-$3.19 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Energous Corp is $28.25, about 51.4% above its August 11 closing price of $18.66

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(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.)